Strs Ohio Buys 2,224 Shares of Spotify Technology $SPOT

Strs Ohio lifted its stake in shares of Spotify Technology (NYSE:SPOT) by 2.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 81,261 shares of the company’s stock after purchasing an additional 2,224 shares during the quarter. Strs Ohio’s holdings in Spotify Technology were worth $56,720,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Sivia Capital Partners LLC bought a new stake in shares of Spotify Technology during the second quarter valued at about $312,000. Sheets Smith Wealth Management purchased a new position in Spotify Technology during the second quarter valued at approximately $773,000. Fifth Third Bancorp increased its holdings in Spotify Technology by 255.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,072 shares of the company’s stock worth $823,000 after acquiring an additional 770 shares during the period. Norden Group LLC lifted its stake in Spotify Technology by 47.0% in the 2nd quarter. Norden Group LLC now owns 747 shares of the company’s stock worth $573,000 after purchasing an additional 239 shares in the last quarter. Finally, Ballentine Partners LLC boosted its holdings in Spotify Technology by 31.6% in the 2nd quarter. Ballentine Partners LLC now owns 1,658 shares of the company’s stock valued at $1,272,000 after purchasing an additional 398 shares during the period. Institutional investors own 84.09% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on SPOT shares. Pivotal Research decreased their price target on shares of Spotify Technology from $900.00 to $875.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. The Goldman Sachs Group lowered Spotify Technology from a “buy” rating to a “neutral” rating and upped their target price for the stock from $765.00 to $770.00 in a research note on Tuesday, September 30th. Guggenheim dropped their price target on Spotify Technology from $800.00 to $750.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Barclays decreased their price objective on shares of Spotify Technology from $700.00 to $625.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Wells Fargo & Company dropped their target price on shares of Spotify Technology from $750.00 to $710.00 and set an “overweight” rating for the company in a research report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $741.40.

Key Stories Impacting Spotify Technology

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

• Positive Sentiment: Spotify rolled out an AI-driven “prompted playlist” for Premium users in the U.S. and Canada — a feature that personalizes playlists from user prompts and could boost engagement and retention versus rivals. Spotify’s new playlist generator lets you add your vibes, feelings or memories
• Positive Sentiment: The same “prompted playlist” rollout and its product differentiation were widely reported (tech press/consumer-facing coverage), reinforcing Spotify’s AI-first positioning that may help retain subscribers. Spotify launches AI-driven ‘prompted playlist’ for premium users in US, Canada
• Positive Sentiment: Reported features that sync audiobooks to physical books signal expansion into deeper audiobook/publisher integrations — a potential avenue for higher ARPU and content differentiation over time. New reported Spotify feature syncs audiobooks to physical books
• Positive Sentiment: A recent bullish take highlights Spotify’s market leadership and growth trajectory, arguing the stock’s pullback may present a buying opportunity if engagement metrics keep improving. Spotify Tunes Into Demand: SPOT Bull Case as Stock Nears 52-Week Low
• Neutral Sentiment: Spotify raised U.S. Premium prices — a move that could lift revenue (ARPU) but also risks incremental churn; investors are parsing whether higher prices will hurt growth. Spotify (SPOT) Valuation Check As New Premium Price Hikes Test Growth And Churn Concerns
• Negative Sentiment: Barclays issued a pessimistic forecast for SPOT, which can weigh on sentiment and put pressure on the stock if the firm lowered targets or highlighted execution risks. Barclays Issues Pessimistic Forecast for Spotify Technology (NYSE:SPOT) Stock Price
• Negative Sentiment: Commentary from market voices (e.g., Jim Cramer) pointing to high price-to-earnings multiples as a headwind is adding to selling pressure amid concerns about Spotify’s valuation. Jim Cramer says high price-to-earnings multiples are hurting Spotify stock

Spotify Technology Stock Performance

NYSE:SPOT opened at $498.54 on Friday. Spotify Technology has a fifty-two week low of $475.01 and a fifty-two week high of $785.00. The firm has a market cap of $102.64 billion, a PE ratio of 78.39, a price-to-earnings-growth ratio of 0.95 and a beta of 1.66. The business has a 50 day moving average price of $571.95 and a 200-day moving average price of $646.31.

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