First Long Island Investors LLC Acquires Shares of 12,190 Spotify Technology $SPOT

First Long Island Investors LLC bought a new stake in Spotify Technology (NYSE:SPOT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,190 shares of the company’s stock, valued at approximately $8,509,000.

Other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC grew its position in Spotify Technology by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 2,602,625 shares of the company’s stock valued at $1,816,632,000 after buying an additional 113,612 shares during the last quarter. Journey Strategic Wealth LLC lifted its stake in shares of Spotify Technology by 6.1% in the 3rd quarter. Journey Strategic Wealth LLC now owns 417 shares of the company’s stock worth $291,000 after acquiring an additional 24 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of Spotify Technology in the third quarter valued at about $109,000. Holderness Investments Co. boosted its holdings in shares of Spotify Technology by 10.2% in the third quarter. Holderness Investments Co. now owns 486 shares of the company’s stock valued at $339,000 after acquiring an additional 45 shares in the last quarter. Finally, APG Asset Management N.V. raised its holdings in Spotify Technology by 2.8% during the third quarter. APG Asset Management N.V. now owns 95,833 shares of the company’s stock worth $66,891,000 after purchasing an additional 2,600 shares in the last quarter. Institutional investors and hedge funds own 84.09% of the company’s stock.

Spotify Technology News Roundup

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

• Positive Sentiment: Spotify is rolling out AI-powered Prompted Playlists (beta) and other personalization tools for Premium users — moves that can lift engagement, retention and ARPU if adoption scales. Spotify AI Tools And Curation Push Test Premium Engagement And Value
• Positive Sentiment: A research upgrade to Buy with a $586 price target (Arete Research) increases near-term upside expectations and likely contributed to buying interest. Finviz
• Positive Sentiment: Coverage noting improving profitability and “margin durability” helped spur further gains — analyst commentary on margin upside reinforces the narrative from Spotify’s recent strong quarterly beat. Spotify jumps as bullish analyst upgrade highlights margin upside
• Positive Sentiment: Product-level UX improvements like Smart Reorder (playlist sequencing) are live for users — small product upgrades that can incrementally increase time spent and perceived value of Premium. Give your Spotify playlist a mixologist with Smart Reorder
• Positive Sentiment: Recent quarterly results (strong EPS beat and margin improvement) remain a positive backdrop supporting upgrades and investor confidence in operating leverage.
• Neutral Sentiment: Spotify is expanding further into books/audiobooks — a diversification that could increase content revenue over time but is early-stage for material financial impact. Spotify continues its march into the book world
• Neutral Sentiment: Sector pieces reiterate streaming tailwinds from ads, subscriptions and AI personalization — supportive macro context but not SPOT-specific catalysts. Must-Track Streaming Stocks in the Evolving Media Landscape
• Negative Sentiment: Some odd publicity (a $495 “musical urn” product story) creates noise around brand messaging; not material to fundamentals but could distract from core narrative. Spend your afterlife inside Spotify’s latest device, a $495 musical urn
• Negative Sentiment: Guggenheim published a pessimistic near-term forecast for SPOT, which could limit upside for more conservative investors and weigh on sentiment if echoed by others. Guggenheim Issues Pessimistic Forecast for Spotify Technology (NYSE:SPOT) Stock Price

Spotify Technology Stock Performance

Shares of SPOT opened at $514.02 on Monday. Spotify Technology has a 1 year low of $405.00 and a 1 year high of $785.00. The company’s 50 day simple moving average is $512.60 and its 200 day simple moving average is $607.01. The company has a market capitalization of $105.80 billion, a price-to-earnings ratio of 53.32, a PEG ratio of 1.12 and a beta of 1.66.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $5.16 earnings per share for the quarter, beating the consensus estimate of $3.16 by $2.00. Spotify Technology had a return on equity of 31.35% and a net margin of 13.16%.The company had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the previous year, the firm posted $1.88 EPS. Spotify Technology’s revenue was up 6.8% on a year-over-year basis. Equities analysts expect that Spotify Technology will post 10.3 EPS for the current fiscal year.

Analyst Ratings Changes

SPOT has been the topic of a number of analyst reports. Cantor Fitzgerald lowered their price objective on Spotify Technology from $615.00 to $525.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. DZ Bank upgraded shares of Spotify Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Barclays lifted their price target on shares of Spotify Technology from $625.00 to $650.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Pivotal Research downgraded Spotify Technology from a “buy” rating to a “hold” rating and dropped their price objective for the company from $875.00 to $420.00 in a research note on Wednesday, February 11th. Finally, Moffett Nathanson started coverage on Spotify Technology in a research report on Tuesday, January 27th. They set a “neutral” rating and a $487.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $698.91.

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.