Y.D. More Investments Ltd Sells 1,757 Shares of Spotify Technology $SPOT

Y.D. More Investments Ltd lowered its stake in shares of Spotify Technology (NYSE:SPOT) by 30.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,000 shares of the company’s stock after selling 1,757 shares during the period. Y.D. More Investments Ltd’s holdings in Spotify Technology were worth $1,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sivia Capital Partners LLC bought a new stake in Spotify Technology in the 2nd quarter valued at $312,000. Jump Financial LLC boosted its holdings in shares of Spotify Technology by 5.2% during the 2nd quarter. Jump Financial LLC now owns 1,132 shares of the company’s stock valued at $869,000 after purchasing an additional 56 shares during the last quarter. Cary Street Partners Financial LLC bought a new position in shares of Spotify Technology during the 2nd quarter valued at about $178,000. NewEdge Advisors LLC grew its position in shares of Spotify Technology by 36.9% during the second quarter. NewEdge Advisors LLC now owns 12,650 shares of the company’s stock valued at $9,707,000 after purchasing an additional 3,412 shares in the last quarter. Finally, Glenview Trust co purchased a new position in shares of Spotify Technology during the second quarter valued at about $298,000. Institutional investors own 84.09% of the company’s stock.

Spotify Technology Price Performance

Shares of NYSE SPOT opened at $480.46 on Monday. The business’s 50 day moving average is $471.10 and its two-hundred day moving average is $494.73. Spotify Technology has a 1-year low of $405.00 and a 1-year high of $748.30. The stock has a market capitalization of $98.92 billion, a P/E ratio of 38.28, a PEG ratio of 1.18 and a beta of 1.56.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.63. The business had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.23 billion. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the company earned $1.07 EPS. As a group, equities research analysts anticipate that Spotify Technology will post 14.62 earnings per share for the current fiscal year.

Key Headlines Impacting Spotify Technology

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

• Positive Sentiment: UBS expects Spotify to report accelerating Q2 revenue growth of about 15.6% on a constant-currency basis, with results likely in line with management guidance, reinforcing confidence in the company’s near-term fundamentals. Spotify on track for double-digit growth, UBS says ahead of Q2
• Positive Sentiment: UBS maintained a buy rating on Spotify Technology (SPOT), signaling continued analyst support despite a lower price target. UBS lowers Spotify price target to $690
• Neutral Sentiment: Several analysts also adjusted price targets this week, including Rosenblatt and Wells Fargo, but the ratings stayed mostly neutral-to-bullish, suggesting expectations have shifted more than the underlying thesis. Spotify analyst price target changes
• Neutral Sentiment: Recent insider share sales by executives, including the CEO and co-CEO, drew attention, but the filings indicate the transactions were tied to tax withholding or pre-arranged trading plans, which softens the negative signal. Spotify CEO sells shares
• Negative Sentiment: Some market commentary highlighted insider selling and valuation concerns, which could pressure sentiment if investors decide Spotify’s growth is already priced in. Spotify stock could be 35% undervalued despite fraud stream removals

Insider Buying and Selling

In other Spotify Technology news, Director Sven Hans Martin Lorentzon sold 35,380 shares of Spotify Technology stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $525.73, for a total transaction of $18,600,327.40. Following the completion of the transaction, the director directly owned 6,383 shares of the company’s stock, valued at $3,355,734.59. The trade was a 84.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas O. Staggs sold 5,477 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $526.00, for a total transaction of $2,880,902.00. Following the completion of the sale, the director directly owned 3,619 shares in the company, valued at approximately $1,903,594. This represents a 60.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 111,442 shares of company stock valued at $54,757,553 over the last 90 days. 0.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on SPOT. Morgan Stanley boosted their target price on Spotify Technology from $590.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Wells Fargo & Company cut their price target on Spotify Technology from $600.00 to $570.00 and set an “overweight” rating for the company in a report on Thursday. Wall Street Zen raised Spotify Technology from a “hold” rating to a “buy” rating in a research note on Sunday. Cantor Fitzgerald upped their price objective on Spotify Technology from $430.00 to $520.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Finally, Rosenblatt Securities lowered their target price on Spotify Technology from $534.00 to $531.00 and set a “neutral” rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $638.58.

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.