16,861 Shares of Spotify Technology $SPOT Purchased by GFG Capital LLC

GFG Capital LLC purchased a new stake in shares of Spotify Technology (NYSE:SPOT) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 16,861 shares of the company’s stock, valued at approximately $8,218,000. Spotify Technology makes up 1.9% of GFG Capital LLC’s investment portfolio, making the stock its 17th biggest holding.

A number of other institutional investors also recently bought and sold shares of SPOT. Janus Henderson Group PLC boosted its stake in shares of Spotify Technology by 20.1% during the 1st quarter. Janus Henderson Group PLC now owns 1,711,015 shares of the company’s stock worth $829,641,000 after acquiring an additional 286,844 shares in the last quarter. Tiger Global Management LLC lifted its holdings in Spotify Technology by 25.3% during the 1st quarter. Tiger Global Management LLC now owns 1,580,761 shares of the company’s stock worth $766,527,000 after buying an additional 319,300 shares in the last quarter. Amundi boosted its stake in shares of Spotify Technology by 20.0% in the 1st quarter. Amundi now owns 1,104,484 shares of the company’s stock valued at $535,575,000 after buying an additional 183,994 shares during the period. Principal Financial Group Inc. lifted its holdings in Spotify Technology by 53.4% during the 1st quarter. Principal Financial Group Inc. now owns 989,667 shares of the company’s stock worth $479,899,000 after buying an additional 344,471 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Spotify Technology by 1.8% during the 1st quarter. Sei Investments Co. now owns 749,495 shares of the company’s stock worth $363,415,000 after acquiring an additional 13,381 shares in the last quarter. 84.09% of the stock is owned by hedge funds and other institutional investors.

Spotify Technology Trading Down 0.6%

Shares of NYSE SPOT opened at $530.01 on Friday. Spotify Technology has a 1-year low of $405.00 and a 1-year high of $696.95. The company has a market cap of $109.12 billion, a PE ratio of 33.21, a P/E/G ratio of 1.64 and a beta of 1.61. The company has a 50-day moving average of $522.14 and a two-hundred day moving average of $495.59.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $3.03 EPS for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.13). The company had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.47 billion. Spotify Technology had a return on equity of 41.39% and a net margin of 18.44%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period last year, the firm earned ($0.42) earnings per share. As a group, equities research analysts forecast that Spotify Technology will post 13.77 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: Spotify’s premium subscription business remains resilient, while its audiobooks expansion and renewed Joe Rogan agreement could support engagement and diversify revenue beyond music streaming. Spotify expands audiobooks and renews Rogan agreement
• Positive Sentiment: Potential longer-term catalysts include AI-driven personalization, deeper listener insights, a new business selling Spotify’s internal software tools, and expanded Siri integration on iOS 27. These initiatives could improve discovery, retention and monetization. Spotify AI personalization analysis
• Neutral Sentiment: Spotify recently outperformed the broader market in one trading session, reflecting continued interest following its rally, although the move has not eliminated concerns about upcoming results. Why Spotify outpaced the stock market
• Neutral Sentiment: Chief Executive Gustav Söderström sold approximately $11.1 million of stock to cover tax withholding tied to vested equity awards. The transaction significantly reduced his direct holdings, but its stated tax-related purpose makes it less negative than a discretionary sale. Spotify CEO SEC filing
• Negative Sentiment: StoneX downgraded Spotify from Buy to Hold, citing limited near-term catalysts for revenue per user, rising payments to record labels and margin pressure. StoneX Spotify downgrade
• Negative Sentiment: Ad-supported growth remains sluggish, and forward revenue and earnings estimates are being revised lower. Management’s third-quarter guidance calls for approximately €5.0 billion in revenue and 305 million premium subscribers, while consensus expectations are also declining. Spotify downgrade ahead of third-quarter earnings
• Negative Sentiment: Analysts expect earnings to decline in the upcoming report, increasing the risk of disappointment after the stock’s rally. The premium valuation leaves less room for weaker growth or margin guidance.

Analysts Set New Price Targets

SPOT has been the topic of a number of analyst reports. Stonex Financia lowered Spotify Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Company decreased their target price on Spotify Technology from $600.00 to $570.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. Rosenblatt Securities lowered their price target on shares of Spotify Technology from $531.00 to $527.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. UBS Group decreased their target price on Spotify Technology from $690.00 to $675.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Finally, Cantor Fitzgerald dropped their price target on shares of Spotify Technology from $530.00 to $490.00 and set a “neutral” rating on the stock in a research report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $610.25.

Insider Activity

In related news, CEO Gustav Söderström sold 20,910 shares of the stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $530.13, for a total transaction of $11,085,018.30. Following the sale, the chief executive officer owned 19,908 shares in the company, valued at approximately $10,553,828.04. This trade represents a 51.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 that occurred on Monday, August 3rd. The stock was sold at an average price of $502.10, for a total transaction of $2,729,415.60. Following the transaction, the chief executive officer owned 66,773 shares of the company’s stock, valued at approximately $33,526,723.30. This represents a 7.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 68,092 shares of company stock valued at $35,762,410 in the last ninety days. 0.40% of the stock is currently owned by insiders.

About Spotify Technology

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.