Quadrant Capital Group LLC Acquires 1,314 Shares of Spotify Technology $SPOT

Quadrant Capital Group LLC lifted its holdings in shares of Spotify Technology (NYSE:SPOT) by 94.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,699 shares of the company’s stock after purchasing an additional 1,314 shares during the period. Quadrant Capital Group LLC’s holdings in Spotify Technology were worth $1,424,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its stake in Spotify Technology by 20.1% in the first quarter. Janus Henderson Group PLC now owns 1,711,015 shares of the company’s stock valued at $829,641,000 after buying an additional 286,844 shares during the period. Tiger Global Management LLC grew its position in shares of Spotify Technology by 25.3% during the 1st quarter. Tiger Global Management LLC now owns 1,580,761 shares of the company’s stock worth $766,527,000 after buying an additional 319,300 shares during the period. Amundi grew its position in shares of Spotify Technology by 20.0% during the 1st quarter. Amundi now owns 1,104,484 shares of the company’s stock worth $535,575,000 after buying an additional 183,994 shares during the period. Principal Financial Group Inc. grew its position in shares of Spotify Technology by 53.4% during the 1st quarter. Principal Financial Group Inc. now owns 989,667 shares of the company’s stock worth $479,899,000 after buying an additional 344,471 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Spotify Technology by 1.8% in the 1st quarter. Sei Investments Co. now owns 749,495 shares of the company’s stock valued at $363,415,000 after acquiring an additional 13,381 shares in the last quarter. Institutional investors and hedge funds own 84.09% of the company’s stock.

Insider Buying and Selling at Spotify Technology

In other news, CEO Gustav Söderström sold 20,913 shares of Spotify Technology stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $544.19, for a total transaction of $11,380,645.47. Following the completion of the transaction, the chief executive officer directly owned 20,025 shares in the company, valued at $10,897,404.75. This trade represents a 51.08% decrease in their ownership of the stock. The sale 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 Alex Norström 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 transaction of $2,729,415.60. Following the transaction, the chief executive officer 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 90 days, insiders have sold 68,092 shares of company stock worth $35,762,410. Corporate insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

SPOT has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of Spotify Technology from $640.00 to $700.00 and gave the company an “overweight” rating in a research report on Friday. Piper Sandler restated a “neutral” rating and issued a $580.00 price target (up from $540.00) on shares of Spotify Technology in a report on Friday. Wall Street Zen downgraded shares of Spotify Technology from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Wells Fargo & Company lifted their price target on shares of Spotify Technology from $570.00 to $660.00 and gave the company an “overweight” rating in a research note on Friday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Spotify Technology from $650.00 to $700.00 and gave the company an “overweight” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $620.07.

Spotify Technology Stock Up 0.0%

NYSE SPOT opened at $583.84 on Friday. Spotify Technology has a 52 week low of $405.00 and a 52 week high of $676.67. The business has a 50 day moving average price of $526.60 and a 200-day moving average price of $497.87. The company has a market cap of $120.20 billion, a price-to-earnings ratio of 38.72, a P/E/G ratio of 1.81 and a beta of 1.61.

Spotify Technology (NYSE:SPOT) last issued its earnings results on Tuesday, August 4th. The company reported $3.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.13). Spotify Technology had a return on equity of 36.15% and a net margin of 15.74%. The firm 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 business earned ($0.42) earnings per share. Spotify Technology’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, equities research analysts anticipate that Spotify Technology will post 13.64 earnings per share for the current year.

Spotify Technology News Roundup

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

• Positive Sentiment: Spotify reported 306 million premium subscribers in the third quarter, up 9% year over year and 1 million above its guidance. Monthly active users rose 11% to 788 million, with growth across all regions. Spotify Stock Jumps as Subscriber Growth Beats Expectations
• Positive Sentiment: Revenue increased roughly 16% year over year to about €4.97 billion, while gross margin expanded 140 basis points to 33% and operating income exceeded company guidance. Spotify expects fourth-quarter operating profit above Wall Street expectations and projects revenue of approximately €6.0 billion. Spotify forecasts fourth-quarter profit above estimates on AI bets
• Positive Sentiment: Management highlighted AI-powered personalization, including its “taste model,” as a way to increase listening, reduce churn and support pricing power. It also expects moderating expenses and continued margin expansion, with long-term targets of more than 20% operating margin and 35%–40% gross margin by 2030. Spotify Soars After Earnings as the Company Touts AI Benefits and Moderating Costs
• Positive Sentiment: Several analysts raised their targets following the results. Morgan Stanley and JPMorgan lifted targets to $700 with overweight ratings, while Wells Fargo, Barclays, Oppenheimer and Guggenheim also raised targets to $650–$660. Spotify Analysts Raise Their Forecasts Following Q3 Earnings
• Neutral Sentiment: Spotify’s headline results were mixed: quarterly EPS of roughly $2.78–$2.85 missed consensus near $3.10–$3.18, while revenue was slightly below estimates. Piper Sandler maintained a neutral rating with a $580 target, and Cantor Fitzgerald maintained neutral at $550.
• Negative Sentiment: TD Cowen reaffirmed a hold rating with a $525 price target, and some newly raised targets remain below the current market valuation, signaling concerns that much of the subscriber and AI optimism may already be reflected in SPOT shares.

Spotify Technology Profile

Spotify Technology SA is an audio streaming company that operates the Spotify platform, offering users access to music, podcasts and audiobooks through internet-connected devices. Its catalog includes licensed recordings from music labels and artists, as well as podcasts and other audio content from creators and publishers.

Spotify provides both an ad-supported service and subscription-based Premium plans. Premium subscribers generally receive ad-free listening and additional features, while the advertising-supported service allows users to access content without a paid subscription.