RPg Family Wealth Advisory LLC Grows Holdings in Spotify Technology $SPOT

RPg Family Wealth Advisory LLC grew its holdings in shares of Spotify Technology (NYSE:SPOT) by 57.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,008 shares of the company’s stock after buying an additional 6,900 shares during the period. Spotify Technology accounts for approximately 2.4% of RPg Family Wealth Advisory LLC’s holdings, making the stock its 5th biggest position. RPg Family Wealth Advisory LLC’s holdings in Spotify Technology were worth $11,038,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Spotify Technology during the 3rd quarter valued at $26,000. JPL Wealth Management LLC bought a new stake in shares of Spotify Technology during the 3rd quarter valued at $35,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Spotify Technology during the 4th quarter valued at $35,000. Wilmington Savings Fund Society FSB boosted its holdings in shares of Spotify Technology by 85.7% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 65 shares of the company’s stock valued at $38,000 after buying an additional 30 shares in the last quarter. Finally, Kozak & Associates Inc. boosted its holdings in shares of Spotify Technology by 1,700.0% during the 4th quarter. Kozak & Associates Inc. now owns 72 shares of the company’s stock valued at $39,000 after buying an additional 68 shares in the last quarter. Institutional investors own 84.09% of the company’s stock.

Insider Activity

In other news, CEO Gustav Soderstrom sold 20,833 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $496.52, for a total transaction of $10,344,001.16. Following the completion of the sale, the chief executive officer owned 20,376 shares of the company’s stock, valued at $10,117,091.52. This represents a 50.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sven Hans Martin Lorentzon sold 35,380 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $525.73, for a total transaction of $18,600,327.40. Following the sale, the director directly owned 6,383 shares of the company’s stock, valued at $3,355,734.59. The trade was a 84.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 111,442 shares of company stock worth $54,647,508. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Daiwa Securities Group assumed coverage on shares of Spotify Technology in a report on Thursday, March 26th. They set an “outperform” rating and a $535.00 target price on the stock. UBS Group dropped their target price on shares of Spotify Technology from $760.00 to $735.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Morgan Stanley boosted their target price on shares of Spotify Technology from $590.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Barclays boosted their target price on shares of Spotify Technology from $500.00 to $565.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Finally, Guggenheim dropped their target price on shares of Spotify Technology from $600.00 to $565.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $655.92.

Spotify Technology Stock Performance

Shares of NYSE:SPOT opened at $480.77 on Friday. Spotify Technology has a fifty-two week low of $405.00 and a fifty-two week high of $785.00. The firm has a market cap of $98.98 billion, a price-to-earnings ratio of 38.31, a price-to-earnings-growth ratio of 1.19 and a beta of 1.56. The business has a 50-day simple moving average of $482.76 and a two-hundred day simple moving average of $510.88.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings results on Tuesday, April 28th. The company reported $4.04 EPS for the quarter, beating the consensus estimate of $3.41 by $0.63. Spotify Technology had a net margin of 15.56% and a return on equity of 35.73%. The firm had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same quarter in the prior year, the firm earned $1.07 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, research analysts predict that Spotify Technology will post 14.71 earnings per share for the current year.

Spotify Technology News Summary

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

• Positive Sentiment: Spotify’s Investor Day emphasized long-term growth targets focused on increasing subscriber conversion and strengthening its broader brand and AI-driven strategy, which investors viewed favorably. Spotify’s “North Star” Outlook Was Music to Investors Ears
• Positive Sentiment: Spotify also brought in a new head of PR and communications, signaling a stronger focus on reputation management and clearer messaging as it expands its content and AI initiatives. Will Spotify (SPOT) Elevate Its Brand Narrative As AI Strategy Deepens Under New PR Leadership?
• Neutral Sentiment: Spotify reversed its iPhone app icon change after user backlash, a small brand-related issue that is unlikely to materially affect fundamentals. Spotify reverts iPhone app icon to original after disco-ball backlash
• Negative Sentiment: Several analysts trimmed earnings estimates slightly, including Erste Group Bank lowering FY2026 and FY2027 EPS forecasts, which adds a modest headwind to sentiment. Spotify Technology (SPOT) analyst estimate updates
• Negative Sentiment: Recent trading has also reflected broader weakness, with SPOT sliding in the latest sessions even as the market rose, suggesting investors are still cautious after a strong run. Spotify (SPOT) Stock Slides as Market Rises: Facts to Know Before You Trade

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.