Capital Research Global Investors Invests $512.19 Million in Spotify Technology $SPOT

Capital Research Global Investors purchased a new stake in Spotify Technology (NYSE:SPOT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 733,797 shares of the company’s stock, valued at approximately $512,190,000. Capital Research Global Investors owned approximately 0.36% of Spotify Technology at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. State Street Corp boosted its holdings in shares of Spotify Technology by 1.7% in the second quarter. State Street Corp now owns 4,574,228 shares of the company’s stock valued at $3,509,988,000 after acquiring an additional 74,256 shares during the period. Capital World Investors lifted its holdings in shares of Spotify Technology by 40.7% in the 3rd quarter. Capital World Investors now owns 2,730,713 shares of the company’s stock valued at $1,906,260,000 after buying an additional 789,755 shares during the period. Fisher Asset Management LLC boosted its position in shares of Spotify Technology by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 2,602,625 shares of the company’s stock worth $1,816,632,000 after purchasing an additional 113,612 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Spotify Technology by 3.3% during the second quarter. Geode Capital Management LLC now owns 1,568,502 shares of the company’s stock worth $1,192,730,000 after buying an additional 49,377 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Spotify Technology by 17.3% during the 2nd quarter. Invesco Ltd. now owns 1,454,383 shares of the company’s stock worth $1,116,007,000 after acquiring an additional 214,355 shares in the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SPOT shares. Benchmark cut their price target on Spotify Technology from $860.00 to $760.00 and set a “buy” rating for the company in a report on Friday, January 16th. Arete Research upgraded Spotify Technology from a “neutral” rating to a “buy” rating and set a $586.00 price objective on the stock in a report on Thursday, February 26th. Barclays upped their price target on shares of Spotify Technology from $625.00 to $650.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Sanford C. Bernstein lowered their price target on shares of Spotify Technology from $830.00 to $650.00 and set an “outperform” rating for the company in a report on Wednesday, January 14th. Finally, KeyCorp dropped their price objective on Spotify Technology from $830.00 to $720.00 and set an “overweight” rating on the stock in a report on Monday, February 9th. Two 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $703.87.

Spotify Technology Stock Down 2.7%

SPOT opened at $530.27 on Wednesday. The firm has a market cap of $109.17 billion, a price-to-earnings ratio of 55.01, a price-to-earnings-growth ratio of 1.19 and a beta of 1.66. Spotify Technology has a fifty-two week low of $405.00 and a fifty-two week high of $785.00. The company’s 50-day moving average price is $506.30 and its 200 day moving average price is $598.51.

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

More Spotify Technology News

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

• Positive Sentiment: Strong recent fundamentals: SPOT reported a big EPS beat in its latest quarter and revenue growth, supporting a higher long‑term valuation case and giving bulls ammunition. Earnings/Performance Summary
• Positive Sentiment: New and expanding institutional interest: some long‑term managers (e.g., Polen Capital, D.E. Shaw additions cited in filings) have added positions, signaling conviction in podcasts/audiobooks and ad monetization upside. Polen Capital / Institutional Activity
• Neutral Sentiment: Short‑term service disruption resolved: users reported outages across multiple platforms including Spotify, but the company’s app and website were reported as “much better now,” suggesting limited lasting user‑impact if recovery holds. Outage Recovery
• Neutral Sentiment: Momentum and valuation check: analysis pieces highlight that SPOT has seen large recent share swings (notably a strong 1‑month gain) and renewed attention on valuation metrics — useful context but not an immediate catalyst. Valuation Analysis
• Neutral Sentiment: Platform dynamics: research on music discovery (TikTok vs Spotify) underscores changing consumption patterns—important for long‑term content strategy but incremental versus near‑term earnings catalysts. Consumption Trends
• Negative Sentiment: Analyst downgrades and reduced sentiment: Wolfe Research, Pivotal and others have trimmed ratings/targets citing valuation and execution risk after price hikes; this has prompted near‑term profit taking. Analyst Downgrades
• Negative Sentiment: Lowered estimates from brokers: Erste Group and others have trimmed earnings forecasts, adding pressure to the stock’s near‑term outlook as investors reassess growth vs. valuation. Broker Estimate Cuts
• Negative Sentiment: Broader risk‑off market backdrop: higher macro risk and rotation away from long‑duration growth names have amplified selling pressure on high‑multiple stocks like SPOT. Investor Rotation / Mixed Institutional Activity

Spotify Technology Company 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.