Fideuram Intesa Sanpaolo Private Banking S.P.A. Buys New Stake in Spotify Technology $SPOT

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Spotify Technology (NYSE:SPOT) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,644 shares of the company’s stock, valued at approximately $1,535,000.

Other institutional investors have also bought and sold shares of the company. Greykasell Wealth Strategies Inc. lifted its position in Spotify Technology by 3,800.0% during the third quarter. Greykasell Wealth Strategies Inc. now owns 39 shares of the company’s stock valued at $27,000 after purchasing an additional 38 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Spotify Technology in the 3rd quarter worth about $26,000. Westfuller Advisors LLC bought a new stake in shares of Spotify Technology in the 3rd quarter worth about $29,000. JPL Wealth Management LLC bought a new stake in shares of Spotify Technology in the 3rd quarter worth about $35,000. Finally, Chilton Capital Management LLC lifted its holdings in Spotify Technology by 183.3% during the 3rd quarter. Chilton Capital Management LLC now owns 51 shares of the company’s stock valued at $36,000 after buying an additional 33 shares in the last quarter. Institutional investors own 84.09% of the company’s stock.

Insiders Place Their Bets

In other Spotify Technology news, CEO Alex Norstrom sold 5,436 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $479.51, for a total transaction of $2,606,616.36. Following the completion of the transaction, the chief executive officer directly owned 69,989 shares in the company, valued at approximately $33,560,425.39. This represents a 7.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gustav Soderstrom sold 20,833 shares of the company’s stock in a transaction 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 transaction, the chief executive officer owned 20,609 shares of the company’s stock, valued at $9,758,773.68. This represents a 50.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 47,102 shares of company stock valued at $21,444,648 over the last 90 days. 0.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SPOT has been the subject of a number of research analyst reports. KeyCorp decreased their price objective 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. Barclays lifted their price objective on shares of Spotify Technology from $500.00 to $565.00 and gave the stock an “overweight” rating in a research report on Friday. Wells Fargo & Company lifted their price objective on shares of Spotify Technology from $580.00 to $600.00 and gave the stock an “overweight” rating in a research report on Friday. Canaccord Genuity Group dropped their target price on shares of Spotify Technology from $750.00 to $720.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Spotify Technology from $600.00 to $650.00 and gave the stock an “overweight” rating in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $652.46.

More Spotify Technology News

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

• Positive Sentiment: Spotify announced a new AI partnership with Universal Music Group that will let Premium users create licensed AI-generated covers and remixes, opening a potential new revenue stream while giving artists a cut of the economics. Spotify strikes deal with Universal Music to let premium users create AI covers, remixes
• Positive Sentiment: Management reinforced a bullish 2030 outlook, calling for mid-teens annual revenue growth and gross margins of 35% to 40%, which supports the argument that profitability can keep improving. Spotify stock pops on guidance at first investor day since 2022
• Positive Sentiment: Several Wall Street firms raised price targets after the event, including JPMorgan, Wells Fargo, Morgan Stanley, Barclays, Citizens JMP, and Jefferies, signaling stronger confidence in Spotify’s growth story. Analyst target hikes
• Positive Sentiment: Spotify also introduced new product features tied to engagement and monetization, including AI-generated podcasts, audiobook tools, and reserved concert tickets for top fans, which could deepen user activity and subscription value. Spotify adds AI-powered Q&A and briefing generation features to podcasts
• Neutral Sentiment: A Seeking Alpha opinion piece argued Spotify’s long-term path deserves a premium valuation, but this is more commentary than a new fundamental catalyst. Spotify’s Path Forward Deserves This Premium
• Negative Sentiment: One Seeking Alpha note warned that weaker advertising trends could be a concern, suggesting ad-market softness may remain a headwind even as Spotify’s premium business improves. Spotify: Weaker Advertising Trends Are Becoming A Concern (Downgrade)

Spotify Technology Price Performance

SPOT opened at $518.92 on Friday. The firm has a fifty day moving average price of $479.80 and a 200 day moving average price of $523.86. Spotify Technology has a 1 year low of $405.00 and a 1 year high of $785.00. The stock has a market cap of $106.83 billion, a P/E ratio of 41.35, a P/E/G ratio of 1.25 and a beta of 1.55.

Spotify Technology (NYSE:SPOT) last posted its earnings results on Tuesday, April 28th. The company reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.63. The firm had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Spotify Technology had a net margin of 15.56% and a return on equity of 35.73%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.07 EPS. Equities analysts expect that Spotify Technology will post 14.86 EPS for the current year.

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.