50,579 Spotify Technology $SPOT Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Spotify Technology (NYSE:SPOT) by 10.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 417,066 shares of the company’s stock after selling 50,579 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.20% of Spotify Technology worth $203,270,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Tsfg LLC lifted its position in shares of Spotify Technology by 39.7% during the 2nd quarter. Tsfg LLC now owns 81 shares of the company’s stock worth $37,000 after purchasing an additional 23 shares during the last quarter. Carl P. Sherr & Co. LLC increased its holdings in Spotify Technology by 0.7% in the first quarter. Carl P. Sherr & Co. LLC now owns 4,138 shares of the company’s stock valued at $2,007,000 after buying an additional 27 shares during the last quarter. Frank Rimerman Advisors LLC raised its stake in Spotify Technology by 2.8% in the third quarter. Frank Rimerman Advisors LLC now owns 1,066 shares of the company’s stock valued at $520,000 after buying an additional 29 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in Spotify Technology by 7.5% during the 1st quarter. Arkadios Wealth Advisors now owns 474 shares of the company’s stock worth $230,000 after buying an additional 33 shares during the last quarter. Finally, Simplicity Wealth LLC boosted its position in shares of Spotify Technology by 4.4% during the 1st quarter. Simplicity Wealth LLC now owns 860 shares of the company’s stock worth $417,000 after acquiring an additional 36 shares in the last quarter. Institutional investors and hedge funds own 84.09% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Spotify Technology from $650.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Stonex Financia cut shares of Spotify Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 14th. Guggenheim upped their target price on shares of Spotify Technology from $575.00 to $650.00 and gave the company a “buy” rating in a report on Friday, October 23rd. Morgan Stanley increased their target price on shares of Spotify Technology from $640.00 to $700.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $625.00 target price on shares of Spotify Technology in a research report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Spotify Technology presently has an average rating of “Moderate Buy” and an average target price of $620.07.

Insider Buying and Selling

In other news, CEO Gustav Söderström sold 20,913 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $544.19, for a total value of $11,380,645.47. Following the completion of the sale, the chief executive officer directly owned 20,025 shares of the company’s stock, valued at approximately $10,897,404.75. This represents a 51.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.40% of the company’s stock.

Key Spotify Technology News

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

• Positive Sentiment: Paid AI remix service could create a new revenue stream. Spotify reportedly plans to launch an AI-powered service in the first quarter of 2027 that would allow subscribers to create personalized remixes and cover versions of existing songs. The company is considering an additional charge of approximately $4 to $5 per month, potentially increasing average revenue per user and improving the economics of its AI investments. Spotify Gains 6% on Early 2027 AI Remix Launch Plan and Price Hikes
• Positive Sentiment: Investors are rewarding a monetization strategy while the market penalizes costly AI initiatives. The reported subscription add-on gives Spotify a clearer path to generating revenue from AI capabilities, easing concerns that the technology could simply raise expenses or threaten the company’s existing music business. Spotify Climbs on Report of Paid AI Remix Service
• Positive Sentiment: An analyst raised Spotify’s fiscal 2026 EPS estimate, providing an additional favorable signal for earnings expectations. FY2026 EPS Estimate for Spotify Technology Raised by Analyst
• Neutral Sentiment: The AI launch remains a report rather than a finalized product announcement. Its financial impact will depend on pricing, subscriber adoption, licensing arrangements and the company’s ability to address copyright concerns involving AI-generated music. Spotify Targets 2027 Launch AI Remix Service
• Negative Sentiment: Phillip Securities downgraded Spotify to “Moderate Buy,” indicating less conviction in the stock’s near-term upside despite the positive AI news. Spotify Technology Cut to Moderate Buy

Spotify Technology Stock Up 0.3%

SPOT opened at $595.20 on Monday. The firm has a market cap of $122.54 billion, a price-to-earnings ratio of 39.46, a price-to-earnings-growth ratio of 1.84 and a beta of 1.61. Spotify Technology has a 52 week low of $405.00 and a 52 week high of $668.49. The business’s 50 day moving average is $530.67 and its two-hundred day moving average is $498.22.

Spotify Technology (NYSE:SPOT) last announced its earnings results on Thursday, October 22nd. The company reported $2.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.18 by ($0.37). The business had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.64 billion. Spotify Technology had a return on equity of 35.64% and a net margin of 15.74%. The business’s revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the business posted $3.28 earnings per share. Equities analysts expect that Spotify Technology will post 13.66 EPS for the current fiscal year.

Spotify Technology Company Profile

Spotify Technology SA is an audio streaming company that operates the Spotify platform, offering users access to music, podcasts and audiobooks through internet-connected devices. Its catalog includes licensed recordings from music labels and artists, as well as podcasts and other audio content from creators and publishers.

Spotify provides both an ad-supported service and subscription-based Premium plans. Premium subscribers generally receive ad-free listening and additional features, while the advertising-supported service allows users to access content without a paid subscription.