Bessemer Group Inc. Buys 177,310 Shares of Spotify Technology $SPOT

Bessemer Group Inc. boosted its position in Spotify Technology (NYSE:SPOT) by 35.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 682,639 shares of the company’s stock after purchasing an additional 177,310 shares during the period. Spotify Technology comprises approximately 0.7% of Bessemer Group Inc.’s portfolio, making the stock its 22nd biggest holding. Bessemer Group Inc. owned 0.33% of Spotify Technology worth $476,483,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Helios Capital Management PTE. Ltd. lifted its holdings in shares of Spotify Technology by 56.3% during the third quarter. Helios Capital Management PTE. Ltd. now owns 7,500 shares of the company’s stock valued at $5,235,000 after purchasing an additional 2,700 shares during the last quarter. Truxt Investmentos Ltda. bought a new position in Spotify Technology during the 3rd quarter valued at approximately $2,093,000. Generali Asset Management SPA SGR raised its stake in Spotify Technology by 30.9% during the third quarter. Generali Asset Management SPA SGR now owns 68,023 shares of the company’s stock valued at $46,692,000 after buying an additional 16,054 shares during the last quarter. Ownership Capital B.V. bought a new stake in Spotify Technology in the third quarter worth $2,769,000. Finally, Cynosure Group LLC bought a new stake in Spotify Technology in the third quarter worth $2,862,000. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Erste Group Bank cut shares of Spotify Technology from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. Phillip Securities upgraded shares of Spotify Technology from a “hold” rating to a “moderate buy” rating in a report on Monday, November 10th. Barclays lowered their price objective on Spotify Technology from $700.00 to $625.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Spotify Technology in a research note on Monday, December 29th. Finally, UBS Group dropped their price objective on Spotify Technology from $850.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, January 9th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $727.71.

Spotify Technology News Roundup

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

• Positive Sentiment: Spotify will let users buy physical books through a partnership with Bookshop.org — a new commerce channel that can cross‑sell to audiobook listeners and add referral/retail revenue without heavy content spend. Spotify to let users buy physical books on app through Bookshop.org partnership
• Positive Sentiment: Product upgrades to audiobooks (and related UX improvements) expand Spotify’s bundled audio offering and raise potential ARPU from subscribers who consume multiple formats. Spotify ventures into physical book sales, adds new audiobook features
• Positive Sentiment: Expanded lyrics features — offline access, translations and a refreshed design — are intended to boost engagement and retention, which supports ad and subscription revenue over time. Spotify expands lyrics feature with translations, offline access, and new design
• Positive Sentiment: Analyst and media coverage (bull thesis pieces) highlight improving margins, strong free cash flow and successful price increases — reinforcing a longer‑term profitable growth narrative for investors. The Sound of Money: How Spotify Turned Audio Into Profit Power
• Neutral Sentiment: Upcoming earnings (Feb. 10) remain a near-term catalyst: Street models expect continued earnings growth and a potential beat, but results will be scrutinized for margin confirmation and guidance. Spotify (SPOT) Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Recent consumer price hikes — noted in coverage of the new features — remain a sentiment risk; higher prices can lift ARPU but may also trigger backlash or incremental churn in some markets. Spotify ventures into physical book sales, adds new audiobook features
• Negative Sentiment: Currency headwinds and conservative guidance have pressured the stock previously — management’s modest Q4 revenue outlook (cited in analyst pieces) remains a potential drag if reiterated. The Sound of Money: How Spotify Turned Audio Into Profit Power

Spotify Technology Trading Down 7.1%

Shares of SPOT stock opened at $440.50 on Thursday. Spotify Technology has a 12 month low of $438.71 and a 12 month high of $785.00. The stock has a market cap of $90.69 billion, a P/E ratio of 69.26, a P/E/G ratio of 0.90 and a beta of 1.66. The company has a 50 day simple moving average of $551.94 and a two-hundred day simple moving average of $632.12.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $1.96. The firm had revenue of $5.01 billion for the quarter, compared to analysts’ expectations of $4.23 billion. Spotify Technology had a return on equity of 21.68% and a net margin of 8.46%.The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.45 EPS. As a group, equities analysts forecast that Spotify Technology will post 10.3 earnings per share for the current year.

About Spotify Technology

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.