BTG Pactual Asset Management US LLC Has $2.33 Million Position in Spotify Technology $SPOT

BTG Pactual Asset Management US LLC raised its holdings in Spotify Technology (NYSE:SPOT) by 78.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,069 shares of the company’s stock after buying an additional 2,236 shares during the quarter. BTG Pactual Asset Management US LLC’s holdings in Spotify Technology were worth $2,327,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pin Oak Investment Advisors Inc. bought a new stake in Spotify Technology in the second quarter valued at about $27,000. Portus Wealth Advisors LLC bought a new position in Spotify Technology during the first quarter worth about $32,000. Kemnay Advisory Services Inc. bought a new position in Spotify Technology during the fourth quarter worth about $32,000. Whipplewood Advisors LLC boosted its holdings in 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 purchasing an additional 55 shares in the last quarter. Finally, Palladiem LLC acquired a new stake in Spotify Technology during the first quarter valued at approximately $34,000. 84.09% of the stock is owned by institutional investors.

Insider Buying and Selling at Spotify Technology

In other news, CEO Gustav Soderstrom sold 20,833 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $496.52, for a total value of $10,344,001.16. Following the completion of the sale, the chief executive officer directly owned 20,376 shares in the company, valued at approximately $10,117,091.52. This trade represents a 50.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Alex Norstrom sold 5,436 shares of Spotify Technology stock in a transaction dated Monday, August 3rd. The shares were 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 of the company’s stock, valued at $33,526,723.30. This represents a 7.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 73,371 shares of company stock valued at $36,222,251. Corporate insiders own 0.40% of the company’s stock.

Key Headlines Impacting Spotify Technology

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

• Positive Sentiment: A bullish analysis argues that Spotify’s improving fundamentals and stock price well below last year’s peak could create substantial upside through 2030. The thesis highlights a potential disconnect between the company’s operating performance and its valuation, despite Spotify’s latest quarterly revenue rising 13.9% year over year. Prediction: Spotify Stock Could Be a Monster Winner by 2030
• Positive Sentiment: Spotify launched Premium Early Access in India, giving paying subscribers earlier access to releases from prominent artists including Badshah and Harrdy Sandhu. The initiative could improve premium-user engagement, strengthen Spotify’s position in India and support future monetization in a large growth market. Spotify launches Premium Early Access in India
• Neutral Sentiment: A discussion of Sweden’s startup ecosystem provides broader technology-sector context but does not announce a material change to Spotify’s operations, financial outlook or valuation. How Sweden built one of Europe’s hottest startup ecosystems
• Negative Sentiment: Spotify’s ad-skipping feature is raising questions about the company’s podcast strategy. Although it may improve the listener experience, easier avoidance of podcast ads could reduce advertising value or complicate revenue sharing for creators and Spotify. Spotify Ad-Skipping Feature Blurs Company Impact On Podcasting

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SPOT shares. UBS Group dropped their target price on Spotify Technology from $735.00 to $690.00 and set a “buy” rating for the company in a report on Friday, July 10th. Cantor Fitzgerald boosted their price target on Spotify Technology from $510.00 to $530.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Wall Street Zen lowered Spotify Technology from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Rosenblatt Securities cut their price objective on Spotify Technology from $531.00 to $527.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Finally, Guggenheim reissued a “buy” rating and set a $565.00 price objective on shares of Spotify Technology in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $609.05.

Spotify Technology Trading Up 0.2%

NYSE SPOT opened at $548.35 on Monday. Spotify Technology has a 1-year low of $405.00 and a 1-year high of $745.00. The company has a 50 day moving average of $493.67 and a 200-day moving average of $489.23. The firm has a market cap of $112.89 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 1.34 and a beta of 1.58.

Spotify Technology (NYSE:SPOT) last announced its earnings results on Tuesday, August 4th. The company reported $3.03 EPS for the quarter, missing the consensus estimate of $3.16 by ($0.13). The business had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.47 billion. Spotify Technology had a return on equity of 41.39% and a net margin of 18.44%.The firm’s revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.42) earnings per share. On average, analysts forecast that Spotify Technology will post 14.3 earnings per share for the current year.

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.