GF Fund Management CO. LTD. Acquires Shares of 5,028 Spotify Technology $SPOT

GF Fund Management CO. LTD. bought a new position in shares of Spotify Technology (NYSE:SPOT) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,028 shares of the company’s stock, valued at approximately $3,510,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SPOT. Knuff & Co LLC bought a new stake in shares of Spotify Technology during the 2nd quarter worth $27,000. Total Investment Management Inc. acquired a new position in Spotify Technology during the second quarter worth about $29,000. Heartwood Wealth Advisors LLC bought a new position in shares of Spotify Technology in the third quarter worth about $27,000. Greykasell Wealth Strategies Inc. boosted its stake in shares of Spotify Technology by 3,800.0% in the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 39 shares of the company’s stock valued at $27,000 after purchasing an additional 38 shares in the last quarter. Finally, Westfuller Advisors LLC bought a new stake in shares of Spotify Technology during the 3rd quarter valued at approximately $29,000. Institutional investors own 84.09% of the company’s stock.

Spotify Technology News Summary

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

• Positive Sentiment: Quarterly beat and bullish outlook — Spotify reported a sizable EPS beat and revenue above consensus, and issued upbeat guidance that eased prior margin/user-growth concerns; this is the primary driver of the rally. Spotify Shares Rally on Strong Outlook
• Positive Sentiment: Analyst reaffirmations — Bernstein (Ian Moore) reiterated an Outperform and maintained a $650 target, citing Spotify’s strong performance, which supports further upside. Analyst Confidence Piece
• Neutral Sentiment: AI-driven engineering shift — CEO comments that top engineers “haven’t written a single line of code” because AI now generates code highlight productivity gains but raise questions about quality control, governance and long-term execution — a mixed catalyst. Spotify AI Coding Story
• Neutral Sentiment: Mixed analyst action — while some firms reaffirm/raise views, others are trimming targets; these offsetting revisions produce headline volatility but no consensus sell signal. (See analyst notes below.) JP Morgan PT Revision
• Negative Sentiment: Price-target cuts from some shops — Cantor Fitzgerald and Guggenheim both trimmed targets (Cantor to $525; Guggenheim to $720), reflecting remaining concerns about margins and multiple—these cap upside and can weigh on sentiment. Cantor Fitzgerald Cuts PT

Analyst Ratings Changes

A number of analysts have weighed in on SPOT shares. UBS Group cut their target price on shares of Spotify Technology from $850.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, January 9th. The Goldman Sachs Group upgraded Spotify Technology from a “neutral” rating to a “buy” rating and dropped their price target for the company from $735.00 to $700.00 in a research note on Friday, January 23rd. Rosenblatt Securities reduced their price objective on Spotify Technology from $700.00 to $670.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Wells Fargo & Company lowered their target price on Spotify Technology from $750.00 to $710.00 and set an “overweight” rating for the company in a report on Tuesday, January 13th. Finally, Pivotal Research lowered Spotify Technology from a “buy” rating to a “hold” rating and cut their price target for the company from $875.00 to $420.00 in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Spotify Technology presently has an average rating of “Moderate Buy” and an average price target of $706.42.

Spotify Technology Trading Up 2.8%

Shares of SPOT opened at $458.40 on Friday. The company has a market capitalization of $94.35 billion, a PE ratio of 47.55, a PEG ratio of 1.08 and a beta of 1.66. Spotify Technology has a 12 month low of $405.00 and a 12 month high of $785.00. The stock’s 50-day moving average price is $533.70 and its two-hundred day moving average price is $620.70.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $5.16 earnings per share for the quarter, beating the consensus estimate of $3.16 by $2.00. Spotify Technology had a return on equity of 31.35% and a net margin of 13.16%.The company had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.14 billion. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.88 earnings per share. Equities research analysts predict that Spotify Technology will post 10.3 EPS for the current fiscal 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.