Spotify Technology $SPOT Stake Decreased by One Way Holdings LLC

One Way Holdings LLC cut its stake in shares of Spotify Technology (NYSE:SPOT) by 98.0% in the third quarter, Holdings Channel.com reports. The fund owned 766 shares of the company’s stock after selling 36,781 shares during the period. One Way Holdings LLC’s holdings in Spotify Technology were worth $373,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC lifted its holdings in shares of Spotify Technology by 20.1% in the 1st quarter. Janus Henderson Group PLC now owns 1,711,015 shares of the company’s stock worth $829,641,000 after acquiring an additional 286,844 shares during the last quarter. Tiger Global Management LLC boosted its position in shares of Spotify Technology by 25.3% during the 1st quarter. Tiger Global Management LLC now owns 1,580,761 shares of the company’s stock worth $766,527,000 after purchasing an additional 319,300 shares during the period. Amundi increased its holdings in Spotify Technology by 20.0% in the 1st quarter. Amundi now owns 1,104,484 shares of the company’s stock valued at $535,575,000 after purchasing an additional 183,994 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Spotify Technology by 53.4% in the 1st quarter. Principal Financial Group Inc. now owns 989,667 shares of the company’s stock valued at $479,899,000 after purchasing an additional 344,471 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in Spotify Technology by 1.8% in the 1st quarter. Sei Investments Co. now owns 749,495 shares of the company’s stock valued at $363,415,000 after purchasing an additional 13,381 shares during the last quarter. 84.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Rosenblatt Securities reissued a “neutral” rating and issued a $527.00 target price on shares of Spotify Technology in a research report on Tuesday, October 20th. Benchmark lowered their price target on Spotify Technology from $695.00 to $650.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. UBS Group dropped their price objective on Spotify Technology from $690.00 to $675.00 and set a “buy” rating for the company in a research note on Monday, October 5th. KeyCorp cut their price objective on Spotify Technology from $680.00 to $660.00 and set an “overweight” rating on the stock in a report on Thursday, October 1st. Finally, Morgan Stanley boosted their price objective on Spotify Technology from $640.00 to $700.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $620.07.

Spotify Technology Stock Performance

NYSE SPOT opened at $593.36 on Tuesday. The firm has a 50 day simple moving average of $531.87 and a 200-day simple moving average of $498.51. Spotify Technology has a one year low of $405.00 and a one year high of $668.49. The firm has a market cap of $122.16 billion, a price-to-earnings ratio of 39.34, a PEG ratio of 1.66 and a beta of 1.61.

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

Insider Buying and Selling

In other Spotify Technology news, CEO Gustav Söderström sold 20,913 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 20,025 shares of the company’s stock, valued at $10,897,404.75. This trade represents a 51.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.40% of the stock is owned by corporate insiders.

Trending Headlines about Spotify Technology

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

• Positive Sentiment: Subscriber growth and sector read-through supported the rally. Spotify gained 33% over six months, while a subscription beat from Universal Music provided a favorable read-across for the streaming industry. Spotify’s latest quarterly results also showed 6 million new premium subscribers—1 million above guidance—alongside 16% revenue growth and 15% operating-income growth. Spotify Is Up 33% in Six Months: Take Profits, or Buy More?
• Positive Sentiment: AI and international expansion offer additional growth avenues. Spotify reportedly plans to launch an AI music remix service within months and is emphasizing artist-led music as listening habits evolve in India. These initiatives could increase engagement, broaden Spotify’s product offering and support future monetization, although the financial impact remains unproven. Spotify to launch AI music remix service
• Neutral Sentiment: Analyst valuation remains constructive but not decisive. Spotify’s average price target is reported at $620.07, modestly above the recent trading level. Comparisons with Reddit are also prompting investors to reassess relative value among internet and software stocks, without establishing a clear new catalyst for SPOT. Spotify stock average price target
• Neutral Sentiment: A new podcast, The Top Five News, is now available on Spotify and Apple Podcasts. The launch adds content to Spotify’s catalog but is unlikely to materially affect near-term revenue or valuation. The Top Five News Show launches on Spotify
• Negative Sentiment: Valuation and earnings execution are key risks. Spotify trades at a high earnings multiple after its substantial advance. Its latest EPS of $2.81 missed the $3.18 consensus estimate, even though revenue was broadly in line, increasing the risk that investors take profits if growth slows or expectations rise further. Spotify Q3 report analysis

About Spotify Technology

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.