Envestnet Asset Management Inc. Cuts Position in Spotify Technology $SPOT

Envestnet Asset Management Inc. reduced its stake in shares of Spotify Technology (NYSE:SPOT) by 16.4% in the third quarter, HoldingsChannel reports. The firm owned 500,789 shares of the company’s stock after selling 98,142 shares during the period. Envestnet Asset Management Inc.’s holdings in Spotify Technology were worth $349,551,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Knuff & Co LLC bought a new stake in shares of Spotify Technology in the 2nd quarter valued at about $27,000. Heartwood Wealth Advisors LLC purchased a new stake in Spotify Technology during the third quarter valued at approximately $27,000. Greykasell Wealth Strategies Inc. boosted its stake in Spotify Technology by 3,800.0% in the third quarter. Greykasell Wealth Strategies Inc. now owns 39 shares of the company’s stock valued at $27,000 after acquiring an additional 38 shares in the last quarter. Total Investment Management Inc. purchased a new position in Spotify Technology in the second quarter worth $29,000. Finally, Westfuller Advisors LLC purchased a new stake in shares of Spotify Technology during the 3rd quarter valued at $29,000. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Spotify Technology News Summary

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

• Positive Sentiment: Spotify rolled out offline lyrics and expanded translation options — a feature set that should boost engagement and retention across markets, supporting longer-term ARPU and ad inventory value. Spotify Adds Offline Lyrics and Expands Global Translation Features
• Positive Sentiment: Analysts and media pieces highlight Spotify’s improving profitability (expanded gross margins, record free cash flow) and strategic moves (Discovery Mode, pricing power, podcast/audiobook bundles) that position it as a higher-margin audio utility — a bullish fundamental case for investors. The Sound of Money: How Spotify Turned Audio Into Profit Power
• Positive Sentiment: Zacks included SPOT among internet names likely to top estimates this earnings season, which supports the view that Spotify could deliver an earnings beat next week. 4 Internet Stocks Poised to Top Estimates This Earnings Season
• Positive Sentiment: Pre-earnings coverage reiterates Street expectations for earnings growth, keeping upside tied to a clean print on Feb. 10. That sets up a potential catalyst to reverse short-term weakness. Spotify (SPOT) Reports Next Week: Wall Street Expects Earnings Growth
• Neutral Sentiment: Calendar/earnings reminders — several outlets note Spotify’s upcoming quarterly report and company updates; these are event-driven items that can increase volatility but are informational until results arrive. Spotify Technology (SPOT) to Release Quarterly Earnings on Tuesday
• Neutral Sentiment: Coverage noting SPOT has recently outpaced market gains provides context that the stock has momentum pockets; useful background but not a direct driver today. Spotify (SPOT) outpaces stock market gains: What you should know
• Negative Sentiment: Concerns about substitutes resurfaced in a user story about self-hosting music, a reminder that niche alternatives exist and negative press can amplify short-term sentiment moves even if they affect few users. I finally fired Spotify and built my own music server for $0 a month
• Negative Sentiment: Key near-term drag: conservative Q4 guidance and currency headwinds (strong euro vs. dollar) flagged in recent analysis—this is the main reason investors have pulled back despite improving underlying metrics. The Sound of Money: How Spotify Turned Audio Into Profit Power

Wall Street Analyst Weigh In

SPOT has been the subject of a number of research analyst reports. The Goldman Sachs Group upgraded Spotify Technology from a “neutral” rating to a “buy” rating and decreased their price target for the company from $735.00 to $700.00 in a research note on Friday, January 23rd. Wall Street Zen upgraded shares of Spotify Technology from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Citizens Jmp started coverage on shares of Spotify Technology in a research report on Wednesday, December 17th. They set a “market outperform” rating and a $800.00 target price on the stock. Guggenheim lowered their price objective on shares of Spotify Technology from $800.00 to $750.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Finally, Pivotal Research cut their target price on Spotify Technology from $900.00 to $875.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $727.71.

Spotify Technology Stock Performance

NYSE:SPOT opened at $440.50 on Thursday. The firm’s fifty day moving average is $551.94 and its two-hundred day moving average is $632.12. The firm has a market cap of $90.69 billion, a price-to-earnings ratio of 69.26, a PEG ratio of 0.90 and a beta of 1.66. Spotify Technology has a one year low of $438.71 and a one year high of $785.00.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $3.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $1.96. The company had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.23 billion. Spotify Technology had a return on equity of 21.68% and a net margin of 8.46%.Spotify Technology’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 earnings per share. As a group, equities research analysts predict that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Spotify Technology 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.