Spotify Technology $SPOT Shares Purchased by Loftus Peak Pty Ltd

Loftus Peak Pty Ltd grew its position in shares of Spotify Technology (NYSE:SPOT) by 10.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 64,874 shares of the company’s stock after purchasing an additional 5,961 shares during the quarter. Spotify Technology accounts for 3.6% of Loftus Peak Pty Ltd’s portfolio, making the stock its 11th largest position. Loftus Peak Pty Ltd’s holdings in Spotify Technology were worth $31,618,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. B.A. Schrock Wealth Management Inc. bought a new stake in Spotify Technology in the third quarter worth about $3,809,000. Mather Group LLC. lifted its holdings in Spotify Technology by 62.3% in the 3rd quarter. Mather Group LLC. now owns 99 shares of the company’s stock valued at $48,000 after acquiring an additional 38 shares during the last quarter. First Citizens Bank & Trust Co. lifted its holdings in Spotify Technology by 372.6% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 3,696 shares of the company’s stock valued at $1,801,000 after acquiring an additional 2,914 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in Spotify Technology in the 3rd quarter valued at about $318,000. Finally, Krilogy Financial LLC acquired a new stake in Spotify Technology in the 3rd quarter valued at about $272,000. Institutional investors own 84.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SPOT shares. Wall Street Zen lowered shares of Spotify Technology from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. KeyCorp dropped their target price on shares of Spotify Technology from $680.00 to $660.00 and set an “overweight” rating on the stock in a report on Thursday, October 1st. Moffett Nathanson increased their target price on shares of Spotify Technology from $492.00 to $499.00 and gave the company a “neutral” rating in a research note on Wednesday, June 17th. Benchmark cut their target price on shares of Spotify Technology from $695.00 to $650.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Finally, Morgan Stanley raised their target price on shares of Spotify Technology from $610.00 to $640.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $610.25.

Insiders Place Their Bets

In related news, CEO Gustav Söderström sold 20,913 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $544.19, for a total transaction of $11,380,645.47. Following the transaction, the chief executive officer directly owned 20,025 shares of the company’s stock, valued at approximately $10,897,404.75. The trade was a 51.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Alex Norström sold 5,436 shares of the company’s stock in a transaction 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 transaction, the chief executive officer directly owned 66,773 shares in the company, valued at $33,526,723.30. The trade was a 7.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 in the last quarter. 0.40% of the stock is currently owned by corporate insiders.

Spotify Technology Stock Performance

NYSE SPOT opened at $524.00 on Thursday. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $696.95. The stock has a market cap of $107.88 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 1.62 and a beta of 1.61. The firm’s 50 day moving average price is $520.20 and its two-hundred day moving average price is $494.93.

Spotify Technology (NYSE:SPOT) last announced its earnings results on Tuesday, August 4th. The company reported $3.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.16 by ($0.13). The firm had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.47 billion. Spotify Technology had a net margin of 18.44% and a return on equity of 41.39%. Spotify Technology’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.42) earnings per share. On average, research analysts forecast that Spotify Technology will post 13.77 EPS for the current fiscal year.

Spotify Technology News Roundup

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

• Positive Sentiment: Spotify expanded its audiobooks business and renewed its agreement with Joe Rogan, supporting efforts to diversify beyond music streaming and strengthen user engagement. Some analysts view the stock as modestly undervalued despite its elevated valuation. Spotify Technology expands audiobooks and renews Rogan
• Positive Sentiment: The launch of Spotify’s internal software-tools business could create a new enterprise revenue stream, while closer Siri integration in iOS 27 makes it easier for iPhone users to control Spotify by voice. Spotify launches software-tools business Spotify Siri integration
• Neutral Sentiment: CEO Gustav Söderström sold approximately $11.1 million of shares to cover tax withholding tied to vested equity awards. The transaction substantially reduced his direct holdings, but its stated tax-related purpose makes it less concerning than a discretionary sale. Spotify CEO SEC filing
• Neutral Sentiment: Investment commentary highlighted Spotify’s strong profitability but questioned whether a valuation near 39 times earnings is justified. The stock has also lagged major market benchmarks over the past six months, adding to investor caution. Spotify valuation analysis
• Negative Sentiment: Erste Group Bank lowered its FY2026 EPS forecast to $13.71 from $14.07 and its FY2027 estimate to $17.16 from $17.52. The reductions reinforce concerns about earnings momentum, particularly with the shares trading at a premium valuation.
• Negative Sentiment: Reports that Spotify’s new lossless-audio feature is causing problems for many desktop users could hurt the rollout’s reception and create near-term customer-experience and support costs. Spotify lossless audio desktop-app problems

Spotify Technology Profile

Spotify Technology SA is a global audio streaming company that operates the Spotify platform. The service provides users with access to a broad catalog of music, podcasts and audiobooks, along with personalized recommendations, playlists and other discovery features.

Spotify offers a subscription-based Premium service with enhanced listening features, as well as an ad-supported service available at no direct cost to users. The company generates revenue primarily through Premium subscriptions and advertising, including audio, video and display advertising delivered across its platform.

Founded in 2006 by Daniel Ek and Martin Lorentzon, Spotify is headquartered in Stockholm, Sweden, and serves listeners, creators, advertisers and other partners across markets worldwide.