Moors & Cabot Inc. Takes $315,000 Position in Spotify Technology $SPOT

Moors & Cabot Inc. acquired a new position in shares of Spotify Technology (NYSE:SPOT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 411 shares of the company’s stock, valued at approximately $315,000.

Other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its stake in shares of Spotify Technology by 1,151.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,740,803 shares of the company’s stock valued at $957,494,000 after buying an additional 1,601,653 shares during the period. Jennison Associates LLC lifted its holdings in Spotify Technology by 42.3% in the first quarter. Jennison Associates LLC now owns 4,247,940 shares of the company’s stock valued at $2,336,494,000 after acquiring an additional 1,262,614 shares during the last quarter. Nuveen LLC purchased a new position in Spotify Technology in the first quarter worth approximately $383,139,000. Axiom Investors LLC DE increased its stake in Spotify Technology by 216.8% during the first quarter. Axiom Investors LLC DE now owns 719,682 shares of the company’s stock worth $395,847,000 after acquiring an additional 492,504 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in Spotify Technology by 215.3% in the second quarter. Bessemer Group Inc. now owns 505,329 shares of the company’s stock valued at $387,758,000 after purchasing an additional 345,048 shares during the period. 84.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SPOT. Argus started coverage on Spotify Technology in a report on Monday, September 29th. They set a “buy” rating and a $845.00 price target for the company. Phillip Securities raised shares of Spotify Technology from a “moderate sell” rating to a “hold” rating in a research report on Monday, August 4th. BNP Paribas Exane assumed coverage on shares of Spotify Technology in a research note on Tuesday, September 16th. They set an “outperform” rating and a $900.00 target price for the company. KeyCorp reduced their price target on shares of Spotify Technology from $860.00 to $830.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. Finally, BNP Paribas upgraded shares of Spotify Technology to a “strong-buy” rating in a report on Tuesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, Spotify Technology presently has an average rating of “Moderate Buy” and an average price target of $729.94.

Spotify Technology Price Performance

Shares of NYSE:SPOT opened at $617.16 on Friday. The firm has a market capitalization of $127.07 billion, a PE ratio of 97.04, a price-to-earnings-growth ratio of 2.49 and a beta of 1.67. Spotify Technology has a 1 year low of $397.33 and a 1 year high of $785.00. The firm’s 50-day moving average is $685.11 and its two-hundred day moving average is $682.94.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $1.96. Spotify Technology had a net margin of 8.46% and a return on equity of 21.68%. The firm had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.23 billion. During the same quarter in the previous year, the business posted $1.45 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Spotify Technology has set its Q4 2025 guidance at EPS. Analysts expect that Spotify Technology will post 10.3 EPS for the current fiscal year.

Spotify Technology Company Profile

Spotify Technology SA, together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers.