Resona Asset Management Co. Ltd. Sells 1,247 Shares of Spotify Technology $SPOT

Resona Asset Management Co. Ltd. decreased its holdings in shares of Spotify Technology (NYSE:SPOT) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,467 shares of the company’s stock after selling 1,247 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Spotify Technology were worth $22,919,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. KERR FINANCIAL PLANNING Corp bought a new position in Spotify Technology during the third quarter worth $26,000. Greykasell Wealth Strategies Inc. boosted its stake in Spotify Technology by 3,800.0% during the third quarter. Greykasell Wealth Strategies Inc. now owns 39 shares of the company’s stock worth $27,000 after acquiring an additional 38 shares in the last quarter. Westfuller Advisors LLC bought a new position in Spotify Technology during the third quarter worth $29,000. Newbridge Financial Services Group Inc. bought a new position in Spotify Technology during the fourth quarter worth $35,000. Finally, JPL Wealth Management LLC bought a new position in Spotify Technology during the third quarter worth $35,000. Institutional investors own 84.09% of the company’s stock.

Analyst Upgrades and Downgrades

SPOT has been the subject of a number of research reports. Guggenheim reduced their price objective on Spotify Technology from $600.00 to $565.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Cantor Fitzgerald reduced their price objective on Spotify Technology from $525.00 to $430.00 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. Weiss Ratings raised shares of Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Pivotal Research decreased their target price on shares of Spotify Technology from $420.00 to $400.00 and set a “hold” rating for the company in a research report on Wednesday, April 29th. Finally, Benchmark decreased their target price on shares of Spotify Technology from $760.00 to $695.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $645.77.

Spotify Technology News Summary

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

• Positive Sentiment: Erste Group Bank raised its FY2026 and FY2027 earnings estimates for Spotify, signaling improving profit expectations and reinforcing the view that the company can deliver stronger earnings than the current consensus.
• Positive Sentiment: Spotify announced it will host an Investor Day on May 21, which could provide catalysts if management outlines better margin, subscriber, or monetization trends. Spotify Technology S.A. to Host Investor Day 2026
• Positive Sentiment: The company introduced podcast-related product updates, including banning AI-generated podcasts and adding verified badges, which may help improve content quality and trust on the platform. Spotify bans AI-generated podcasts & adds verified badges for podcasts
• Positive Sentiment: Spotify also said it is adopting Apple video podcast technology, a move that could enhance its podcast offering and support engagement over time. Spotify adopts Apple video podcast technology
• Neutral Sentiment: Spotify’s temporary 20th-anniversary app icon and related logo chatter look like branding noise rather than a fundamental business driver. Spotify’s disco ball icon is ugly. You looked!
• Negative Sentiment: Pomerantz LLP said it is investigating claims on behalf of Spotify investors, adding a legal uncertainty that can weigh on sentiment even before any formal complaint is filed. Investor alert: Pomerantz law firm investigates Spotify

Spotify Technology Price Performance

SPOT opened at $440.64 on Wednesday. The company’s 50-day moving average is $482.76 and its 200 day moving average is $526.62. Spotify Technology has a fifty-two week low of $405.00 and a fifty-two week high of $785.00. The firm has a market capitalization of $90.72 billion, a P/E ratio of 35.11, a PEG ratio of 1.07 and a beta of 1.55.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $4.04 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.63. The business had revenue of $5.25 billion for 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%.Spotify Technology’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company posted $1.07 earnings per share. On average, equities research analysts expect that Spotify Technology will post 14.88 earnings per share for the current year.

Insider Activity

In other Spotify Technology news, CEO Alex Norstrom sold 5,436 shares of Spotify Technology stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $479.51, for a total value of $2,606,616.36. Following the sale, the chief executive officer owned 69,989 shares of the company’s stock, valued at approximately $33,560,425.39. The trade was a 7.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gustav Soderstrom sold 20,833 shares of Spotify Technology stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $430.72, for a total transaction of $8,973,189.76. Following the completion of the sale, the chief executive officer directly owned 20,492 shares in the company, valued at approximately $8,826,314.24. This represents a 50.41% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 47,102 shares of company stock worth $21,444,648. Insiders own 0.40% of the company’s stock.

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.