Massachusetts Financial Services Co. MA Reduces Stake in Spotify Technology $SPOT

Massachusetts Financial Services Co. MA decreased its position in Spotify Technology (NYSE:SPOT) by 12.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,923,813 shares of the company’s stock after selling 397,534 shares during the period. Massachusetts Financial Services Co. MA owned about 1.43% of Spotify Technology worth $2,040,821,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Pallas Capital Advisors LLC boosted its stake in Spotify Technology by 33.7% in the 2nd quarter. Pallas Capital Advisors LLC now owns 547 shares of the company’s stock worth $420,000 after purchasing an additional 138 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Spotify Technology during the 2nd quarter valued at $312,000. Focus Financial Network Inc. boosted its stake in Spotify Technology by 11.3% during the second quarter. Focus Financial Network Inc. now owns 642 shares of the company’s stock valued at $493,000 after buying an additional 65 shares during the period. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Spotify Technology in the 2nd quarter valued at about $56,000. Finally, SeaCrest Wealth Management LLC grew its holdings in shares of Spotify Technology by 3.9% during the second quarter. SeaCrest Wealth Management LLC now owns 2,652 shares of the company’s stock worth $2,035,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Spotify Technology Price Performance

NYSE:SPOT opened at $505.04 on Friday. Spotify Technology has a one year low of $475.01 and a one year high of $785.00. The business has a fifty day moving average price of $582.72 and a 200-day moving average price of $651.80. The firm has a market capitalization of $103.98 billion, a price-to-earnings ratio of 79.41, a price-to-earnings-growth ratio of 0.96 and a beta of 1.66.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $1.96. Spotify Technology had a return on equity of 21.68% and a net margin of 8.46%.The firm had revenue of $5.01 billion for the quarter, compared to analysts’ expectations of $4.23 billion. During the same period in the previous year, the firm earned $1.45 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. On average, equities research analysts expect that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Key Headlines Impacting Spotify Technology

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

• Positive Sentiment: Analysts and bullish commentators argue the $1 increase to the U.S. Individual plan ($11.99 → $12.99) will meaningfully lift revenue and operating leverage because incremental subscription dollars have high flow-through and low acquisition cost; MarketBeat’s deep dive highlights stronger margins, record free cash flow and a path to improved EPS. Spotify’s Price Hike: Why Subscribers Will Pay Up
• Positive Sentiment: Some buy-side commentary views the pullback as a buying opportunity; Seeking Alpha recommends “buy the dip,” arguing the price increase should boost margins and EPS with limited churn. Spotify: Buy The Dip As $12.99 Price Takes Hold
• Positive Sentiment: Benchmark cut its price target from $860 to $760 but kept a Buy rating — signaling continued analyst confidence in longer-term upside despite the reset. Benzinga coverage of Benchmark target change
• Neutral Sentiment: Multiple outlets (Reuters, CNBC, TechCrunch, WSJ) reported Spotify will raise Premium prices in the U.S., Estonia and Latvia effective next month — a factual development that triggered immediate market reaction but whose net impact depends on realized churn and royalty margins. Spotify to raise premium subscription price to $12.99 a month in select markets
• Negative Sentiment: Near-term market response was negative: the stock pulled back after the announcement, reflecting investor concern about potential subscriber cancellations and investor rotation away from richly valued growth names. Spotify (SPOT) Stock Dips While Market Gains: Key Facts
• Negative Sentiment: Some institutional notes are cautious—Wells Fargo published a pessimistic forecast highlighting downside risk if churn accelerates or competitive pricing pressure intensifies. Wells Fargo & Company Issues Pessimistic Forecast for Spotify
• Negative Sentiment: Critical coverage frames the raise as another consumer-cost squeeze amid broader inflation concerns, which could amplify sensitivity to future price actions. Spotify just announced another price hike. Here’s what’s really driving it

Analyst Ratings Changes

Several research firms have recently weighed in on SPOT. Barclays lowered their price objective on shares of Spotify Technology from $750.00 to $700.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Erste Group Bank downgraded Spotify Technology from a “buy” rating to a “hold” rating in a report on Friday, December 5th. Wells Fargo & Company dropped their price objective on Spotify Technology from $750.00 to $710.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Spotify Technology in a research report on Monday, December 29th. Finally, Argus began coverage on Spotify Technology in a research report on Monday, September 29th. They set a “buy” rating and a $845.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Spotify Technology currently has an average rating of “Moderate Buy” and a consensus price target of $743.90.

Spotify Technology 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.