Mitsubishi UFJ Asset Management Co. Ltd. Grows Stock Holdings in Spotify Technology $SPOT

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Spotify Technology (NYSE:SPOT) by 7.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 152,527 shares of the company’s stock after purchasing an additional 10,930 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Spotify Technology were worth $87,703,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. State Street Corp increased its position in shares of Spotify Technology by 1.1% during the third quarter. State Street Corp now owns 4,622,298 shares of the company’s stock valued at $3,226,364,000 after acquiring an additional 48,070 shares during the last quarter. Capital World Investors increased its position in shares of Spotify Technology by 40.7% during the third quarter. Capital World Investors now owns 2,730,713 shares of the company’s stock valued at $1,906,260,000 after acquiring an additional 789,755 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Spotify Technology by 4.6% during the third quarter. Fisher Asset Management LLC now owns 2,602,625 shares of the company’s stock valued at $1,816,632,000 after acquiring an additional 113,612 shares during the last quarter. Coatue Management LLC increased its position in shares of Spotify Technology by 13.3% during the third quarter. Coatue Management LLC now owns 1,803,173 shares of the company’s stock valued at $1,258,615,000 after acquiring an additional 212,006 shares during the last quarter. Finally, Sands Capital Management LLC increased its position in shares of Spotify Technology by 14.2% during the third quarter. Sands Capital Management LLC now owns 1,547,640 shares of the company’s stock valued at $1,080,253,000 after acquiring an additional 192,837 shares during the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Trending Headlines about Spotify Technology

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

• Positive Sentiment: Spotify is expanding its AI features — the interactive AI DJ now supports French, German, Italian and Brazilian Portuguese, widening the feature’s addressable audience and engagement potential outside English/Spanish markets. Spotify’s AI DJ now supports French, German, Italian and Brazilian Portuguese
• Positive Sentiment: Management is publicly pursuing AI-driven audio growth — Spotify is positioning itself as a hub for AI-generated personal audio, which could create new monetization and content-differentiation paths if adoption scales. Spotify wants to become the home for AI-generated personal audio
• Positive Sentiment: Analysts remain broadly constructive — multiple recent write-ups highlight large upside from current levels (analyst consensus shows many Buy ratings and material modeled upside), supporting upside expectations. ​Spotify Technology (SPOT) Down 23% YTD, Should You Buy Before The Next Bull Run?
• Positive Sentiment: Underlying fundamentals remain supportive — the company recently reported an earnings beat and solid margin metrics, which underpins bullish analyst forecasts and helps explain the stock’s positive move today.
• Neutral Sentiment: Partnership noise — coverage of a Peloton earnings beat referenced a Spotify partnership; this could be incremental distribution/engagement but is not yet a clear revenue driver for Spotify. Peloton Soars 11% on Q3 Profit Turnaround, Raised Guidance, Spotify Partnership
• Neutral Sentiment: Heightened investor attention — Zacks and other outlets note increased searches and coverage on SPOT; attention can amplify moves but doesn’t on its own change fundamentals. Investors Heavily Search Spotify Technology (SPOT): Here is What You Need to Know
• Negative Sentiment: Insider sale — CEO Gustav Söderström sold 20,833 shares under a pre-arranged 10b5-1 plan to cover tax withholding from vesting awards; markets often react negatively to large insider sales despite tax or plan-related context. Insider sale by Gustav Söderström
• Negative Sentiment: Investor litigation risk — Pomerantz has opened an investor investigation into Spotify, which adds legal/regulatory overhang until details are resolved. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Spotify Technology S.A. – SPOT

Analyst Ratings Changes

A number of brokerages have weighed in on SPOT. Moffett Nathanson began coverage on shares of Spotify Technology in a research report on Tuesday, January 27th. They set a “neutral” rating and a $487.00 price target for the company. Barclays dropped their price target on shares of Spotify Technology from $600.00 to $500.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Benchmark dropped their price target on shares of Spotify Technology from $760.00 to $695.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Citizens Jmp reaffirmed a “market outperform” rating and set a $600.00 target price (down from $800.00) on shares of Spotify Technology in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group cut their target price on shares of Spotify Technology from $670.00 to $600.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Spotify Technology has a consensus rating of “Moderate Buy” and an average target price of $645.77.

Insider Activity at Spotify Technology

In other Spotify Technology 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 transaction of $2,606,616.36. Following the completion of the transaction, the chief executive officer 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 legal filing with the SEC, which is available at 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 transaction, the chief executive officer owned 20,609 shares of the company’s stock, valued at $9,758,773.68. This trade represents a 50.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 47,102 shares of company stock valued at $21,444,648 in the last quarter. 0.40% of the stock is currently owned by company insiders.

Spotify Technology Stock Up 0.5%

Shares of SPOT opened at $427.51 on Friday. Spotify Technology has a fifty-two week low of $405.00 and a fifty-two week high of $785.00. The firm’s 50 day moving average price is $496.76 and its 200 day moving average price is $539.88. The company has a market cap of $88.01 billion, a P/E ratio of 34.06, a PEG ratio of 1.05 and a beta of 1.55.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $4.04 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $5.23 billion. During the same quarter in the previous year, the business posted $1.07 EPS. The firm’s revenue was up 8.2% on a year-over-year basis. Research analysts forecast that Spotify Technology will post 14.51 earnings per share for the current year.

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.