LVW Advisors LLC Has $414,000 Position in Spotify Technology $SPOT

Key Points

• LVW Advisors LLC has reduced its stake in Spotify Technology by 49.9% during Q2, holding now 539 shares worth approximately $414,000.
• Research analysts have a generally positive outlook on Spotify, with an average target price of $726.84 and most analysts recommending a Buy rating.
• For the latest quarter, Spotify reported a revenue of $4.94 billion, exceeding estimates, but missed earnings per share expectations by $2.42.

LVW Advisors LLC cut its holdings in Spotify Technology (NYSE:SPOT - Free Report) by 49.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 539 shares of the company's stock after selling 537 shares during the period. LVW Advisors LLC's holdings in Spotify Technology were worth $414,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Tsfg LLC acquired a new position in shares of Spotify Technology in the first quarter valued at about $28,000. Cornerstone Planning Group LLC grew its stake in shares of Spotify Technology by 512.5% in the first quarter. Cornerstone Planning Group LLC now owns 49 shares of the company's stock valued at $29,000 after acquiring an additional 41 shares in the last quarter. North Star Investment Management Corp. grew its stake in shares of Spotify Technology by 52.8% in the first quarter. North Star Investment Management Corp. now owns 55 shares of the company's stock valued at $30,000 after acquiring an additional 19 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Spotify Technology in the first quarter valued at about $34,000. Finally, HM Payson & Co. grew its stake in shares of Spotify Technology by 39.1% in the first quarter. HM Payson & Co. now owns 64 shares of the company's stock valued at $35,000 after acquiring an additional 18 shares in the last quarter. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Phillip Securities raised shares of Spotify Technology from a "moderate sell" rating to a "hold" rating in a research report on Monday, August 4th. Pivotal Research upped their price objective on shares of Spotify Technology from $800.00 to $900.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. Wells Fargo & Company upped their price objective on shares of Spotify Technology from $740.00 to $750.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Citigroup upped their price objective on shares of Spotify Technology from $715.00 to $750.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 9th. Finally, Rosenblatt Securities cut their price objective on shares of Spotify Technology from $703.00 to $679.00 and set a "neutral" rating for the company in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $726.84.

Spotify Technology Price Performance

Spotify Technology stock opened at $715.87 on Friday. The company has a market capitalization of $146.54 billion, a P/E ratio of 173.76, a P/E/G ratio of 3.08 and a beta of 1.71. The business has a 50 day moving average of $694.06 and a 200-day moving average of $660.33. Spotify Technology has a 1 year low of $362.31 and a 1 year high of $785.00.

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 analysts' consensus estimates of $2.00 by ($2.42). Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The firm had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period in the prior year, the company posted $1.33 EPS. The business's revenue for the quarter was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Spotify Technology will post 10.3 EPS for the current 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.

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