Bosman Wealth Management LLC Has $4.27 Million Holdings in Spotify Technology $SPOT

Key Points

• Bosman Wealth Management LLC increased its holdings in Spotify Technology (NYSE:SPOT) by 1,226.0%, owning 5,569 shares valued at approximately $4.27 million.
• A majority of 84.09% of Spotify's stock is owned by institutional investors, with several funds, including Hartford Investment Management and HM Payson & Co., increasing their stakes during recent quarters.
• Analysts have varying ratings for Spotify, with a consensus of "Moderate Buy" and a price target averaging around $731.31, despite a recent earnings miss reporting ($0.42) earnings per share.

Bosman Wealth Management LLC increased its holdings in shares of Spotify Technology (NYSE:SPOT - Free Report) by 1,226.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,569 shares of the company's stock after buying an additional 5,149 shares during the period. Spotify Technology accounts for about 3.8% of Bosman Wealth Management LLC's investment portfolio, making the stock its 8th biggest holding. Bosman Wealth Management LLC's holdings in Spotify Technology were worth $4,273,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Hartford Investment Management Co. raised its stake in shares of Spotify Technology by 1.1% during the first quarter. Hartford Investment Management Co. now owns 1,449 shares of the company's stock worth $797,000 after buying an additional 16 shares during the last quarter. Stonekeep Investments LLC raised its stake in shares of Spotify Technology by 2.1% during the second quarter. Stonekeep Investments LLC now owns 773 shares of the company's stock worth $593,000 after buying an additional 16 shares during the last quarter. Moody National Bank Trust Division raised its stake in shares of Spotify Technology by 0.5% during the second quarter. Moody National Bank Trust Division now owns 2,931 shares of the company's stock worth $2,249,000 after buying an additional 16 shares during the last quarter. Citizens Financial Group Inc. RI raised its stake in shares of Spotify Technology by 3.7% during the first quarter. Citizens Financial Group Inc. RI now owns 477 shares of the company's stock worth $262,000 after buying an additional 17 shares during the last quarter. Finally, HM Payson & Co. raised its stake in shares of Spotify Technology by 39.1% during the first quarter. HM Payson & Co. now owns 64 shares of the company's stock worth $35,000 after buying an additional 18 shares during the last quarter. 84.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Sanford C. Bernstein boosted their price target on shares of Spotify Technology from $825.00 to $840.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Barclays lowered their target price on shares of Spotify Technology from $800.00 to $750.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Bank of America upped their target price on shares of Spotify Technology from $700.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. DZ Bank raised shares of Spotify Technology from a "sell" rating to a "hold" rating and set a $652.00 target price for the company in a research note on Wednesday, July 30th. Finally, Canaccord Genuity Group upped their target price on shares of Spotify Technology from $775.00 to $850.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $731.31.

Spotify Technology Stock Up 1.5%

Spotify Technology stock opened at $727.48 on Tuesday. The stock has a market capitalization of $148.92 billion, a PE ratio of 176.57, a price-to-earnings-growth ratio of 3.08 and a beta of 1.71. Spotify Technology has a twelve month low of $362.31 and a twelve month high of $785.00. The company has a 50 day moving average of $694.51 and a 200-day moving average of $662.24.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of $2.00 by ($2.42). The company had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The firm's quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Spotify Technology will post 10.3 EPS for the current fiscal year.

Spotify Technology 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.

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