Primecap Management Co. CA Sells 37,000 Shares of Spotify Technology $SPOT

Primecap Management Co. CA reduced its position in Spotify Technology (NYSE:SPOT) by 14.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 219,866 shares of the company’s stock after selling 37,000 shares during the quarter. Primecap Management Co. CA owned approximately 0.11% of Spotify Technology worth $153,466,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Helios Capital Management PTE. Ltd. lifted its position in shares of Spotify Technology by 56.3% during the 3rd quarter. Helios Capital Management PTE. Ltd. now owns 7,500 shares of the company’s stock worth $5,235,000 after buying an additional 2,700 shares during the period. Bessemer Group Inc. grew its position in Spotify Technology by 35.1% in the third quarter. Bessemer Group Inc. now owns 682,639 shares of the company’s stock valued at $476,483,000 after acquiring an additional 177,310 shares during the period. Truxt Investmentos Ltda. acquired a new position in Spotify Technology during the third quarter worth $2,093,000. Ownership Capital B.V. bought a new position in shares of Spotify Technology during the third quarter valued at $2,769,000. Finally, Generali Asset Management SPA SGR boosted its stake in shares of Spotify Technology by 30.9% in the 3rd quarter. Generali Asset Management SPA SGR now owns 68,023 shares of the company’s stock valued at $46,692,000 after purchasing an additional 16,054 shares in the last quarter. Institutional investors own 84.09% of the company’s stock.

Key Stories Impacting Spotify Technology

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

• Positive Sentiment: Analyst upgrades and price-target lift: Arete Research moved SPOT from neutral to buy with a $586 target, and a separate research upgrade highlighted stronger premium gross margins and “margin durability” — both signals that helped reduce investor concern about profitability and likely triggered buying. Arete Research / Finviz
• Positive Sentiment: Analyst note + market reaction: Coverage noting margin upside and manageable AI-related risks was flagged in market commentary as a reason for momentum following Spotify’s recent earnings reset (investor repositioning around improving operating leverage). QuiverQuant: Analyst Upgrade & Margin Upside
• Positive Sentiment: Sector tailwinds: industry pieces highlight that streaming platforms (including Spotify) are benefiting from a mix of ad growth, subscriptions and AI-driven personalization — a backdrop that supports higher monetization potential and investor appetite. Yahoo Finance: Must-Track Streaming Stocks
• Positive Sentiment: Product update that may boost engagement: Spotify rolled out “Smart Reorder” for playlists, a feature aimed at improving listening experience and playlist utility — a small but positive UX/engagement catalyst over time. Android Police: Smart Reorder
• Neutral Sentiment: Valuation and pullback analysis: Commentary assessing whether the recent price pullback makes SPOT attractive flags mixed signals — solid long-term gains but notable YTD and 1‑year declines that keep valuation debate active among investors. Yahoo Finance: Is Spotify Now Attractive?
• Negative Sentiment: Bearish outlook from Guggenheim: A recent pessimistic forecast raises downside concerns and reminds investors there is still disagreement on fair valuation and long-term upside, which could cap gains if more firms adopt a cautious view. American Banking News: Guggenheim Pessimistic Forecast

Spotify Technology Stock Performance

NYSE:SPOT opened at $495.71 on Friday. The company has a market cap of $102.03 billion, a price-to-earnings ratio of 51.42, a P/E/G ratio of 1.01 and a beta of 1.66. The stock’s fifty day moving average price is $513.96 and its two-hundred day moving average price is $609.42. Spotify Technology has a 52-week low of $405.00 and a 52-week high of $785.00.

Spotify Technology (NYSE:SPOT) last released its earnings results on Tuesday, February 10th. The company reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $3.16 by $2.00. The company had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.14 billion. Spotify Technology had a return on equity of 31.35% and a net margin of 13.16%.The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.88 earnings per share. On average, equities analysts predict that Spotify Technology will post 10.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SPOT has been the subject of several analyst reports. Arete Research raised shares of Spotify Technology from a “neutral” rating to a “buy” rating and set a $586.00 price target for the company in a report on Thursday. Weiss Ratings raised shares of Spotify Technology from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, February 11th. Phillip Securities raised Spotify Technology from a “hold” rating to a “moderate buy” rating in a report on Monday, November 10th. Cantor Fitzgerald decreased their price target on Spotify Technology from $615.00 to $525.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Finally, Citizens Jmp began coverage on Spotify Technology in a research report on Wednesday, December 17th. They issued a “market outperform” rating and a $800.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $698.91.

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.