Spotify Technology $SPOT Stock: Hyperion Asset Management Ltd Decreases Holdings

Hyperion Asset Management Ltd lessened its position in shares of Spotify Technology (NYSE:SPOT) by 24.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 81,868 shares of the company’s stock after selling 25,857 shares during the period. Spotify Technology makes up 1.1% of Hyperion Asset Management Ltd’s holdings, making the stock its 19th biggest holding. Hyperion Asset Management Ltd’s holdings in Spotify Technology were worth $39,901,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cantillon Capital Management LLC bought a new stake in Spotify Technology in the 1st quarter valued at about $213,047,000. Southpoint Capital Advisors LP bought a new position in shares of Spotify Technology in the first quarter valued at approximately $193,964,000. Principal Financial Group Inc. lifted its stake in Spotify Technology by 53.4% during the 1st quarter. Principal Financial Group Inc. now owns 989,667 shares of the company’s stock valued at $479,899,000 after acquiring an additional 344,471 shares in the last quarter. Tiger Global Management LLC boosted its holdings in Spotify Technology by 25.3% during the first quarter. Tiger Global Management LLC now owns 1,580,761 shares of the company’s stock worth $766,527,000 after purchasing an additional 319,300 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of 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 acquiring an additional 286,844 shares in the last quarter. Institutional investors own 84.09% of the company’s stock.

More Spotify Technology News

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

• Positive Sentiment: Premium growth is strengthening: Premium revenue increased 15%, supported by subscriber gains and pricing increases. The trend suggests Spotify is improving monetization of its core user base ahead of its third-quarter results. Spotify’s Premium Growth Gains Traction: Can SPOT Sustain Momentum?
• Positive Sentiment: Paid podcast memberships launched: Spotify is giving podcasters tools to offer perks such as bonus audio or video, fewer advertisements and early access. The initiative could diversify revenue, improve creator retention and increase listener engagement. Spotify launches paid podcast memberships with perks beyond bonus content
• Positive Sentiment: Buybacks provide shareholder support: Spotify renewed its multiyear Joe Rogan licensing agreement and expanded its share-repurchase authorization by approximately $1.5 billion, to about $2.22 billion. Buybacks may support earnings per share, though the larger content commitment raises spending concerns. Does Rogan Renewal Change The Bull Case For Spotify Stock?
• Neutral Sentiment: Third-quarter expectations are in focus: Investors are watching for roughly 788 million monthly active users, 305 million Premium subscribers and approximately €5.0 billion in revenue. Results that exceed or miss these benchmarks could determine the next major move in SPOT. Spotify Q3 Earnings: Wall Street’s Insights on Key Metrics
• Neutral Sentiment: Analyst views are mixed: Rosenblatt reaffirmed a “neutral” rating with a $527 price target, indicating limited near-term upside from recent trading levels. A separate valuation analysis cited a substantially higher potential target, highlighting disagreement over Spotify’s growth outlook. Spotify Renewed Joe Rogan and Added $1.5 Billion to Buybacks
• Negative Sentiment: Advertising remains a pressure point: Despite premium revenue momentum, weaker advertising conditions could limit overall growth and temper the benefit of subscriber and pricing gains. StoneX also downgraded Spotify from “buy” to “hold,” adding to investor caution.

Insider Transactions at Spotify Technology

In other Spotify Technology news, CEO Alex Norström sold 5,436 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 66,773 shares of the company’s stock, valued at approximately $33,526,723.30. This trade represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 firm’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $530.13, for a total value of $11,085,018.30. Following the transaction, the chief executive officer directly owned 19,908 shares of the company’s stock, valued at approximately $10,553,828.04. This trade represents a 51.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 68,092 shares of company stock worth $35,762,410. Corporate insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on SPOT. Guggenheim reaffirmed a “buy” rating and issued a $565.00 price objective on shares of Spotify Technology in a research report on Wednesday, August 5th. Benchmark reduced their target price on Spotify Technology from $695.00 to $650.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Stonex Financia downgraded Spotify Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 14th. Weiss Ratings upgraded shares of Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. Finally, UBS Group cut their price objective on Spotify Technology from $690.00 to $675.00 and set a “buy” rating for the company in a report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $610.25.

Spotify Technology Stock Up 1.7%

Shares of SPOT traded up $8.91 during mid-day trading on Tuesday, hitting $527.67. 750,683 shares of the company’s stock traded hands, compared to its average volume of 2,186,983. Spotify Technology has a 1 year low of $405.00 and a 1 year high of $696.95. The firm has a market capitalization of $108.64 billion, a P/E ratio of 32.86, a PEG ratio of 1.63 and a beta of 1.61. The business’s 50-day moving average price is $522.30 and its 200-day moving average price is $495.97.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $3.03 earnings per share for the quarter, missing the consensus estimate of $3.16 by ($0.13). The firm had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.47 billion. Spotify Technology had a net margin of 18.44% and a return on equity of 41.39%. The business’s revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.42) earnings per share. Sell-side analysts anticipate that Spotify Technology will post 13.77 earnings per share for the current fiscal year.

About Spotify Technology

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.