Resona Asset Management Co. Ltd. Sells 1,247 Shares of Spotify Technology $SPOT

Resona Asset Management Co. Ltd. lowered its holdings in Spotify Technology (NYSE:SPOT) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,467 shares of the company’s stock after selling 1,247 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Spotify Technology were worth $22,919,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Gables Capital Management Inc. raised its position in shares of Spotify Technology by 349.1% in the fourth quarter. Gables Capital Management Inc. now owns 1,428 shares of the company’s stock valued at $829,000 after purchasing an additional 1,110 shares during the period. Csenge Advisory Group raised its position in shares of Spotify Technology by 2.7% in the fourth quarter. Csenge Advisory Group now owns 3,235 shares of the company’s stock valued at $1,879,000 after purchasing an additional 84 shares during the period. ProShare Advisors LLC raised its position in shares of Spotify Technology by 36.2% in the fourth quarter. ProShare Advisors LLC now owns 508 shares of the company’s stock valued at $295,000 after purchasing an additional 135 shares during the period. Verde Capital Management raised its position in shares of Spotify Technology by 3.0% in the fourth quarter. Verde Capital Management now owns 5,137 shares of the company’s stock valued at $2,983,000 after purchasing an additional 151 shares during the period. Finally, WD Rutherford LLC bought a new stake in shares of Spotify Technology during the 4th quarter valued at $457,000. Institutional investors own 84.09% of the company’s stock.

Key Stories Impacting Spotify Technology

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

• Positive Sentiment: Erste Group Bank raised its FY2026 and FY2027 earnings estimates for Spotify, signaling improving profit expectations and reinforcing the view that the company can deliver stronger earnings than the current consensus.
• Positive Sentiment: Spotify announced it will host an Investor Day on May 21, which could provide catalysts if management outlines better margin, subscriber, or monetization trends. Spotify Technology S.A. to Host Investor Day 2026
• Positive Sentiment: The company introduced podcast-related product updates, including banning AI-generated podcasts and adding verified badges, which may help improve content quality and trust on the platform. Spotify bans AI-generated podcasts & adds verified badges for podcasts
• Positive Sentiment: Spotify also said it is adopting Apple video podcast technology, a move that could enhance its podcast offering and support engagement over time. Spotify adopts Apple video podcast technology
• Neutral Sentiment: Spotify’s temporary 20th-anniversary app icon and related logo chatter look like branding noise rather than a fundamental business driver. Spotify’s disco ball icon is ugly. You looked!
• Negative Sentiment: Pomerantz LLP said it is investigating claims on behalf of Spotify investors, adding a legal uncertainty that can weigh on sentiment even before any formal complaint is filed. Investor alert: Pomerantz law firm investigates Spotify

Wall Street Analysts Forecast Growth

SPOT has been the topic of a number of analyst reports. Barclays decreased their price objective on Spotify Technology from $600.00 to $500.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Wall Street Zen lowered Spotify Technology from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Wells Fargo & Company decreased their price objective on Spotify Technology from $640.00 to $580.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Moffett Nathanson started coverage on Spotify Technology in a research note on Tuesday, January 27th. They set a “neutral” rating and a $487.00 price objective on the stock. Finally, Citigroup raised shares of Spotify Technology from a “neutral” rating to a “buy” rating and set a $650.00 target price on the stock in a report on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $645.77.

Insider Transactions at Spotify Technology

In other Spotify Technology news, CEO Gustav Soderstrom sold 20,833 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $473.52, for a total value of $9,864,842.16. Following the transaction, the chief executive officer directly owned 20,609 shares in the company, valued at $9,758,773.68. This represents a 50.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Alex Norstrom sold 5,436 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $479.51, for a total transaction of $2,606,616.36. Following the completion of the transaction, the chief executive officer directly owned 69,989 shares in the company, valued at $33,560,425.39. The trade was a 7.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 47,102 shares of company stock worth $21,444,648 over the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Spotify Technology Stock Down 1.0%

Shares of NYSE SPOT opened at $440.64 on Wednesday. The firm has a market capitalization of $90.72 billion, a P/E ratio of 35.11, a P/E/G ratio of 1.07 and a beta of 1.55. The stock’s 50-day simple moving average is $482.76 and its two-hundred day simple moving average is $526.62. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $785.00.

Spotify Technology (NYSE:SPOT) last announced its earnings results on Tuesday, April 28th. The company reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.63. The business had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.23 billion. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 EPS. As a group, research analysts anticipate that Spotify Technology will post 14.88 EPS for the current fiscal 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.