Del Sette Capital Management LLC Buys Shares of 3,831 Spotify Technology $SPOT

Del Sette Capital Management LLC purchased a new position in shares of Spotify Technology (NYSE:SPOT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,831 shares of the company’s stock, valued at approximately $2,940,000. Spotify Technology accounts for about 2.0% of Del Sette Capital Management LLC’s investment portfolio, making the stock its 25th largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Advisor Group LLC boosted its position in Spotify Technology by 21.2% in the 1st quarter. Private Advisor Group LLC now owns 3,951 shares of the company’s stock valued at $2,173,000 after buying an additional 692 shares during the period. Oak Thistle LLC acquired a new stake in shares of Spotify Technology during the 1st quarter worth about $356,000. Pinnacle Associates Ltd. lifted its stake in Spotify Technology by 38.4% during the first quarter. Pinnacle Associates Ltd. now owns 1,384 shares of the company’s stock worth $761,000 after purchasing an additional 384 shares during the last quarter. Advisor OS LLC boosted its holdings in Spotify Technology by 282.3% in the first quarter. Advisor OS LLC now owns 1,747 shares of the company’s stock valued at $961,000 after purchasing an additional 1,290 shares in the last quarter. Finally, Journey Strategic Wealth LLC purchased a new position in Spotify Technology in the first quarter valued at approximately $214,000. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Spotify Technology Stock Performance

Shares of SPOT opened at $583.47 on Friday. The stock has a market capitalization of $120.13 billion, a P/E ratio of 91.74, a P/E/G ratio of 1.95 and a beta of 1.67. Spotify Technology has a 1 year low of $443.21 and a 1 year high of $785.00. The company’s fifty day moving average is $670.04 and its two-hundred day moving average is $683.55.

Spotify Technology (NYSE:SPOT) last issued its earnings results on Tuesday, November 4th. The company reported $3.83 earnings per share for the quarter, beating the consensus estimate of $1.87 by $1.96. Spotify Technology had a net margin of 8.46% and a return on equity of 21.68%. The business had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.23 billion. During the same quarter in the previous year, the firm earned $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. Sell-side analysts predict that Spotify Technology will post 10.3 EPS for the current year.

Wall Street Analysts Forecast Growth

SPOT has been the subject of several research analyst reports. BNP Paribas Exane initiated coverage on shares of Spotify Technology in a report on Tuesday, September 16th. They issued an “outperform” rating and a $900.00 target price for the company. Argus started coverage on shares of Spotify Technology in a research report on Monday, September 29th. They issued a “buy” rating and a $845.00 price target for the company. Benchmark lifted their price target on Spotify Technology from $800.00 to $860.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. BNP Paribas raised Spotify Technology to a “strong-buy” rating in a report on Tuesday, September 16th. Finally, Morgan Stanley lowered their target price on shares of Spotify Technology from $850.00 to $800.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $758.86.

About Spotify Technology

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.