Spotify Technology $SPOT Holdings Raised by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its stake in Spotify Technology (NYSE:SPOT) by 456.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 63,311 shares of the company’s stock after purchasing an additional 51,926 shares during the quarter. NewEdge Advisors LLC’s holdings in Spotify Technology were worth $30,700,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Portus Wealth Advisors LLC purchased a new stake in Spotify Technology during the first quarter valued at about $32,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Spotify Technology during the fourth quarter valued at approximately $32,000. Whipplewood Advisors LLC raised its holdings in shares of Spotify Technology by 423.1% during the first quarter. Whipplewood Advisors LLC now owns 68 shares of the company’s stock valued at $33,000 after acquiring an additional 55 shares during the period. Palladiem LLC purchased a new stake in shares of Spotify Technology in the 1st quarter valued at approximately $34,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Spotify Technology in the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 84.09% of the company’s stock.

More Spotify Technology News

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

• Positive Sentiment: Spotify surpassed 300 million Premium subscribers and reported 777 million monthly active users, up 12% year over year. Revenue increased 14% to approximately €4.78 billion, while net income reached €545 million, a significant improvement from the prior-year loss. Spotify now has over 300 million subscribers
• Positive Sentiment: Management forecast third-quarter revenue of roughly €5.0 billion and operating income of €670 million. Record margins, subscriber gains and stronger cash flow reinforce the long-term profitability argument. Spotify Q2 strengthens the long-term story
• Positive Sentiment: Wall Street remains broadly constructive. Guggenheim assigned a Buy rating with a $565 target, while Cantor Fitzgerald raised its price objective to $530, supporting the view that SPOT has further appreciation potential.
• Neutral Sentiment: Spotify is expanding AI features, including personalized podcasts in Germany that can use calendar and email information with user permission, as well as tools for fan-made covers and remixes. These initiatives could improve engagement and monetization but may increase costs and raise privacy concerns. Spotify plans AI podcasts for Germany
• Negative Sentiment: Despite beating headline revenue and earnings estimates, adjusted second-quarter earnings reportedly came in below consensus because higher marketing, cloud and AI expenses offset operational gains. Third-quarter profit guidance also fell short of investor expectations. Spotify Q2 earnings miss
• Negative Sentiment: Third-quarter guidance for 788 million monthly active users implies a marked slowdown in user growth, particularly in North America and Europe. Investors appear to be demanding faster growth and stronger near-term monetization, explaining the initial post-earnings pressure despite the quarterly beat.
• Negative Sentiment: Co-CEO Gustav Soderstrom sold 20,833 shares and CEO Alex Norstrom sold 5,436 shares to cover tax withholding on vested equity awards. Because the transactions were tax-related, their negative signaling value is limited, but the insider selling remains a near-term overhang. Spotify co-CEO stock sale

Insider Buying and Selling at Spotify Technology

In other Spotify Technology news, Director Christopher P. Marshall sold 2,650 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $519.86, for a total value of $1,377,629.00. Following the transaction, the director owned 4,039 shares in the company, valued at $2,099,714.54. The trade was a 39.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Alex Norstrom sold 5,436 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $502.10, for a total value of $2,729,415.60. Following the completion of the transaction, the chief executive officer directly owned 66,773 shares in the company, valued at approximately $33,526,723.30. The trade was a 7.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 116,878 shares of company stock valued at $59,081,110 in the last quarter. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

SPOT has been the topic of several research analyst reports. Morgan Stanley lifted their price objective on shares of Spotify Technology from $590.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. UBS Group decreased their target price on Spotify Technology from $735.00 to $690.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Wells Fargo & Company dropped their price target on Spotify Technology from $600.00 to $570.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Guggenheim reissued a “buy” rating and issued a $565.00 price objective on shares of Spotify Technology in a research note on Wednesday. Finally, Canaccord Genuity Group decreased their price objective on Spotify Technology from $750.00 to $720.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $630.00.

Spotify Technology Stock Up 3.1%

Shares of NYSE:SPOT opened at $489.90 on Friday. The firm has a fifty day moving average of $483.03 and a two-hundred day moving average of $485.12. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $748.30. The firm has a market capitalization of $100.86 billion, a P/E ratio of 30.50, a price-to-earnings-growth ratio of 1.16 and a beta of 1.58.

Spotify Technology Company Profile

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.