Investment Advisory Services Inc. TX ADV Invests $287,000 in Spotify Technology $SPOT

Key Points

• Investment Advisory Services Inc. TX ADV invested $287,000 in Spotify Technology (NYSE:SPOT) by purchasing 374 shares during the second quarter.
• Institutional investors own approximately 84.09% of Spotify's stock, highlighting strong institutional interest in the company.
• Despite reporting a loss of ($0.42) EPS, Spotify's quarterly revenue was up 10.1% year-over-year, totaling $4.94 billion, exceeding analyst expectations.

Investment Advisory Services Inc. TX ADV purchased a new stake in shares of Spotify Technology (NYSE:SPOT - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 374 shares of the company's stock, valued at approximately $287,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. City Holding Co. increased its stake in shares of Spotify Technology by 900.0% in the second quarter. City Holding Co. now owns 210 shares of the company's stock valued at $161,000 after buying an additional 189 shares in the last quarter. Tritonpoint Wealth LLC bought a new stake in Spotify Technology during the 2nd quarter worth about $236,000. Avior Wealth Management LLC increased its position in Spotify Technology by 13.0% in the 2nd quarter. Avior Wealth Management LLC now owns 427 shares of the company's stock valued at $328,000 after acquiring an additional 49 shares in the last quarter. TBH Global Asset Management LLC bought a new position in shares of Spotify Technology in the second quarter worth about $303,000. Finally, SeaBridge Investment Advisors LLC lifted its position in shares of Spotify Technology by 2.8% during the second quarter. SeaBridge Investment Advisors LLC now owns 16,177 shares of the company's stock worth $12,413,000 after purchasing an additional 439 shares in the last quarter. Institutional investors and hedge funds own 84.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Benchmark lowered their price target on shares of Spotify Technology from $840.00 to $800.00 and set a "buy" rating for the company in a report on Wednesday, July 30th. DZ Bank upgraded Spotify Technology from a "sell" rating to a "hold" rating and set a $652.00 price objective on the stock in a research report on Wednesday, July 30th. Evercore ISI boosted their target price on Spotify Technology from $650.00 to $750.00 and gave the stock an "outperform" rating in a research report on Monday, June 16th. Rosenblatt Securities cut their price target on Spotify Technology from $703.00 to $679.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 30th. Finally, Cantor Fitzgerald lifted their price objective on Spotify Technology from $610.00 to $640.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Spotify Technology has a consensus rating of "Moderate Buy" and a consensus price target of $726.84.

Spotify Technology Stock Up 0.5%

NYSE:SPOT opened at $715.87 on Monday. Spotify Technology has a 12-month low of $362.31 and a 12-month high of $785.00. The stock's fifty day simple moving average is $694.06 and its 200-day simple moving average is $661.18. The firm has a market capitalization of $146.55 billion, a P/E ratio of 173.76, a P/E/G ratio of 3.08 and a beta of 1.71.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its 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). Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The company had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the company posted $1.33 EPS. The company's quarterly revenue was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Spotify Technology will post 10.3 earnings per share for the current 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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