Robeco Schweiz AG Grows Holdings in Spotify Technology $SPOT

Robeco Schweiz AG increased its position in shares of Spotify Technology (NYSE:SPOT) by 37.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,544 shares of the company’s stock after buying an additional 5,071 shares during the period. Robeco Schweiz AG’s holdings in Spotify Technology were worth $10,769,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Helios Capital Management PTE. Ltd. boosted its holdings in shares of Spotify Technology by 56.3% in the 3rd quarter. Helios Capital Management PTE. Ltd. now owns 7,500 shares of the company’s stock valued at $5,235,000 after buying an additional 2,700 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Spotify Technology by 35.1% in the 3rd quarter. Bessemer Group Inc. now owns 682,639 shares of the company’s stock valued at $476,483,000 after buying an additional 177,310 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Spotify Technology by 12.9% in the 4th quarter. Principal Financial Group Inc. now owns 645,196 shares of the company’s stock valued at $374,672,000 after buying an additional 73,722 shares during the period. Truxt Investmentos Ltda. acquired a new position in shares of Spotify Technology in the 3rd quarter valued at about $2,093,000. Finally, Ownership Capital B.V. acquired a new position in shares of Spotify Technology in the 3rd quarter valued at about $2,769,000. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Spotify Technology Trading Up 1.6%

Shares of NYSE:SPOT opened at $426.16 on Thursday. The company has a 50 day moving average of $497.53 and a 200-day moving average of $541.60. The firm has a market cap of $87.74 billion, a P/E ratio of 33.96, a P/E/G ratio of 1.04 and a beta of 1.55. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $785.00.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.63. Spotify Technology had a net margin of 15.56% and a return on equity of 35.73%. The company had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same period in the prior year, the business posted $1.07 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. Equities research analysts forecast that Spotify Technology will post 14.51 EPS for the current year.

Key Spotify Technology News

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

• Positive Sentiment: Analysts list SPOT among the “10 Best Fortune 500 Stocks to Buy,” citing roughly 33.6% upside — a visible vote of confidence that can prompt fresh buying from momentum and analyst-following investors. Is Spotify Technology (SPOT) One of the Best Fortune 500 Stocks to Buy According to Analysts?
• Positive Sentiment: Zacks and other outlets highlight Spotify in screens for positive earnings momentum/Earnings ESP, which can lift sentiment ahead of future quarters if investors expect SPOT to beat estimates. Looking for Stocks with Positive Earnings Momentum? Check Out These 2 Computer and Technology Names
• Positive Sentiment: Coverage framing the recent pullback as a buying opportunity (e.g., The Motley Fool) encourages value/momentum buyers after the year-to-date decline, supporting short-term demand. Is the Spotify Stock Dip a Buying Opportunity?
• Positive Sentiment: Product/engagement news — Spotify adding free Peloton workout classes for subscribers — is a user-growth/engagement positive that may help retention and ARPU over time. Spotify surprises subscribers with a major new free addition
• Neutral Sentiment: Zacks features on using Earnings ESP to find stocks that could top estimates are informational — they raise awareness but are not specific catalysts unless SPOT is explicitly flagged to beat. How to Boost Your Portfolio with Top Computer and Technology Stocks Set to Beat Earnings
• Neutral Sentiment: Comparisons between CRM and SPOT on value metrics are useful for investors weighing options but don’t directly move SPOT unless leading funds rotate between the names. CRM vs. SPOT: Which Stock Is the Better Value Option?
• Negative Sentiment: Analyses highlighting recent share-price weakness and a short‑term negative momentum narrative remind investors that SPOT has underperformed in recent weeks/months, which can keep selling pressure for momentum-sensitive investors. Evaluating Spotify Technology (NYSE:SPOT) After Recent Share Price Weakness And A Popular Undervaluation Narrative
• Negative Sentiment: A recent piece notes that last week’s earnings announcement disappointed some investors despite assertions about earnings quality — such mixed reception can create short-term volatility. Shareholders Can Be Confident That Spotify Technology’s (NYSE:SPOT) Earnings Are High Quality

Insider Buying and Selling

In related news, CEO Alex Norstrom sold 5,436 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $479.51, for a total value of $2,606,616.36. Following the sale, the chief executive officer directly owned 69,989 shares in the company, valued at $33,560,425.39. The trade was a 7.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gustav Soderstrom sold 20,833 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $473.52, for a total transaction of $9,864,842.16. Following the completion of the sale, the chief executive officer owned 20,609 shares in the company, valued at $9,758,773.68. The trade was a 50.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SPOT. Daiwa Securities Group began coverage on shares of Spotify Technology in a report on Thursday, March 26th. They issued an “outperform” rating and a $535.00 price target for the company. Benchmark decreased their price target on shares of Spotify Technology from $760.00 to $695.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. KeyCorp decreased their price target on shares of Spotify Technology from $745.00 to $680.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. JPMorgan Chase & Co. decreased their price target on shares of Spotify Technology from $700.00 to $600.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Finally, Sanford C. Bernstein reduced their target price on shares of Spotify Technology from $830.00 to $650.00 and set an “outperform” rating for the company in a research note on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Spotify Technology presently has an average rating of “Moderate Buy” and a consensus target price of $645.77.

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.