Werba Rubin Papier Wealth Management Invests $304,000 in Spotify Technology $SPOT

Key Points

• Werba Rubin Papier Wealth Management has invested approximately $304,000 in Spotify Technology, acquiring 396 shares in the second quarter.
• Institutional investors own 84.09% of Spotify's stock, with notable investments and increases in holdings from firms like GAMMA Investing LLC and Wealth Enhancement Advisory Services LLC.
• Multiple analysts have issued ratings for Spotify, including a "buy" rating from Guggenheim and a "strong-buy" rating from BNP Paribas, highlighting a consensus rating of "Moderate Buy".

Werba Rubin Papier Wealth Management bought a new position in Spotify Technology (NYSE:SPOT - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 396 shares of the company's stock, valued at approximately $304,000.

Several other hedge funds and other institutional investors have also modified their holdings of SPOT. GAMMA Investing LLC raised its holdings in shares of Spotify Technology by 38.1% during the first quarter. GAMMA Investing LLC now owns 1,305 shares of the company's stock worth $718,000 after acquiring an additional 360 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Spotify Technology by 30.7% during the first quarter. Fifth Third Bancorp now owns 302 shares of the company's stock worth $166,000 after acquiring an additional 71 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Spotify Technology by 238.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 25,441 shares of the company's stock worth $13,993,000 after acquiring an additional 17,932 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Spotify Technology by 11.9% during the first quarter. Janney Montgomery Scott LLC now owns 38,913 shares of the company's stock worth $21,403,000 after acquiring an additional 4,137 shares in the last quarter. Finally, Sagespring Wealth Partners LLC purchased a new stake in shares of Spotify Technology during the first quarter worth $320,000. Institutional investors and hedge funds own 84.09% of the company's stock.

Analyst Ratings Changes

SPOT has been the topic of several recent research reports. Guggenheim restated a "buy" rating and set a $850.00 target price on shares of Spotify Technology in a report on Wednesday, September 3rd. BNP Paribas raised Spotify Technology to a "strong-buy" rating in a research report on Tuesday, September 16th. Cantor Fitzgerald lifted their target price on Spotify Technology from $610.00 to $640.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. JPMorgan Chase & Co. lifted their price objective on Spotify Technology from $740.00 to $805.00 and gave the company an "overweight" rating in a report on Monday, September 29th. Finally, The Goldman Sachs Group downgraded Spotify Technology from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $765.00 to $770.00 in a report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $731.16.

Spotify Technology Price Performance

SPOT stock opened at $672.27 on Thursday. The company has a 50 day moving average price of $700.64 and a 200 day moving average price of $669.28. Spotify Technology has a fifty-two week low of $366.65 and a fifty-two week high of $785.00. The stock has a market capitalization of $137.62 billion, a PE ratio of 163.17, a price-to-earnings-growth ratio of 3.22 and a beta of 1.67.

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