Spotify Technology $SPOT Holdings Increased by Sterling Capital Management LLC

Sterling Capital Management LLC raised its stake in Spotify Technology (NYSE:SPOT) by 28.1% during the third quarter, HoldingsChannel.com reports. The fund owned 5,312 shares of the company’s stock after acquiring an additional 1,164 shares during the quarter. Sterling Capital Management LLC’s holdings in Spotify Technology were worth $2,589,000 at the end of the most recent reporting period.

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

Trending Headlines about Spotify Technology

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

• Positive Sentiment: Spotify reported 306 million premium subscribers in the third quarter, up 9% year over year and 1 million above its guidance. Monthly active users rose 11% to 788 million, with growth across all regions. Spotify Stock Jumps as Subscriber Growth Beats Expectations
• Positive Sentiment: Revenue increased roughly 16% year over year to about €4.97 billion, while gross margin expanded 140 basis points to 33% and operating income exceeded company guidance. Spotify expects fourth-quarter operating profit above Wall Street expectations and projects revenue of approximately €6.0 billion. Spotify forecasts fourth-quarter profit above estimates on AI bets
• Positive Sentiment: Management highlighted AI-powered personalization, including its “taste model,” as a way to increase listening, reduce churn and support pricing power. It also expects moderating expenses and continued margin expansion, with long-term targets of more than 20% operating margin and 35%–40% gross margin by 2030. Spotify Soars After Earnings as the Company Touts AI Benefits and Moderating Costs
• Positive Sentiment: Several analysts raised their targets following the results. Morgan Stanley and JPMorgan lifted targets to $700 with overweight ratings, while Wells Fargo, Barclays, Oppenheimer and Guggenheim also raised targets to $650–$660. Spotify Analysts Raise Their Forecasts Following Q3 Earnings
• Neutral Sentiment: Spotify’s headline results were mixed: quarterly EPS of roughly $2.78–$2.85 missed consensus near $3.10–$3.18, while revenue was slightly below estimates. Piper Sandler maintained a neutral rating with a $580 target, and Cantor Fitzgerald maintained neutral at $550.
• Negative Sentiment: TD Cowen reaffirmed a hold rating with a $525 price target, and some newly raised targets remain below the current market valuation, signaling concerns that much of the subscriber and AI optimism may already be reflected in SPOT shares.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SPOT shares. Oppenheimer lifted their price target on shares of Spotify Technology from $550.00 to $650.00 and gave the company an “outperform” rating in a report on Friday. Cantor Fitzgerald upped their price objective on shares of Spotify Technology from $490.00 to $550.00 and gave the stock a “neutral” rating in a research note on Friday. Barclays raised their price objective on shares of Spotify Technology from $565.00 to $650.00 and gave the stock an “overweight” rating in a report on Friday. Piper Sandler reiterated a “neutral” rating and issued a $580.00 target price (up from $540.00) on shares of Spotify Technology in a research note on Friday. Finally, UBS Group cut their target price on shares of Spotify Technology from $690.00 to $675.00 and set a “buy” rating for the company in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $620.07.

Insider Activity at Spotify Technology

In related news, CEO Alex Norström sold 5,436 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $502.10, for a total value of $2,729,415.60. Following the completion of the transaction, the chief executive officer owned 66,773 shares in the company, valued at $33,526,723.30. The trade was a 7.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,910 shares of the business’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $530.13, for a total transaction of $11,085,018.30. Following the completion of the transaction, the chief executive officer owned 19,908 shares of the company’s stock, valued at $10,553,828.04. This trade represents a 51.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 68,092 shares of company stock worth $35,762,410 over the last three months. 0.40% of the stock is owned by insiders.

Spotify Technology Stock Down 0.1%

Shares of NYSE SPOT opened at $583.84 on Monday. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $676.67. The firm’s 50-day simple moving average is $526.60 and its 200 day simple moving average is $497.97. The company has a market cap of $120.20 billion, a price-to-earnings ratio of 38.71, a price-to-earnings-growth ratio of 1.81 and a beta of 1.61.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $2.81 earnings per share for the quarter, missing the consensus estimate of $3.18 by ($0.37). Spotify Technology had a net margin of 15.74% and a return on equity of 35.64%. The company had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same quarter in the previous year, the business posted $3.28 EPS. The company’s revenue was up 16.3% compared to the same quarter last year. On average, equities analysts expect that Spotify Technology will post 13.62 earnings per share for the current 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.