Spotify Technology $SPOT Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its holdings in Spotify Technology (NYSE:SPOT) by 19.3% in the 4th quarter, Holdings Channel reports. The firm owned 449,991 shares of the company’s stock after selling 107,569 shares during the period. Pictet Asset Management Holding SA’s holdings in Spotify Technology were worth $261,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Quadcap Wealth Management LLC increased its position in Spotify Technology by 5.7% in the 3rd quarter. Quadcap Wealth Management LLC now owns 295 shares of the company’s stock valued at $206,000 after acquiring an additional 16 shares during the period. Sage Mountain Advisors LLC raised its stake in shares of Spotify Technology by 6.3% during the third quarter. Sage Mountain Advisors LLC now owns 289 shares of the company’s stock worth $201,000 after purchasing an additional 17 shares during the last quarter. Sagespring Wealth Partners LLC lifted its holdings in shares of Spotify Technology by 2.9% during the fourth quarter. Sagespring Wealth Partners LLC now owns 636 shares of the company’s stock worth $370,000 after purchasing an additional 18 shares during the period. Granite Group Advisors LLC grew its position in Spotify Technology by 2.6% in the 3rd quarter. Granite Group Advisors LLC now owns 756 shares of the company’s stock valued at $528,000 after buying an additional 19 shares during the last quarter. Finally, Ameritas Advisory Services LLC grew its position in Spotify Technology by 7.9% in the 3rd quarter. Ameritas Advisory Services LLC now owns 260 shares of the company’s stock valued at $181,000 after buying an additional 19 shares during the last quarter. 84.09% of the stock is owned by hedge funds and other institutional investors.

Spotify Technology Price Performance

SPOT opened at $516.85 on Monday. The stock’s 50 day simple moving average is $501.08 and its 200 day simple moving average is $551.47. The stock has a market cap of $106.41 billion, a P/E ratio of 53.62, a P/E/G ratio of 1.13 and a beta of 1.70. Spotify Technology has a 1-year low of $405.00 and a 1-year high of $785.00.

Spotify Technology (NYSE:SPOT) last posted its earnings results on Wednesday, February 11th. The company reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $3.16 by $2.00. The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.14 billion. Spotify Technology had a return on equity of 31.35% and a net margin of 13.16%.Spotify Technology’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.88 earnings per share. Research analysts expect that Spotify Technology will post 15.73 EPS for the current fiscal year.

Insider Activity

In other Spotify Technology news, CEO Gustav Soderstrom sold 20,833 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $473.52, for a total value of $9,864,842.16. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Alex Norstrom sold 5,436 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $479.51, for a total transaction of $2,606,616.36. Following the transaction, the chief executive officer directly owned 69,989 shares of the company’s stock, valued at approximately $33,560,425.39. This trade represents a 7.21% 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.

Key Spotify Technology News

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

• Positive Sentiment: Analysts and bullish write-ups are painting SPOT as a buy ahead of earnings, arguing the stock is attractively priced after a pullback and resilient to macro/AI headwinds. Buy Spotify Technology Stock Now Down 33% Before Earnings
• Positive Sentiment: Price-target upgrades and inclusion on “best stocks” lists (plus KeyBanc’s lift) are supporting optimism, which can attract short-term buying into the earnings window. Spotify Technology (SPOT) Boosted by $5 Ahead of Upcoming Q1 Report
• Positive Sentiment: Macro-driven rebounds in European tech have highlighted Spotify as an undervalued name, drawing fresh flow from thematic screens and value-seeking funds. 3 Undervalued European Tech Stocks to Buy After the Ceasefire (SPOT)
• Neutral Sentiment: Analyst models and key-metric projections for Spotify’s Q1 (subs, ARPU, ad revenue) are being closely watched — the report could swing the stock either way depending on guidance and metric beats/misses. What Analyst Projections for Key Metrics Reveal About Spotify (SPOT) Q1 Earnings
• Neutral Sentiment: Coverage of Spotify’s 20th anniversary highlights long-term strategic questions (new features, content, monetization) — positive for narrative but unclear near-term earnings impact. Spotify At 20 Sparks Fresh Questions On Growth And Valuation The highs and lows of Spotify’s first 20 years
• Negative Sentiment: Regulatory risk surfaced after Texas announced a probe of streaming platforms — any escalation or broader legal/regulatory action could weigh on sentiment and valuation. Texas announces probe of music streaming platforms. Spotify stock whipsaws

Analysts Set New Price Targets

A number of equities analysts have commented on SPOT shares. Barclays cut their price objective on shares of Spotify Technology from $650.00 to $600.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Cantor Fitzgerald dropped their price target on shares of Spotify Technology from $615.00 to $525.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Moffett Nathanson initiated coverage on shares of Spotify Technology in a report on Tuesday, January 27th. They set a “neutral” rating and a $487.00 price target for the company. UBS Group reduced their price objective on shares of Spotify Technology from $850.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, January 9th. Finally, Daiwa Securities Group started coverage on Spotify Technology in a research report on Thursday, March 26th. They set an “outperform” rating and a $535.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $692.14.

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.