Brown Advisory Inc. Purchases 207,902 Shares of Spotify Technology $SPOT

Brown Advisory Inc. lifted its position in Spotify Technology (NYSE:SPOT) by 33.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 834,718 shares of the company’s stock after purchasing an additional 207,902 shares during the period. Brown Advisory Inc.’s holdings in Spotify Technology were worth $484,744,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPOT. Aigen Investment Management LP acquired a new position in shares of Spotify Technology during the fourth quarter worth approximately $1,182,000. Aptus Capital Advisors LLC lifted its holdings in shares of Spotify Technology by 17.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 979 shares of the company’s stock worth $569,000 after buying an additional 142 shares during the last quarter. FORA Capital LLC acquired a new position in shares of Spotify Technology during the fourth quarter worth approximately $3,847,000. Kestra Advisory Services LLC lifted its holdings in shares of Spotify Technology by 8.7% during the fourth quarter. Kestra Advisory Services LLC now owns 5,798 shares of the company’s stock worth $3,367,000 after buying an additional 466 shares during the last quarter. Finally, Transamerica Financial Advisors LLC lifted its holdings in shares of Spotify Technology by 84.1% during the fourth quarter. Transamerica Financial Advisors LLC now owns 162 shares of the company’s stock worth $94,000 after buying an additional 74 shares during the last quarter. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Spotify Technology

In other news, Director Thomas O. Staggs sold 5,477 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $526.00, for a total value of $2,880,902.00. Following the sale, the director owned 3,619 shares in the company, valued at approximately $1,903,594. The trade was a 60.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher P. Marshall sold 2,650 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $519.86, for a total transaction of $1,377,629.00. Following the completion of the sale, the director owned 4,039 shares in the company, valued at $2,099,714.54. This represents a 39.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 111,442 shares of company stock valued at $54,647,508. Insiders own 0.40% of the company’s stock.

Spotify Technology Trading Down 1.1%

SPOT opened at $480.77 on Friday. The stock has a market cap of $98.98 billion, a PE ratio of 38.31, a P/E/G ratio of 1.18 and a beta of 1.56. Spotify Technology has a 1 year low of $405.00 and a 1 year high of $785.00. The stock’s 50 day simple moving average is $482.76 and its 200-day simple moving average is $510.88.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings data on Tuesday, April 28th. The company reported $4.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.63. The business had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.23 billion. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.Spotify Technology’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.07 earnings per share. Equities analysts forecast that Spotify Technology will post 14.71 earnings per share for the current fiscal year.

Key Stories Impacting Spotify Technology

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

• Positive Sentiment: Spotify’s Investor Day emphasized long-term growth targets focused on increasing subscriber conversion and strengthening its broader brand and AI-driven strategy, which investors viewed favorably. Spotify’s “North Star” Outlook Was Music to Investors Ears
• Positive Sentiment: Spotify also brought in a new head of PR and communications, signaling a stronger focus on reputation management and clearer messaging as it expands its content and AI initiatives. Will Spotify (SPOT) Elevate Its Brand Narrative As AI Strategy Deepens Under New PR Leadership?
• Neutral Sentiment: Spotify reversed its iPhone app icon change after user backlash, a small brand-related issue that is unlikely to materially affect fundamentals. Spotify reverts iPhone app icon to original after disco-ball backlash
• Negative Sentiment: Several analysts trimmed earnings estimates slightly, including Erste Group Bank lowering FY2026 and FY2027 EPS forecasts, which adds a modest headwind to sentiment. Spotify Technology (SPOT) analyst estimate updates
• Negative Sentiment: Recent trading has also reflected broader weakness, with SPOT sliding in the latest sessions even as the market rose, suggesting investors are still cautious after a strong run. Spotify (SPOT) Stock Slides as Market Rises: Facts to Know Before You Trade

Analysts Set New Price Targets

A number of brokerages have recently commented on SPOT. Pivotal Research cut their price target on Spotify Technology from $420.00 to $400.00 and set a “hold” rating for the company in a report on Wednesday, April 29th. UBS Group cut their price target on Spotify Technology from $760.00 to $735.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Barclays upped their price target on Spotify Technology from $500.00 to $565.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Morgan Stanley upped their price target on Spotify Technology from $590.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Finally, Benchmark cut their price target on Spotify Technology from $760.00 to $695.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Spotify Technology presently has an average rating of “Moderate Buy” and a consensus price target of $655.92.

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.