Spotify Technology $SPOT Stock Holdings Increased by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its position in Spotify Technology (NYSE:SPOT) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,665,512 shares of the company’s stock after buying an additional 62,887 shares during the quarter. Fisher Asset Management LLC’s holdings in Spotify Technology were worth $1,547,890,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPOT. KERR FINANCIAL PLANNING Corp bought a new stake in Spotify Technology in the third quarter valued at about $26,000. Greykasell Wealth Strategies Inc. increased its holdings in Spotify Technology by 3,800.0% in the third quarter. Greykasell Wealth Strategies Inc. now owns 39 shares of the company’s stock valued at $27,000 after buying an additional 38 shares during the last quarter. Westfuller Advisors LLC bought a new stake in Spotify Technology in the third quarter valued at about $29,000. Newbridge Financial Services Group Inc. bought a new stake in Spotify Technology in the fourth quarter valued at about $35,000. Finally, JPL Wealth Management LLC bought a new stake in Spotify Technology in the third quarter valued at about $35,000. 84.09% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Gustav Soderstrom sold 20,833 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $473.52, for a total value of $9,864,842.16. Following the completion of the transaction, the chief executive officer directly owned 20,609 shares of the company’s stock, valued at $9,758,773.68. This represents a 50.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Alex Norstrom sold 5,436 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $479.51, for a total value of $2,606,616.36. Following the completion of the transaction, the chief executive officer directly owned 69,989 shares of the company’s stock, valued at $33,560,425.39. This trade represents a 7.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 47,102 shares of company stock valued at $21,444,648 over the last three months. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Arete Research raised Spotify Technology from a “neutral” rating to a “buy” rating and set a $586.00 price objective for the company in a report on Thursday, February 26th. Citigroup raised Spotify Technology from a “neutral” rating to a “buy” rating and set a $650.00 target price for the company in a report on Friday, January 30th. Moffett Nathanson started coverage on Spotify Technology in a report on Tuesday, January 27th. They set a “neutral” rating and a $487.00 target price for the company. The Goldman Sachs Group lowered their target price on Spotify Technology from $670.00 to $600.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. upped their target price on Spotify Technology from $600.00 to $650.00 and gave the company an “overweight” rating in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Spotify Technology has an average rating of “Moderate Buy” and a consensus target price of $652.46.

Trending Headlines about Spotify Technology

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 Trading Down 0.2%

NYSE:SPOT opened at $518.92 on Monday. The firm has a market capitalization of $106.83 billion, a PE ratio of 41.35, a price-to-earnings-growth ratio of 1.25 and a beta of 1.55. The stock has a 50 day moving average of $479.80 and a 200-day moving average of $523.02. Spotify Technology has a 52 week low of $405.00 and a 52 week high of $785.00.

Spotify Technology (NYSE:SPOT) last posted its earnings results on Tuesday, April 28th. The company reported $4.04 EPS for the quarter, beating the consensus estimate of $3.41 by $0.63. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.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 company earned $1.07 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. As a group, analysts predict that Spotify Technology will post 14.86 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.