Saudi Central Bank Buys 63,286 Shares of Spotify Technology $SPOT

Saudi Central Bank boosted its position in shares of Spotify Technology (NYSE:SPOT) by 107.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 121,949 shares of the company’s stock after buying an additional 63,286 shares during the quarter. Spotify Technology makes up approximately 0.7% of Saudi Central Bank’s holdings, making the stock its 29th largest holding. Saudi Central Bank’s holdings in Spotify Technology were worth $55,990,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Angeles Wealth Management LLC increased its stake in shares of Spotify Technology by 3.4% in the 2nd quarter. Angeles Wealth Management LLC now owns 1,413 shares of the company’s stock valued at $649,000 after buying an additional 47 shares during the period. Riverview Capital Advisers LLC lifted its stake in shares of Spotify Technology by 15.3% during the second quarter. Riverview Capital Advisers LLC now owns 490 shares of the company’s stock valued at $225,000 after acquiring an additional 65 shares during the period. denkapparat Operations GmbH acquired a new position in shares of Spotify Technology during the second quarter valued at $254,000. TD Waterhouse Canada Inc. boosted its holdings in Spotify Technology by 157.0% in the second quarter. TD Waterhouse Canada Inc. now owns 1,529 shares of the company’s stock valued at $722,000 after acquiring an additional 934 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its holdings in Spotify Technology by 20.6% in the second quarter. Concurrent Investment Advisors LLC now owns 7,175 shares of the company’s stock valued at $3,294,000 after acquiring an additional 1,226 shares during the last quarter. 84.09% of the stock is currently owned by institutional investors.

Key Headlines Impacting Spotify Technology

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

• Positive Sentiment: Spotify’s Premium revenue increased 15% year over year to approximately $4.33 billion, supported by subscriber gains and higher average revenue per user (ARPU). Advertising revenue also grew, suggesting that monetization trends remain favorable. Can Higher ARPU Keep Spotify’s Premium Revenue Growing?
• Positive Sentiment: Spotify’s growing presence in India, including increased discovery of regional and independent artists, could support long-term engagement, content diversity and market expansion. India Is Discovering Music Differently
• Neutral Sentiment: Spotify was included among stocks discussed during CNBC’s “Final Trades,” increasing investor visibility but providing no specific new company catalyst in the available report. Nvidia, ServiceNow, Spotify and a Financial Stock on CNBC’s Final Trades
• Neutral Sentiment: A report highlighting ways to improve Spotify audio quality is consumer-focused and does not materially change the company’s earnings outlook. 10 Things That Are Ruining Your Sound Quality on Spotify
• Neutral Sentiment: Board member Heidi O’Neill’s resignation introduces a governance change, but no operational or financial impact was reported. Spotify Announces Resignation of Heidi O’Neill
• Neutral Sentiment: Spotify had risen 16% since its latest earnings report, but analysts are questioning whether that momentum can continue, making profit-taking and higher valuation concerns relevant. Spotify Up 16% Since Last Earnings Report
• Negative Sentiment: A Seeking Alpha downgrade cited disappointing growth trends and slowing monthly active-user additions, raising concerns about Spotify’s ability to sustain its premium valuation. Spotify: Disappointing Growth Trends and Slowing MAU Adds
• Negative Sentiment: Erste Group Bank expressed a negative view of Spotify’s fiscal 2026 earnings, adding to cautious sentiment around future profitability and growth. Erste Group Bank Has Negative View of SPOT FY2026 Earnings

Analysts Set New Price Targets

A number of analysts recently commented on SPOT shares. Morgan Stanley lifted their price objective on Spotify Technology from $590.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Rosenblatt Securities cut their target price on shares of Spotify Technology from $531.00 to $527.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Benchmark reduced their target price on shares of Spotify Technology from $695.00 to $650.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. 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, Argus reissued a “buy” rating and set a $600.00 price target on shares of Spotify Technology in a research note on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Spotify Technology has an average rating of “Moderate Buy” and an average price target of $609.05.

Insider Activity

In related news, CEO Alex Norström sold 5,436 shares of Spotify Technology 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 transaction, the chief executive officer owned 66,773 shares of the company’s stock, valued at $33,526,723.30. This trade represents a 7.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,833 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $478.45, for a total transaction of $9,967,548.85. Following the transaction, the chief executive officer owned 20,259 shares of the company’s stock, valued at approximately $9,692,918.55. This represents a 50.70% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 52,538 shares of company stock valued at $25,878,250 over the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Spotify Technology Stock Down 3.2%

Shares of Spotify Technology stock opened at $542.08 on Friday. Spotify Technology has a 12 month low of $405.00 and a 12 month high of $745.00. The business has a fifty day simple moving average of $503.22 and a 200 day simple moving average of $491.98. The stock has a market cap of $111.60 billion, a PE ratio of 33.75, a price-to-earnings-growth ratio of 1.60 and a beta of 1.59.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings data on Tuesday, August 4th. The company reported $3.03 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter in the prior year, the company posted ($0.42) EPS. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. Analysts expect that Spotify Technology will post 14.29 EPS for the current fiscal 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.