Global Retirement Partners LLC Raises Holdings in Spotify Technology $SPOT

Global Retirement Partners LLC lifted its holdings in shares of Spotify Technology (NYSE:SPOT) by 88.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,031 shares of the company’s stock after acquiring an additional 1,893 shares during the period. Global Retirement Partners LLC’s holdings in Spotify Technology were worth $2,341,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Quadcap Wealth Management LLC grew its stake in shares of Spotify Technology by 5.7% during the third quarter. Quadcap Wealth Management LLC now owns 295 shares of the company’s stock worth $206,000 after acquiring an additional 16 shares during the last quarter. Sagespring Wealth Partners LLC grew its stake in shares of Spotify Technology by 2.9% during the fourth quarter. Sagespring Wealth Partners LLC now owns 636 shares of the company’s stock worth $370,000 after acquiring an additional 18 shares during the last quarter. Ameritas Advisory Services LLC grew its stake in shares of Spotify Technology by 7.9% during the third quarter. Ameritas Advisory Services LLC now owns 260 shares of the company’s stock worth $181,000 after acquiring an additional 19 shares during the last quarter. Aprio Wealth Management LLC boosted its position in Spotify Technology by 3.1% in the third quarter. Aprio Wealth Management LLC now owns 633 shares of the company’s stock valued at $442,000 after buying an additional 19 shares during the last quarter. Finally, Petra Financial Advisors Inc. boosted its position in Spotify Technology by 1.2% in the third quarter. Petra Financial Advisors Inc. now owns 1,639 shares of the company’s stock valued at $1,144,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Insider Buying and Selling

In other Spotify Technology news, CEO Gustav Soderstrom sold 20,833 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $473.52, for a total value of $9,864,842.16. Following the completion of the transaction, the chief executive officer directly owned 20,609 shares of the company’s stock, valued at approximately $9,758,773.68. The trade was a 50.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Alex Norstrom sold 5,436 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 69,989 shares of the company’s stock, valued at $33,560,425.39. The trade was a 7.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 47,102 shares of company stock valued at $21,444,648 over the last three months. 0.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SPOT has been the topic of a number of recent research reports. Cantor Fitzgerald dropped their target price on Spotify Technology from $525.00 to $430.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Citigroup upgraded Spotify Technology from a “neutral” rating to a “buy” rating and set a $650.00 target price on the stock in a research report on Friday, January 30th. Daiwa Securities Group initiated coverage on Spotify Technology in a research report on Thursday, March 26th. They issued an “outperform” rating and a $535.00 target price on the stock. Rosenblatt Securities upped their target price on Spotify Technology from $500.00 to $534.00 and gave the company a “neutral” rating in a research report on Friday. Finally, The Goldman Sachs Group dropped their target price on Spotify Technology from $670.00 to $600.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Spotify Technology currently has a consensus rating of “Moderate Buy” and an average target price of $652.46.

Trending Headlines about Spotify Technology

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

• Positive Sentiment: Spotify announced a new AI partnership with Universal Music Group that will let Premium users create licensed AI-generated covers and remixes, opening a potential new revenue stream while giving artists a cut of the economics. Spotify strikes deal with Universal Music to let premium users create AI covers, remixes
• Positive Sentiment: Management reinforced a bullish 2030 outlook, calling for mid-teens annual revenue growth and gross margins of 35% to 40%, which supports the argument that profitability can keep improving. Spotify stock pops on guidance at first investor day since 2022
• Positive Sentiment: Several Wall Street firms raised price targets after the event, including JPMorgan, Wells Fargo, Morgan Stanley, Barclays, Citizens JMP, and Jefferies, signaling stronger confidence in Spotify’s growth story. Analyst target hikes
• Positive Sentiment: Spotify also introduced new product features tied to engagement and monetization, including AI-generated podcasts, audiobook tools, and reserved concert tickets for top fans, which could deepen user activity and subscription value. Spotify adds AI-powered Q&A and briefing generation features to podcasts
• Neutral Sentiment: A Seeking Alpha opinion piece argued Spotify’s long-term path deserves a premium valuation, but this is more commentary than a new fundamental catalyst. Spotify’s Path Forward Deserves This Premium
• Negative Sentiment: One Seeking Alpha note warned that weaker advertising trends could be a concern, suggesting ad-market softness may remain a headwind even as Spotify’s premium business improves. Spotify: Weaker Advertising Trends Are Becoming A Concern (Downgrade)

Spotify Technology Stock Up 5.9%

Shares of NYSE SPOT opened at $518.92 on Friday. Spotify Technology has a 52 week low of $405.00 and a 52 week high of $785.00. The firm has a market cap of $106.83 billion, a P/E ratio of 41.35, a P/E/G ratio of 1.25 and a beta of 1.55. The business’s 50 day moving average price is $479.80 and its 200 day moving average price is $523.86.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $4.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.63. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.The company had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same period in the previous year, the company posted $1.07 earnings per share. Spotify Technology’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, research analysts expect that Spotify Technology will post 14.86 earnings per share for the current year.

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.