Loftus Peak Pty Ltd Buys 5,961 Shares of Spotify Technology $SPOT

Loftus Peak Pty Ltd raised its stake in Spotify Technology (NYSE:SPOT) by 10.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 64,874 shares of the company’s stock after purchasing an additional 5,961 shares during the quarter. Spotify Technology makes up 3.6% of Loftus Peak Pty Ltd’s holdings, making the stock its 11th largest position. Loftus Peak Pty Ltd’s holdings in Spotify Technology were worth $31,618,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Tsfg LLC boosted its stake in shares of Spotify Technology by 39.7% during the 2nd quarter. Tsfg LLC now owns 81 shares of the company’s stock valued at $37,000 after buying an additional 23 shares during the period. Carl P. Sherr & Co. LLC grew its holdings in shares of Spotify Technology by 0.7% during the 1st quarter. Carl P. Sherr & Co. LLC now owns 4,138 shares of the company’s stock valued at $2,007,000 after acquiring an additional 27 shares in the last quarter. Simplify Asset Management Inc. grew its holdings in shares of Spotify Technology by 3.1% during the 1st quarter. Simplify Asset Management Inc. now owns 1,074 shares of the company’s stock valued at $521,000 after acquiring an additional 32 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in shares of Spotify Technology by 7.5% during the 1st quarter. Arkadios Wealth Advisors now owns 474 shares of the company’s stock valued at $230,000 after acquiring an additional 33 shares in the last quarter. Finally, Simplicity Wealth LLC increased its stake in shares of Spotify Technology by 4.4% in the first quarter. Simplicity Wealth LLC now owns 860 shares of the company’s stock worth $417,000 after acquiring an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SPOT. Morgan Stanley increased their price objective on Spotify Technology from $610.00 to $640.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Phillip Securities raised Spotify Technology to a “buy” rating and set a $650.00 price objective for the company in a research report on Tuesday, August 11th. Piper Sandler started coverage on Spotify Technology in a research note on Thursday, October 8th. They issued a “neutral” rating and a $540.00 target price on the stock. Benchmark dropped their target price on Spotify Technology from $695.00 to $650.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Finally, Weiss Ratings raised Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. One investment 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 stock. According to MarketBeat, Spotify Technology has a consensus rating of “Moderate Buy” and a consensus target price of $610.25.

Spotify Technology Stock Performance

SPOT opened at $524.00 on Thursday. The firm has a market cap of $107.88 billion, a P/E ratio of 32.63, a price-to-earnings-growth ratio of 1.62 and a beta of 1.61. The business has a 50 day moving average price of $520.20 and a 200 day moving average price of $494.93. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $696.95.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $3.03 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $5.47 billion. During the same quarter last year, the business earned ($0.42) EPS. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, analysts anticipate that Spotify Technology will post 13.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Alex Norström sold 5,436 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 66,773 shares of the company’s stock, valued at approximately $33,526,723.30. This represents a 7.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,910 shares of the company’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $530.13, for a total transaction of $11,085,018.30. Following the sale, the chief executive officer directly owned 19,908 shares of the company’s stock, valued at approximately $10,553,828.04. This represents a 51.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 68,092 shares of company stock valued at $35,762,410 over the last 90 days. 0.40% of the stock is owned by corporate insiders.

Key Stories Impacting Spotify Technology

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

• Positive Sentiment: Spotify expanded its audiobooks business and renewed its agreement with Joe Rogan, supporting efforts to diversify beyond music streaming and strengthen user engagement. Some analysts view the stock as modestly undervalued despite its elevated valuation. Spotify Technology expands audiobooks and renews Rogan
• Positive Sentiment: The launch of Spotify’s internal software-tools business could create a new enterprise revenue stream, while closer Siri integration in iOS 27 makes it easier for iPhone users to control Spotify by voice. Spotify launches software-tools business Spotify Siri integration
• Neutral Sentiment: CEO Gustav Söderström sold approximately $11.1 million of shares to cover tax withholding tied to vested equity awards. The transaction substantially reduced his direct holdings, but its stated tax-related purpose makes it less concerning than a discretionary sale. Spotify CEO SEC filing
• Neutral Sentiment: Investment commentary highlighted Spotify’s strong profitability but questioned whether a valuation near 39 times earnings is justified. The stock has also lagged major market benchmarks over the past six months, adding to investor caution. Spotify valuation analysis
• Negative Sentiment: Erste Group Bank lowered its FY2026 EPS forecast to $13.71 from $14.07 and its FY2027 estimate to $17.16 from $17.52. The reductions reinforce concerns about earnings momentum, particularly with the shares trading at a premium valuation.
• Negative Sentiment: Reports that Spotify’s new lossless-audio feature is causing problems for many desktop users could hurt the rollout’s reception and create near-term customer-experience and support costs. Spotify lossless audio desktop-app problems

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.