Spotify Technology $SPOT Stock: One Way Holdings LLC Cuts Holdings

One Way Holdings LLC trimmed its holdings in Spotify Technology (NYSE:SPOT) by 98.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 766 shares of the company’s stock after selling 36,781 shares during the quarter. One Way Holdings LLC’s holdings in Spotify Technology were worth $373,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Cantillon Capital Management LLC purchased a new stake in shares of Spotify Technology in the first quarter valued at approximately $213,047,000. Southpoint Capital Advisors LP purchased a new position in Spotify Technology during the first quarter worth approximately $193,964,000. Principal Financial Group Inc. lifted its position in Spotify Technology by 53.4% during the first quarter. Principal Financial Group Inc. now owns 989,667 shares of the company’s stock worth $479,899,000 after buying an additional 344,471 shares in the last quarter. Tiger Global Management LLC lifted its position in Spotify Technology by 25.3% during the first quarter. Tiger Global Management LLC now owns 1,580,761 shares of the company’s stock worth $766,527,000 after buying an additional 319,300 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Spotify Technology by 20.1% during the first quarter. Janus Henderson Group PLC now owns 1,711,015 shares of the company’s stock worth $829,641,000 after buying an additional 286,844 shares during the last quarter. 84.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on SPOT shares. Argus restated a “buy” rating and issued a $600.00 target price on shares of Spotify Technology in a report on Thursday, August 13th. Oppenheimer raised their target price on Spotify Technology from $550.00 to $650.00 and gave the stock an “outperform” rating in a research note on Friday, October 23rd. Zacks Research lowered Spotify Technology from a “hold” rating to a “strong sell” rating in a report on Thursday, October 22nd. TD Cowen reissued a “hold” rating and set a $525.00 price target on shares of Spotify Technology in a research report on Friday, October 23rd. Finally, Morgan Stanley boosted their price target on shares of Spotify Technology from $640.00 to $700.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $620.07.

Spotify Technology Price Performance

Shares of NYSE SPOT opened at $593.36 on Tuesday. The company has a 50 day simple moving average of $531.87 and a 200-day simple moving average of $498.51. The company has a market capitalization of $122.16 billion, a P/E ratio of 39.34, a P/E/G ratio of 1.66 and a beta of 1.61. Spotify Technology has a 1 year low of $405.00 and a 1 year high of $668.49.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings results on Thursday, October 22nd. The company reported $2.81 EPS for the quarter, missing the consensus estimate of $3.18 by ($0.37). Spotify Technology had a net margin of 15.74% and a return on equity of 35.64%. The firm had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.64 billion. During the same period in the previous year, the firm posted $3.28 EPS. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. As a group, research analysts expect that Spotify Technology will post 13.66 EPS for the current year.

Insider Transactions at Spotify Technology

In other Spotify Technology news, CEO Gustav Söderström sold 20,910 shares of the firm’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $530.13, for a total transaction of $11,085,018.30. Following the completion of the sale, the chief executive officer owned 19,908 shares of the company’s stock, valued at $10,553,828.04. This trade represents a 51.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.40% of the stock is currently owned by company insiders.

Key Spotify Technology News

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

• Positive Sentiment: Subscriber growth and sector read-through supported the rally. Spotify gained 33% over six months, while a subscription beat from Universal Music provided a favorable read-across for the streaming industry. Spotify’s latest quarterly results also showed 6 million new premium subscribers—1 million above guidance—alongside 16% revenue growth and 15% operating-income growth. Spotify Is Up 33% in Six Months: Take Profits, or Buy More?
• Positive Sentiment: AI and international expansion offer additional growth avenues. Spotify reportedly plans to launch an AI music remix service within months and is emphasizing artist-led music as listening habits evolve in India. These initiatives could increase engagement, broaden Spotify’s product offering and support future monetization, although the financial impact remains unproven. Spotify to launch AI music remix service
• Neutral Sentiment: Analyst valuation remains constructive but not decisive. Spotify’s average price target is reported at $620.07, modestly above the recent trading level. Comparisons with Reddit are also prompting investors to reassess relative value among internet and software stocks, without establishing a clear new catalyst for SPOT. Spotify stock average price target
• Neutral Sentiment: A new podcast, The Top Five News, is now available on Spotify and Apple Podcasts. The launch adds content to Spotify’s catalog but is unlikely to materially affect near-term revenue or valuation. The Top Five News Show launches on Spotify
• Negative Sentiment: Valuation and earnings execution are key risks. Spotify trades at a high earnings multiple after its substantial advance. Its latest EPS of $2.81 missed the $3.18 consensus estimate, even though revenue was broadly in line, increasing the risk that investors take profits if growth slows or expectations rise further. Spotify Q3 report analysis

Spotify Technology Profile

Spotify Technology SA is an audio streaming company that operates the Spotify platform, offering users access to music, podcasts and audiobooks through internet-connected devices. Its catalog includes licensed recordings from music labels and artists, as well as podcasts and other audio content from creators and publishers.

Spotify provides both an ad-supported service and subscription-based Premium plans. Premium subscribers generally receive ad-free listening and additional features, while the advertising-supported service allows users to access content without a paid subscription.