Evercore Wealth Management LLC Increases Stock Position in Spotify Technology $SPOT

Evercore Wealth Management LLC lifted its position in shares of Spotify Technology (NYSE:SPOT) by 31,048.6% during the first quarter, Holdings Channel reports. The firm owned 151,382 shares of the company’s stock after acquiring an additional 150,896 shares during the period. Spotify Technology makes up 1.2% of Evercore Wealth Management LLC’s holdings, making the stock its 28th largest holding. Evercore Wealth Management LLC’s holdings in Spotify Technology were worth $73,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kemnay Advisory Services Inc. bought a new position in shares of Spotify Technology during the 4th quarter worth approximately $32,000. Portus Wealth Advisors LLC bought a new position in shares of Spotify Technology in the first quarter valued at approximately $32,000. Whipplewood Advisors LLC grew its holdings in shares of Spotify Technology by 423.1% in the first quarter. Whipplewood Advisors LLC now owns 68 shares of the company’s stock valued at $33,000 after acquiring an additional 55 shares in the last quarter. Palladiem LLC purchased a new stake in shares of Spotify Technology during the first quarter valued at approximately $34,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of Spotify Technology during the third quarter valued at approximately $35,000. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. The Goldman Sachs Group cut their price objective 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. Weiss Ratings cut Spotify Technology from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. UBS Group lowered their target price on Spotify Technology from $735.00 to $690.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Cantor Fitzgerald boosted their price target on shares of 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 reduced their price target on shares of Spotify Technology from $534.00 to $531.00 and set a “neutral” rating for the company in a research report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Spotify Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $630.70.

Insider Transactions at Spotify Technology

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

Spotify Technology Trading Up 2.6%

NYSE:SPOT opened at $495.05 on Tuesday. Spotify Technology has a 12 month low of $405.00 and a 12 month high of $748.30. The firm’s 50 day moving average is $482.63 and its 200 day moving average is $487.08. The stock has a market capitalization of $101.92 billion, a PE ratio of 39.45, a price-to-earnings-growth ratio of 1.19 and a beta of 1.56.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $4.04 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.63. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.The business had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same period in the prior year, the company earned $1.07 earnings per share. Spotify Technology’s revenue was up 8.2% compared to the same quarter last year. Research analysts predict that Spotify Technology will post 14.51 earnings per share for the current year.

Key Stories Impacting Spotify Technology

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

• Positive Sentiment: KeyCorp maintained an “Overweight” rating and a $680 price target, well above Spotify’s recent trading level. The firm’s FY2026 and FY2027 EPS forecasts of $16.64 and $21.61, respectively, remain above the current-year consensus estimate of $14.51, suggesting expectations for continued earnings growth. KeyCorp Spotify analyst estimates
• Positive Sentiment: An investment analysis described Spotify as a potential “buy-the-dip” opportunity, citing robust monthly active-user and premium-subscriber growth, geographic diversification, and improving monetization. The thesis argues that the stock’s decline from its all-time high was not justified by underlying business fundamentals. Spotify buy-the-dip analysis
• Neutral Sentiment: Recent market coverage highlighted Spotify’s stronger trading performance versus the market, but provided limited information on a new company-specific catalyst. The stock’s move appears to reflect favorable sentiment rather than a material earnings or product announcement. Spotify rises higher than market
• Negative Sentiment: KeyCorp reduced its EPS forecasts across multiple periods: Q2 2026 to $3.78 from $3.82, Q3 to $4.03 from $4.24, Q4 to $4.92 from $5.06, FY2026 to $16.64 from $17.11, and FY2027 to $21.61 from $22.78. These cuts indicate somewhat lower near- and long-term earnings expectations, despite the firm retaining its bullish rating and price target. KeyCorp lowers Spotify earnings estimates

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.