Spotify Technology $SPOT Shares Newly Acquired by Torray Investment Partners LLC

Torray Investment Partners LLC bought a new position in shares of Spotify Technology (NYSE:SPOT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,687 shares of the company’s stock, valued at approximately $5,209,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tsfg LLC grew its stake in Spotify Technology by 39.7% in the second quarter. Tsfg LLC now owns 81 shares of the company’s stock worth $37,000 after purchasing an additional 23 shares in the last quarter. Carl P. Sherr & Co. LLC raised its position in Spotify Technology by 0.7% during the 1st quarter. Carl P. Sherr & Co. LLC now owns 4,138 shares of the company’s stock valued at $2,007,000 after purchasing an additional 27 shares in the last quarter. Frank Rimerman Advisors LLC raised its position in Spotify Technology by 2.8% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 1,066 shares of the company’s stock valued at $520,000 after purchasing an additional 29 shares in the last quarter. Arkadios Wealth Advisors raised its position in Spotify Technology by 7.5% during the 1st quarter. Arkadios Wealth Advisors now owns 474 shares of the company’s stock valued at $230,000 after purchasing an additional 33 shares in the last quarter. Finally, Simplicity Wealth LLC raised its position in Spotify Technology by 4.4% during the 1st quarter. Simplicity Wealth LLC now owns 860 shares of the company’s stock valued at $417,000 after purchasing an additional 36 shares in the last quarter. Institutional investors own 84.09% of the company’s stock.

Key Headlines Impacting Spotify Technology

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

• Positive Sentiment: A bullish forecast argues Spotify could reach $1,000 per share, citing compounding subscriber growth and rising margins. This is an analyst-style prediction, not company guidance. Price Prediction: Spotify Will Hit $1,000 on This Date
• Positive Sentiment: A reported 16.82% increase to the price target for Spotify depositary receipts adds to the positive sentiment, though the quoted target is in Brazilian reais and is not directly comparable with SPOT shares in U.S. dollars. Spotify Technology SA – Depositary receipt price target increased
• Positive Sentiment: Spotify plans to launch an AI music remix service in the coming months. The feature could broaden listening and engagement, although the article provides no projected financial impact. Spotify to launch AI music remix service
• Neutral Sentiment: Spotify is adapting its India strategy around artist-first music as listening habits shift, potentially supporting its local appeal, but the report gives no near-term growth or revenue estimates. Spotify bets on artist-first music as India’s listening habits shift
• Neutral Sentiment: One analysis notes SPOT has gained 33% in six months and weighs whether investors should buy more or take profits. That sharp run-up could support momentum but also make some holders more inclined to lock in gains. Spotify Is Up 33% in Six Months: Take Profits, or Buy More?

Insider Activity at Spotify Technology

In other news, CEO Gustav Söderström sold 20,913 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $544.19, for a total value of $11,380,645.47. Following the completion of 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 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. Insiders own 0.40% of the company’s stock.

Spotify Technology Stock Up 1.1%

Shares of SPOT stock opened at $600.84 on Wednesday. The firm has a market cap of $123.70 billion, a price-to-earnings ratio of 39.39, a PEG ratio of 1.84 and a beta of 1.49. The company’s 50 day moving average is $533.12 and its 200 day moving average is $498.87. Spotify Technology has a 52-week low of $405.00 and a 52-week high of $668.49.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $2.81 EPS for the quarter, missing analysts’ consensus estimates of $3.18 by ($0.37). The business had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.64 billion. Spotify Technology had a return on equity of 35.64% and a net margin of 15.74%. The business’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period last year, the firm earned $3.28 EPS. Analysts anticipate that Spotify Technology will post 13.66 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on SPOT. Weiss Ratings upgraded Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. UBS Group cut their price target on Spotify Technology from $690.00 to $675.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Stonex Financia lowered Spotify Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 14th. Rosenblatt Securities restated a “neutral” rating and issued a $527.00 price objective on shares of Spotify Technology in a report on Tuesday, October 20th. Finally, Morgan Stanley upped their price objective on shares of Spotify Technology from $640.00 to $700.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. Twenty-three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $620.07.

About Spotify Technology

Spotify Technology SA is an audio streaming company that operates the Spotify platform, offering users access to music, podcasts and audiobooks through internet-connected devices. Its catalog includes licensed recordings from music labels and artists, as well as podcasts and other audio content from creators and publishers.

Spotify provides both an ad-supported service and subscription-based Premium plans. Premium subscribers generally receive ad-free listening and additional features, while the advertising-supported service allows users to access content without a paid subscription.