Groupama Asset Managment Decreases Position in Spotify Technology $SPOT

Groupama Asset Managment decreased its position in Spotify Technology (NYSE:SPOT) by 39.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,876 shares of the company’s stock after selling 1,226 shares during the period. Groupama Asset Managment’s holdings in Spotify Technology were worth $910,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Segall Bryant & Hamill LLC purchased a new stake in shares of Spotify Technology in the 1st quarter worth about $466,000. Western Wealth Management LLC acquired a new stake in Spotify Technology in the 1st quarter valued at about $187,000. Hamilton Wealth LLC increased its holdings in Spotify Technology by 100.0% during the 1st quarter. Hamilton Wealth LLC now owns 1,568 shares of the company’s stock valued at $760,000 after acquiring an additional 784 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Spotify Technology by 20.1% during the 1st quarter. Janus Henderson Group PLC now owns 1,711,015 shares of the company’s stock valued at $829,641,000 after acquiring an additional 286,844 shares in the last quarter. Finally, Cim LLC raised its position in Spotify Technology by 83.3% during the first quarter. Cim LLC now owns 38,425 shares of the company’s stock worth $18,633,000 after acquiring an additional 17,464 shares during the last quarter. Institutional investors and hedge funds own 84.09% of the company’s stock.

Spotify Technology Trading Down 4.0%

NYSE:SPOT opened at $501.45 on Friday. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $748.30. The firm has a market cap of $103.24 billion, a price-to-earnings ratio of 39.96, a price-to-earnings-growth ratio of 1.24 and a beta of 1.56. The company’s 50-day moving average is $486.15 and its two-hundred day moving average is $486.45.

Insider Buying and Selling

In other news, CEO Gustav Soderstrom sold 20,833 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $430.72, for a total transaction of $8,973,189.76. Following the transaction, the chief executive officer directly owned 20,492 shares in the company, valued at $8,826,314.24. This represents a 50.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Thomas O. Staggs sold 5,477 shares of Spotify Technology stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $526.00, for a total transaction of $2,880,902.00. Following the completion of the transaction, the director owned 3,619 shares in the company, valued at approximately $1,903,594. This trade represents a 60.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 111,442 shares of company stock worth $54,757,553 in the last three months. 0.40% of the stock is currently owned by insiders.

Key Spotify Technology News

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

• Positive Sentiment: Spotify enters the earnings release with a substantial user base of 761 million monthly active users and 293 million subscribers. Investors will look for continued subscriber additions, low churn and improved monetization. Wall Street projections for Spotify’s second-quarter metrics
• Positive Sentiment: New product initiatives could strengthen Spotify’s long-term growth story, including a “Campaign Lift” measurement tool for advertisers, conversational discovery features, video and audiobooks, and the new User Notes personalization feature. Spotify is also reportedly gaining ground on South Korea’s Melon, suggesting potential international share gains. Spotify adds Campaign Lift to Discovery Mode
• Neutral Sentiment: Analyst sentiment remains broadly constructive: recent reports include buy or overweight ratings, and the median 12-month price target is reported at $610. However, target estimates vary widely, indicating uncertainty around the earnings outlook and valuation. Is Spotify fully valued going into earnings?
• Negative Sentiment: Erste Group Bank lowered its FY2026 EPS forecast to $14.24 from $14.35, below the $14.45 consensus estimate. KeyCorp also reduced its second-quarter earnings estimate and issued a FY2028 forecast, reinforcing concerns about near-term earnings momentum. Analyst estimate changes for Spotify
• Negative Sentiment: A recent analyst target reduction highlighted risks to gross-margin stability, operating-expense growth, advertising momentum and the pace at which AI-driven features generate revenue. Spotify’s product investments may support future growth but could weigh on profitability before producing meaningful returns.
• Negative Sentiment: Insider activity has been one-sided, with 31 reported open-market sales and no purchases over the past six months. Institutional positioning was mixed, with 609 investors adding shares and 677 reducing positions, adding to caution ahead of the report. Why Spotify stock is down today

Wall Street Analyst Weigh In

SPOT has been the topic of several recent research reports. Rosenblatt Securities reduced their price target on shares of Spotify Technology from $534.00 to $531.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th. KeyCorp dropped their price objective on shares of Spotify Technology from $745.00 to $680.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Citizens Jmp lifted their price objective on Spotify Technology from $600.00 to $625.00 and gave the stock a “market outperform” rating in a research report on Friday, May 22nd. The Goldman Sachs Group reduced their target price on Spotify Technology from $670.00 to $600.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. increased their target price on Spotify Technology from $600.00 to $650.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $629.73.

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.