Resona Asset Management Co. Ltd. Sells 2,826 Shares of Spotify Technology $SPOT

Resona Asset Management Co. Ltd. reduced its stake in Spotify Technology (NYSE:SPOT) by 6.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,714 shares of the company’s stock after selling 2,826 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Spotify Technology were worth $28,418,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Spotify Technology by 1.2% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 179,320 shares of the company’s stock worth $125,165,000 after purchasing an additional 2,051 shares during the last quarter. Westfuller Advisors LLC purchased a new position in Spotify Technology during the 3rd quarter valued at approximately $29,000. Parkside Financial Bank & Trust increased its stake in Spotify Technology by 17.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 624 shares of the company’s stock worth $436,000 after acquiring an additional 91 shares during the last quarter. Quadrant Private Wealth Management LLC raised its holdings in shares of Spotify Technology by 27.0% during the 3rd quarter. Quadrant Private Wealth Management LLC now owns 456 shares of the company’s stock worth $318,000 after acquiring an additional 97 shares in the last quarter. Finally, Strs Ohio boosted its position in shares of Spotify Technology by 2.8% during the 3rd quarter. Strs Ohio now owns 81,261 shares of the company’s stock valued at $56,720,000 after acquiring an additional 2,224 shares during the last quarter. Institutional investors own 84.09% of the company’s stock.

Spotify Technology Trading Up 2.8%

SPOT stock opened at $512.45 on Friday. The stock has a market cap of $105.51 billion, a PE ratio of 80.57, a P/E/G ratio of 0.97 and a beta of 1.66. Spotify Technology has a 12 month low of $475.01 and a 12 month high of $785.00. The company has a 50-day moving average price of $569.50 and a 200 day moving average price of $644.22.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $3.83 earnings per share 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 company had revenue of $5.01 billion for the quarter, compared to analyst estimates of $4.23 billion. During the same period in the prior 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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SPOT. Erste Group Bank cut shares of Spotify Technology from a “buy” rating to a “hold” rating in a research report on Friday, December 5th. Phillip Securities upgraded shares of Spotify Technology from a “hold” rating to a “moderate buy” rating in a report on Monday, November 10th. DZ Bank raised shares of Spotify Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Barclays dropped their price target on Spotify Technology from $700.00 to $625.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Finally, Argus started coverage on Spotify Technology in a research report on Monday, September 29th. They set a “buy” rating and a $845.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $739.07.

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.