16,861 Shares of Spotify Technology $SPOT Acquired by GFG Capital LLC

GFG Capital LLC purchased a new position in shares of Spotify Technology (NYSE:SPOT) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 16,861 shares of the company’s stock, valued at approximately $8,218,000. Spotify Technology comprises 1.9% of GFG Capital LLC’s holdings, making the stock its 17th biggest position.

Several other institutional investors have also recently made changes to their positions in the stock. Cantillon Capital Management LLC bought a new stake in Spotify Technology during the first quarter valued at $213,047,000. Southpoint Capital Advisors LP purchased a new stake in Spotify Technology during the 1st quarter valued at $193,964,000. Principal Financial Group Inc. increased its holdings 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 purchasing an additional 344,471 shares during the period. Tiger Global Management LLC raised its holdings in Spotify Technology by 25.3% in the 1st 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 in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Spotify Technology by 20.1% in the 1st quarter. Janus Henderson Group PLC now owns 1,711,015 shares of the company’s stock valued at $829,641,000 after purchasing an additional 286,844 shares during the period. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Stonex Financia downgraded shares of Spotify Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Guggenheim reissued a “buy” rating and set a $565.00 price target on shares of Spotify Technology in a research note on Wednesday, August 5th. Wall Street Zen lowered shares of Spotify Technology from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Rosenblatt Securities decreased their price objective on Spotify Technology from $531.00 to $527.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Finally, Weiss Ratings upgraded Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $610.25.

Spotify Technology Trading Down 0.6%

Shares of NYSE:SPOT opened at $530.01 on Friday. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $696.95. The company has a market capitalization of $109.12 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 1.64 and a beta of 1.61. The business has a 50-day moving average price of $522.14 and a 200 day moving average price of $495.59.

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

More Spotify Technology News

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

• Positive Sentiment: Spotify’s premium subscription business remains resilient, while its audiobooks expansion and renewed Joe Rogan agreement could support engagement and diversify revenue beyond music streaming. Spotify expands audiobooks and renews Rogan agreement
• Positive Sentiment: Potential longer-term catalysts include AI-driven personalization, deeper listener insights, a new business selling Spotify’s internal software tools, and expanded Siri integration on iOS 27. These initiatives could improve discovery, retention and monetization. Spotify AI personalization analysis
• Neutral Sentiment: Spotify recently outperformed the broader market in one trading session, reflecting continued interest following its rally, although the move has not eliminated concerns about upcoming results. Why Spotify outpaced the stock market
• Neutral Sentiment: Chief Executive Gustav Söderström sold approximately $11.1 million of stock to cover tax withholding tied to vested equity awards. The transaction significantly reduced his direct holdings, but its stated tax-related purpose makes it less negative than a discretionary sale. Spotify CEO SEC filing
• Negative Sentiment: StoneX downgraded Spotify from Buy to Hold, citing limited near-term catalysts for revenue per user, rising payments to record labels and margin pressure. StoneX Spotify downgrade
• Negative Sentiment: Ad-supported growth remains sluggish, and forward revenue and earnings estimates are being revised lower. Management’s third-quarter guidance calls for approximately €5.0 billion in revenue and 305 million premium subscribers, while consensus expectations are also declining. Spotify downgrade ahead of third-quarter earnings
• Negative Sentiment: Analysts expect earnings to decline in the upcoming report, increasing the risk of disappointment after the stock’s rally. The premium valuation leaves less room for weaker growth or margin guidance.

Insider Activity at Spotify Technology

In related news, CEO Gustav Söderström sold 20,910 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 19,908 shares in the company, valued at $10,553,828.04. This trade represents a 51.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, 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 value of $2,729,415.60. Following the completion of the sale, the chief executive officer owned 66,773 shares in the company, valued at approximately $33,526,723.30. This trade represents a 7.53% 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 have sold 68,092 shares of company stock valued at $35,762,410 in the last 90 days. Company insiders own 0.40% of the company’s stock.

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.