Nisa Investment Advisors LLC Sells 5,713 Shares of Spotify Technology $SPOT

Nisa Investment Advisors LLC decreased its holdings in shares of Spotify Technology (NYSE:SPOT) by 23.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,254 shares of the company’s stock after selling 5,713 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Spotify Technology were worth $12,741,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of SPOT. Dock Street Asset Management Inc. purchased a new stake in shares of Spotify Technology during the 3rd quarter valued at about $22,319,000. Granite Group Advisors LLC increased its stake in Spotify Technology by 2.6% during the third quarter. Granite Group Advisors LLC now owns 756 shares of the company’s stock worth $528,000 after acquiring an additional 19 shares during the last quarter. Strategic Planning Group LLC bought a new stake in Spotify Technology during the third quarter worth approximately $4,973,000. Benjamin Edwards Inc. raised its position in Spotify Technology by 1.4% during the third quarter. Benjamin Edwards Inc. now owns 5,200 shares of the company’s stock valued at $3,630,000 after purchasing an additional 73 shares during the period. Finally, HB Wealth Management LLC lifted its stake in shares of Spotify Technology by 9.6% in the 3rd quarter. HB Wealth Management LLC now owns 2,970 shares of the company’s stock valued at $2,074,000 after purchasing an additional 261 shares during the last quarter. Institutional investors own 84.09% of the company’s stock.

Spotify Technology Price Performance

SPOT stock opened at $539.15 on Friday. Spotify Technology has a 12 month low of $451.43 and a 12 month high of $785.00. The firm’s 50-day moving average is $593.15 and its 200 day moving average is $660.60. The company has a market capitalization of $111.01 billion, a PE ratio of 84.77, a P/E/G ratio of 0.99 and a beta of 1.66.

Spotify Technology (NYSE:SPOT) last issued its earnings results on Tuesday, November 4th. The company reported $3.83 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $1.96. The business had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.23 billion. Spotify Technology had a net margin of 8.46% and a return on equity of 21.68%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.45 EPS. Sell-side analysts forecast that Spotify Technology will post 10.3 EPS for the current fiscal year.

Spotify Technology News Roundup

Here are the key news stories impacting Spotify Technology this week:

• Positive Sentiment: Spotify launched social features — “Listening Activity” and “Request to Jam” — designed to boost real-time sharing and collaboration, which could increase user engagement and retention. Spotify Adds ‘Listening Activity’ and ‘Request to Jam’ features: Here’s how they work
• Positive Sentiment: Spotify lowered criteria for video podcast monetization, broadening creator eligibility — this can expand creator supply and ad/subscription monetization opportunities. Spotify lowers criteria for video podcast monetisation. Check eligibility
• Neutral Sentiment: UBS trimmed its price target from $850 to $800 but kept a Buy rating — still implies significant upside, softening the negative impact of the cut. Benzinga
• Neutral Sentiment: Guggenheim reduced its target to $750 (from $800) while maintaining a Buy — another moderation of expectations rather than a downgrade. Benzinga
• Neutral Sentiment: Analyst-coverage summaries show mixed views across firms; useful to watch consensus revisions for guidance on future price moves. Where Spotify Technology Stands With Analysts
• Negative Sentiment: Cantor Fitzgerald cut its price target from $675 to $615 and moved to a Neutral rating — a clear downgrade signal that likely contributed to downward pressure on the stock. Benzinga

Analyst Ratings Changes

Several research firms recently weighed in on SPOT. Phillip Securities upgraded Spotify Technology from a “hold” rating to a “moderate buy” rating in a report on Monday, November 10th. Barclays reduced their target price on shares of Spotify Technology from $750.00 to $700.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. DZ Bank upgraded shares of Spotify Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. The Goldman Sachs Group downgraded shares of Spotify Technology from a “buy” rating to a “neutral” rating and upped their price target for the company from $765.00 to $770.00 in a report on Tuesday, September 30th. Finally, UBS Group reduced their price objective on shares of Spotify Technology from $850.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Spotify Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $754.90.

About Spotify Technology

Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.