6,294 Spotify Technology $SPOT Shares Sold by Sustainable Growth Advisers LP

Sustainable Growth Advisers LP trimmed its stake in shares of Spotify Technology (NYSE:SPOT) by 42.3% during the third quarter, Holdings Channel.com reports. The firm owned 8,583 shares of the company’s stock after selling 6,294 shares during the period. Sustainable Growth Advisers LP’s holdings in Spotify Technology were worth $4,183,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several research analysts have issued reports on SPOT shares. Guggenheim reaffirmed a “buy” rating and set a $565.00 price objective on shares of Spotify Technology in a report on Wednesday, August 5th. Piper Sandler began coverage on Spotify Technology in a research note on Thursday, October 8th. They issued a “neutral” rating and a $540.00 target price for the company. Wall Street Zen downgraded Spotify Technology from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Rosenblatt Securities dropped their target price on Spotify Technology from $531.00 to $527.00 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Finally, Phillip Securities raised Spotify Technology to a “buy” rating and set a $650.00 price target on the stock in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $610.25.

More Spotify Technology News

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

• Positive Sentiment: Spotify outperformed the broader market in the latest session, suggesting investors may be focusing on its improving profitability and long-term growth prospects ahead of its upcoming earnings report. Why Spotify outpaced the stock market
• Positive Sentiment: Baillie Gifford highlighted Spotify’s potential to benefit from artificial-intelligence-driven personalization and deeper listener insights, which could support engagement, targeting and monetization over time. Spotify AI personalization opportunity
• Positive Sentiment: Expanded Siri functionality in Apple’s iOS 27 makes Spotify easier to control by voice, potentially improving discovery and usage among iPhone customers. Spotify Siri integration
• Neutral Sentiment: StoneX downgraded SPOT to Hold from Buy, citing limited near-term catalysts for revenue per user and higher payments to record labels. The call adds pressure to a stock trading at a premium earnings multiple. StoneX Spotify downgrade
• Neutral Sentiment: Spotify is expected to report earnings soon, but analysts anticipate a decline in earnings and see limited evidence of a likely consensus beat. Investors will focus on margins, subscriber trends and management’s outlook. Spotify earnings expectations
• Negative Sentiment: Reports that lossless audio is disrupting the Spotify desktop application could hurt customer satisfaction and complicate the rollout of a higher-quality service. Spotify lossless audio issues
• Negative Sentiment: CEO Gustav Söderström sold approximately $11.1 million of shares, reducing his direct holdings by more than half. The filing says the sale covered tax withholding on vested equity awards, which limits—but does not eliminate—the negative signaling effect. Spotify CEO SEC filing

Spotify Technology Stock Up 1.7%

NYSE:SPOT opened at $532.69 on Friday. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $696.95. The stock’s fifty day simple moving average is $521.34 and its 200-day simple moving average is $495.34. The firm has a market capitalization of $109.67 billion, a P/E ratio of 33.17, a P/E/G ratio of 1.61 and a beta of 1.61.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings data on Tuesday, August 4th. The company reported $3.03 EPS for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.13). Spotify Technology had a net margin of 18.44% and a return on equity of 41.39%. The company had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter in the prior year, the company posted ($0.42) EPS. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, equities research analysts expect that Spotify Technology will post 13.77 earnings per share for the current year.

Insider Transactions at Spotify Technology

In other news, CEO Alex Norström sold 5,436 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $502.10, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,913 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $544.19, for a total value of $11,380,645.47. Following the transaction, the chief executive officer owned 20,025 shares of the company’s stock, valued at $10,897,404.75. The trade was a 51.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 68,092 shares of company stock worth $35,762,410. Company insiders own 0.40% of the company’s stock.

About Spotify Technology

Spotify Technology SA is a global audio streaming company that operates the Spotify platform. The service provides users with access to a broad catalog of music, podcasts and audiobooks, along with personalized recommendations, playlists and other discovery features.

Spotify offers a subscription-based Premium service with enhanced listening features, as well as an ad-supported service available at no direct cost to users. The company generates revenue primarily through Premium subscriptions and advertising, including audio, video and display advertising delivered across its platform.

Founded in 2006 by Daniel Ek and Martin Lorentzon, Spotify is headquartered in Stockholm, Sweden, and serves listeners, creators, advertisers and other partners across markets worldwide.