National Pension Service Makes New $316.28 Million Investment in Spotify Technology $SPOT

National Pension Service acquired a new position in shares of Spotify Technology (NYSE:SPOT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 544,640 shares of the company’s stock, valued at approximately $316,278,000. National Pension Service owned about 0.26% of Spotify Technology as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Quadcap Wealth Management LLC raised its position in Spotify Technology by 5.7% during the 3rd quarter. Quadcap Wealth Management LLC now owns 295 shares of the company’s stock worth $206,000 after buying an additional 16 shares during the last quarter. Sagespring Wealth Partners LLC raised its position in Spotify Technology by 2.9% during the 4th quarter. Sagespring Wealth Partners LLC now owns 636 shares of the company’s stock worth $370,000 after buying an additional 18 shares during the last quarter. Ameritas Advisory Services LLC raised its position in Spotify Technology by 7.9% during the 3rd quarter. Ameritas Advisory Services LLC now owns 260 shares of the company’s stock worth $181,000 after buying an additional 19 shares during the last quarter. Aprio Wealth Management LLC raised its position in Spotify Technology by 3.1% during the 3rd quarter. Aprio Wealth Management LLC now owns 633 shares of the company’s stock worth $442,000 after buying an additional 19 shares during the last quarter. Finally, Petra Financial Advisors Inc. raised its position in Spotify Technology by 1.2% during the 3rd quarter. Petra Financial Advisors Inc. now owns 1,639 shares of the company’s stock worth $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 Activity

In other Spotify Technology news, CEO Alex Norstrom sold 5,436 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $479.51, for a total transaction of $2,606,616.36. Following the completion of the transaction, the chief executive officer directly owned 69,989 shares in the company, valued at approximately $33,560,425.39. This trade represents a 7.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gustav Soderstrom sold 20,833 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $473.52, for a total transaction of $9,864,842.16. Following the transaction, the chief executive officer owned 20,609 shares of the company’s stock, valued at $9,758,773.68. This trade represents a 50.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 90,609 shares of company stock worth $44,303,507 in the last three months. Company insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

SPOT has been the subject of a number of analyst reports. Cantor Fitzgerald upped their price objective on shares of Spotify Technology from $430.00 to $520.00 and gave the stock a “neutral” rating in a research report on Tuesday. Canaccord Genuity Group cut their price target on shares of Spotify Technology from $750.00 to $720.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Citigroup upgraded shares of Spotify Technology from a “neutral” rating to a “buy” rating and set a $650.00 price target for the company in a report on Friday, January 30th. Guggenheim cut their price target on shares of Spotify Technology from $600.00 to $565.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Finally, Weiss Ratings upgraded shares of Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $655.92.

Spotify Technology News Summary

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

• Positive Sentiment: Spotify has rolled out several new audio features, including podcast clips, narrated magazine articles, and AI-powered music/remix tools with artist revenue sharing, which could boost user engagement and broaden monetization opportunities. Article: Spotify now lets you ‘clip’ moments from your favorite podcast
• Positive Sentiment: Recent coverage highlighted Spotify’s long-term 2030 growth targets and margin ambitions, reinforcing the bullish view that the company can keep expanding revenue and profitability. Article: Is Spotify (SPOT) the Best Steve Cohen Stock To Buy?
• Positive Sentiment: Analyst commentary has also been supportive, with Rosenblatt recently lifting its price target on SPOT to $534 while keeping a Neutral rating, which can still help investor sentiment. Article: Spotify Technology S.A. (SPOT) Gains Attention Following AI Remix Collaboration With Universal Music Group
• Neutral Sentiment: Spotify’s addition of long-form article audio and other content formats expands its platform, but investors are still waiting to see whether these features materially improve subscriber growth or ad revenue. Article: Ninth Bonus Treasure in The Great Canadian Treasure Hunt Is Released in Saskatchewan
• Negative Sentiment: Multiple directors recently sold shares, including Thomas Staggs, Christopher Marshall, and Sven Lorentzon, which may pressure sentiment because insider selling is often viewed as a cautionary signal. SEC filing for insider sale
• Negative Sentiment: A shareholder law firm said it is investigating Spotify for possible securities-law violations, adding legal uncertainty that could weigh on the stock. Article: SPOT Investors Have Opportunity to Join Spotify Technology S.A. Fraud Investigation

Spotify Technology Trading Up 0.5%

NYSE:SPOT opened at $515.55 on Friday. The firm has a 50-day moving average price of $479.86 and a two-hundred day moving average price of $520.14. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $785.00. The company has a market capitalization of $106.14 billion, a P/E ratio of 41.08, a price-to-earnings-growth ratio of 1.25 and a beta of 1.55.

Spotify Technology (NYSE:SPOT) last posted its earnings results 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 net margin of 15.56% and a return on equity of 35.73%. The firm had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same period last year, the firm posted $1.07 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities research analysts predict that Spotify Technology will post 14.72 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.