Spotify Technology $SPOT Shares Purchased by Choreo LLC

Choreo LLC raised its position in shares of Spotify Technology (NYSE:SPOT) by 19.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,218 shares of the company’s stock after acquiring an additional 1,689 shares during the period. Choreo LLC’s holdings in Spotify Technology were worth $4,980,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Spotify Technology

In other news, CEO Alex Norström sold 5,436 shares of the company’s stock in a transaction 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 $33,526,723.30. This represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,910 shares of the firm’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $530.13, for a total value of $11,085,018.30. Following the completion of the transaction, the chief executive officer owned 19,908 shares in the company, valued at approximately $10,553,828.04. This represents a 51.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 68,092 shares of company stock valued at $35,762,410 over the last three months. Insiders own 0.40% of the company’s stock.

Key Stories Impacting Spotify Technology

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

• Positive Sentiment: Paid AI remix service could create a new revenue stream. Spotify reportedly plans to launch an AI-powered service in the first quarter of 2027 that would allow subscribers to create personalized remixes and cover versions of existing songs. The company is considering an additional charge of approximately $4 to $5 per month, potentially increasing average revenue per user and improving the economics of its AI investments. Spotify Gains 6% on Early 2027 AI Remix Launch Plan and Price Hikes
• Positive Sentiment: Investors are rewarding a monetization strategy while the market penalizes costly AI initiatives. The reported subscription add-on gives Spotify a clearer path to generating revenue from AI capabilities, easing concerns that the technology could simply raise expenses or threaten the company’s existing music business. Spotify Climbs on Report of Paid AI Remix Service
• Positive Sentiment: An analyst raised Spotify’s fiscal 2026 EPS estimate, providing an additional favorable signal for earnings expectations. FY2026 EPS Estimate for Spotify Technology Raised by Analyst
• Neutral Sentiment: The AI launch remains a report rather than a finalized product announcement. Its financial impact will depend on pricing, subscriber adoption, licensing arrangements and the company’s ability to address copyright concerns involving AI-generated music. Spotify Targets 2027 Launch AI Remix Service
• Negative Sentiment: Phillip Securities downgraded Spotify to “Moderate Buy,” indicating less conviction in the stock’s near-term upside despite the positive AI news. Spotify Technology Cut to Moderate Buy

Spotify Technology Price Performance

SPOT opened at $595.20 on Friday. The stock has a market capitalization of $122.54 billion, a P/E ratio of 39.46, a price-to-earnings-growth ratio of 1.72 and a beta of 1.61. The company’s 50 day simple moving average is $530.67 and its 200-day simple moving average is $498.22. Spotify Technology has a one year low of $405.00 and a one year high of $668.49.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $2.81 earnings per share for the quarter, missing the consensus estimate of $3.18 by ($0.37). Spotify Technology had a return on equity of 35.64% and a net margin of 15.74%. The company had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter last year, the firm earned $3.28 EPS. The business’s revenue for the quarter was up 16.3% on a year-over-year basis. As a group, analysts anticipate that Spotify Technology will post 13.74 EPS for the current year.

Wall Street Analyst Weigh In

SPOT has been the topic of several recent analyst reports. Phillip Securities downgraded Spotify Technology from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, October 26th. Citizens Jmp reiterated a “market outperform” rating and issued a $625.00 target price on shares of Spotify Technology in a research note on Friday, October 23rd. Morgan Stanley boosted their target price on Spotify Technology from $640.00 to $700.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. Zacks Research downgraded Spotify Technology from a “hold” rating to a “strong sell” rating in a report on Thursday, October 22nd. Finally, Oppenheimer lifted their price objective on Spotify Technology from $550.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $620.07.

Spotify Technology Profile

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.