Forsta AP Fonden Has $856.21 Million Stake in Spotify Technology $SPOT

Forsta AP Fonden raised its position in Spotify Technology (NYSE:SPOT) by 1.2% in the 4th quarter, Holdings Channel reports. The firm owned 1,474,412 shares of the company’s stock after buying an additional 18,160 shares during the period. Spotify Technology accounts for approximately 5.1% of Forsta AP Fonden’s investment portfolio, making the stock its 4th biggest holding. Forsta AP Fonden’s holdings in Spotify Technology were worth $856,206,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Spotify Technology in the fourth quarter valued at approximately $711,460,000. Zweig DiMenna Associates LLC boosted its holdings in Spotify Technology by 99.8% during the fourth quarter. Zweig DiMenna Associates LLC now owns 28,235 shares of the company’s stock worth $16,396,000 after purchasing an additional 14,100 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in Spotify Technology during the fourth quarter worth $1,440,000. Triglav Investments D.O.O. boosted its holdings in Spotify Technology by 50.0% during the fourth quarter. Triglav Investments D.O.O. now owns 6,000 shares of the company’s stock worth $3,484,000 after purchasing an additional 2,000 shares during the last quarter. Finally, National Pension Service acquired a new position in Spotify Technology during the fourth quarter worth $316,278,000. Institutional investors own 84.09% of the company’s stock.

Insider Buying and Selling

In other news, Director Thomas O. Staggs sold 5,477 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $526.00, for a total value of $2,880,902.00. Following the transaction, the director directly owned 3,619 shares of the company’s stock, valued at $1,903,594. This represents a 60.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sven Hans Martin Lorentzon sold 35,380 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $525.73, for a total transaction of $18,600,327.40. Following the completion of the transaction, the director directly owned 6,383 shares in the company, valued at $3,355,734.59. The trade was a 84.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 90,609 shares of company stock valued at $44,303,507. 0.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on SPOT shares. Benchmark reduced their target price on shares of Spotify Technology from $760.00 to $695.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Rosenblatt Securities increased their target price on shares of Spotify Technology from $500.00 to $534.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Morgan Stanley increased their target price on shares of Spotify Technology from $590.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. JPMorgan Chase & Co. increased their price target on shares of Spotify Technology from $600.00 to $650.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. Finally, Citigroup upgraded shares of Spotify Technology from a “neutral” rating to a “buy” rating and set a $650.00 price target for the company in a research note on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $655.92.

Spotify Technology News Summary

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

• Positive Sentiment: Spotify’s new paid AI remix and cover tools, developed with Universal Music Group, could create a fresh revenue stream while keeping artists involved through revenue sharing. Article: Spotify, UMG Deal Sets Up Paid AI Music Remix Tool
• Positive Sentiment: The company is also expanding its platform with “Reserved by Spotify” concert-ticket access and narrated long-form audio, which could deepen user engagement and improve Premium subscriber value. Article: Spotify Tests Superfan Tickets And Narrated Articles To Deepen Engagement
• Positive Sentiment: Recent commentary highlighted that Spotify’s broader AI and audio expansion strategy is helping investors view the company as more than just a music streamer. Article: Why Spotify Technology (SPOT) Is Up 5.5% After Launching Paid AI Remixes And Superfan Tools
• Neutral Sentiment: Analysts remain generally constructive, but recent price-target changes and mixed ratings suggest the market is still weighing execution risk against long-term growth potential. Article: Spotify Technology S.A. (SPOT) Gains Attention Following AI Remix Collaboration With Universal Music Group
• Negative Sentiment: Recent insider sales by directors, including Thomas Staggs and Christopher Marshall, may pressure sentiment because investors often view heavy insider selling cautiously. SEC filing for insider sale SEC filing for insider sale
• Negative Sentiment: A shareholder law firm is investigating potential securities-law issues at Spotify, adding a legal overhang for the stock. Article: SPOT Investors Have Opportunity to Join Spotify Technology S.A. Fraud Investigation

Spotify Technology Price Performance

Shares of SPOT opened at $496.41 on Friday. The firm has a market capitalization of $102.20 billion, a PE ratio of 39.55, a PEG ratio of 1.26 and a beta of 1.55. The company’s 50-day moving average is $479.44 and its 200-day moving average is $519.98. Spotify Technology has a fifty-two week low of $405.00 and a fifty-two week high of $785.00.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $4.04 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.63. The company had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.23 billion. Spotify Technology had a net margin of 15.56% and a return on equity of 35.73%. The company’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.07 earnings per share. Analysts predict that Spotify Technology will post 14.72 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.