Plato Investment Management Ltd Reduces Position in Spotify Technology $SPOT

Plato Investment Management Ltd trimmed its holdings in Spotify Technology (NYSE:SPOT) by 33.6% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,094 shares of the company’s stock after selling 1,567 shares during the quarter. Plato Investment Management Ltd’s holdings in Spotify Technology were worth $2,143,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Spotify Technology in the second quarter worth approximately $768,915,000. Principal Financial Group Inc. boosted its holdings in Spotify Technology by 3,534.9% in the third quarter. Principal Financial Group Inc. now owns 571,474 shares of the company’s stock worth $398,889,000 after purchasing an additional 555,752 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Spotify Technology by 22.7% in the second quarter. Fisher Asset Management LLC now owns 2,489,013 shares of the company’s stock worth $1,909,920,000 after purchasing an additional 460,115 shares during the last quarter. Bessemer Group Inc. grew its position in Spotify Technology by 215.3% in the 2nd quarter. Bessemer Group Inc. now owns 505,329 shares of the company’s stock worth $387,758,000 after purchasing an additional 345,048 shares during the period. Finally, Franklin Resources Inc. raised its stake in Spotify Technology by 41.8% during the 2nd quarter. Franklin Resources Inc. now owns 1,131,099 shares of the company’s stock valued at $867,937,000 after buying an additional 333,537 shares during the last quarter. Institutional investors own 84.09% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SPOT shares. Guggenheim dropped their price target on Spotify Technology from $800.00 to $750.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Benchmark lowered their target price on Spotify Technology from $860.00 to $760.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Phillip Securities upgraded Spotify Technology from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 10th. Wells Fargo & Company lowered their price objective on shares of Spotify Technology from $750.00 to $710.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. Finally, Sanford C. Bernstein cut their target price on shares of Spotify Technology from $830.00 to $650.00 and set an “outperform” rating for the company in a research report on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Spotify Technology presently has an average rating of “Moderate Buy” and an average target price of $727.71.

More Spotify Technology News

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

• Positive Sentiment: Citi upgraded SPOT to Buy, citing accelerating price increases and faster buybacks as tangible catalysts for upside and better valuation support. Citi upgrades Spotify (SPOT) To Buy
• Positive Sentiment: Spotify announced a partnership with Bookshop.org to sell physical books through the app — a new commerce revenue channel that expands monetization beyond streaming and audiobooks. Spotify to let users buy physical books on app
• Positive Sentiment: Feature upgrades — global lyric translations, offline lyrics and “Page Match” for switching between book and audiobook reading — boost engagement and cross‑sell potential in Spotify’s content ecosystem. Product momentum supports long‑term ARPU upside if adoption scales. Spotify makes lyrics smarter
• Neutral Sentiment: Wall Street is parsing key Q4 metrics (user growth, average revenue per user, ad revenue) ahead of the earnings release — estimates guide expectations but outcomes remain binary around the print. Gear Up for Spotify Q4 Earnings
• Neutral Sentiment: Recent market weakness hit many richly valued names, dragging SPOT lower at times — a reminder that macro/momentum flows can move the stock independent of company fundamentals. Spotify Fell Along with Highly Valued Stocks
• Negative Sentiment: Zacks warns that despite expected Q4 EPS of ~$2.95 and ~14% revenue growth, Spotify’s history of earnings surprises and a comparatively rich valuation could temper upside if the quarter disappoints. Upcoming results are a key near‑term risk. Pre-Q4 Earnings: Should Spotify Stock be in Your Portfolio?

Spotify Technology Stock Up 2.4%

SPOT stock opened at $422.57 on Friday. The business’s 50-day moving average price is $544.79 and its 200-day moving average price is $628.30. The stock has a market cap of $87.00 billion, a P/E ratio of 66.44, a PEG ratio of 0.81 and a beta of 1.66. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $785.00.

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.