Spotify Technology $SPOT Holdings Decreased by Lbp Am Sa

Lbp Am Sa decreased its holdings in Spotify Technology (NYSE:SPOT) by 17.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,859 shares of the company’s stock after selling 13,245 shares during the period. Lbp Am Sa’s holdings in Spotify Technology were worth $44,574,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sivia Capital Partners LLC acquired a new position in shares of Spotify Technology in the second quarter worth $312,000. Fifth Third Bancorp raised its stake in shares of Spotify Technology by 255.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,072 shares of the company’s stock worth $823,000 after purchasing an additional 770 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of Spotify Technology by 6.9% during the 2nd quarter. Perigon Wealth Management LLC now owns 1,129 shares of the company’s stock valued at $866,000 after buying an additional 73 shares during the last quarter. Hartford Investment Management Co. lifted its holdings in shares of Spotify Technology by 27.5% during the 2nd quarter. Hartford Investment Management Co. now owns 1,847 shares of the company’s stock valued at $1,417,000 after buying an additional 398 shares during the last quarter. Finally, Kathmere Capital Management LLC grew its stake in shares of Spotify Technology by 2.0% in the 2nd quarter. Kathmere Capital Management LLC now owns 1,122 shares of the company’s stock valued at $861,000 after buying an additional 22 shares in the last quarter. 84.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on SPOT. Sanford C. Bernstein dropped their price target on shares of Spotify Technology from $830.00 to $650.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 14th. Pivotal Research lowered their price objective on Spotify Technology from $900.00 to $875.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Cantor Fitzgerald lowered their price target on Spotify Technology from $675.00 to $615.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Rosenblatt Securities lowered their price target on Spotify Technology from $700.00 to $670.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Finally, Erste Group Bank lowered Spotify Technology from a “buy” rating to a “hold” rating in a report on Friday, December 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Spotify Technology has a consensus rating of “Moderate Buy” and an average target price of $739.07.

Spotify Technology Stock Performance

NYSE:SPOT opened at $512.45 on Monday. The company has a 50-day moving average of $569.50 and a 200-day moving average of $643.67. Spotify Technology has a 52 week low of $475.01 and a 52 week high of $785.00. The company has a market capitalization of $105.51 billion, a price-to-earnings ratio of 80.57, a PEG ratio of 0.97 and a beta of 1.66.

Spotify Technology (NYSE:SPOT) last announced its earnings results on Tuesday, November 4th. The company reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $1.96. Spotify Technology had a net margin of 8.46% and a return on equity of 21.68%. The business had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $4.23 billion. During the same quarter last year, the company posted $1.45 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Sell-side analysts forecast that Spotify Technology will post 10.3 EPS for the current year.

Spotify Technology News Roundup

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

• Positive Sentiment: Goldman Sachs upgraded SPOT to Buy with a $700 price target, calling the recent selloff an attractive entry point ahead of results; that upgrade is a primary driver of the rally. Spotify Stock Rises After Buy Upgrade. Why Goldman Is Singing Its Praises.
• Positive Sentiment: Spotify rolled out an AI-driven “prompted playlist” for U.S. and Canadian Premium users that customizes playlists from natural-language prompts — a product improvement that may boost engagement and retention. Spotify launches AI-driven ‘prompted playlist’ for premium users in US, Canada
• Positive Sentiment: Spotify is also deploying other AI playlist tools and personalization features across markets — incremental product wins that support higher user engagement and upsell potential. Spotify Rolls Out AI-Driven Playlist Generator for U.S. and Canadian Premium Users
• Positive Sentiment: Reports that Spotify may let users sync audiobooks with physical books indicate new product expansion into audiobooks/reading-adjacent features — potential longer-term revenue diversification. Spotify might soon let you sync audiobooks with real books
• Neutral Sentiment: Tech press highlights how Spotify’s new playlist features differ from Apple Music — useful competitive context but not an immediate earnings driver. Spotify’s newest playlist feature is unlike anything on Apple Music
• Negative Sentiment: Analysts and commentators warn U.S. price hikes for Premium could test growth and raise churn risk, which is a near-term headwind for subscriber-led revenue. Spotify (SPOT) Valuation Check As New Premium Price Hikes Test Growth And Churn Concerns
• Negative Sentiment: Barclays issued a pessimistic forecast for SPOT, adding downside pressure and reminding investors valuation and execution risk remain. Barclays Issues Pessimistic Forecast for Spotify Technology (NYSE:SPOT) Stock Price
• Negative Sentiment: Commentators including Jim Cramer have flagged Spotify’s high P/E as a drag on the stock — valuation sensitivity means sentiment shifts can move the shares sharply. Jim Cramer says high price-to-earnings multiples are hurting Spotify stock

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.