Spotify Technology $SPOT Holdings Reduced by Wesbanco Bank Inc.

Key Points

• Wesbanco Bank Inc. reduced its holdings in Spotify Technology by 23.3%, selling 1,300 shares and valuing its remaining stake at approximately $3.29 million.
• Several large investors, including Mpwm Advisory Solutions LLC and Cornerstone Planning Group LLC, have made changes to their positions in Spotify, indicating ongoing interest from institutional investors.
• Analysts have mixed outlooks on Spotify's stock, with price targets ranging from $652.00 to $860.00, reflecting a consensus rating of "Moderate Buy" and an average price target of $721.07.

Wesbanco Bank Inc. trimmed its holdings in shares of Spotify Technology (NYSE:SPOT - Free Report) by 23.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,290 shares of the company's stock after selling 1,300 shares during the period. Wesbanco Bank Inc.'s holdings in Spotify Technology were worth $3,292,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new position in shares of Spotify Technology in the 4th quarter worth $26,000. Tsfg LLC acquired a new stake in shares of Spotify Technology during the first quarter worth approximately $28,000. Copia Wealth Management purchased a new position in Spotify Technology during the fourth quarter valued at approximately $29,000. Cornerstone Planning Group LLC increased its stake in Spotify Technology by 512.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company's stock valued at $29,000 after buying an additional 41 shares during the period. Finally, North Star Investment Management Corp. lifted its position in Spotify Technology by 52.8% in the 1st quarter. North Star Investment Management Corp. now owns 55 shares of the company's stock worth $30,000 after buying an additional 19 shares in the last quarter. Institutional investors own 84.09% of the company's stock.

Wall Street Analyst Weigh In

SPOT has been the topic of several research analyst reports. KeyCorp lowered their price target on shares of Spotify Technology from $860.00 to $830.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Barclays lowered their target price on Spotify Technology from $800.00 to $750.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. JPMorgan Chase & Co. raised their price target on Spotify Technology from $730.00 to $780.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. The Goldman Sachs Group raised their price objective on shares of Spotify Technology from $680.00 to $775.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, 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 report on Wednesday, July 30th. Twenty investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $721.07.

Spotify Technology Stock Performance

SPOT opened at $696.91 on Monday. The company has a fifty day moving average price of $693.51 and a two-hundred day moving average price of $649.61. Spotify Technology has a 52 week low of $337.15 and a 52 week high of $785.00. The firm has a market capitalization of $142.66 billion, a PE ratio of 169.15, a P/E/G ratio of 2.99 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) EPS for the quarter, missing analysts' consensus estimates of $2.00 by ($2.42). Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The business 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 firm posted $1.33 EPS. Spotify Technology's revenue was up 10.1% on a year-over-year basis. Spotify Technology has set its Q3 2025 guidance at EPS. Equities analysts forecast that Spotify Technology will post 10.3 EPS for the current year.

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.

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