Global Retirement Partners LLC Purchases 1,893 Shares of Spotify Technology $SPOT

Global Retirement Partners LLC lifted its position in Spotify Technology (NYSE:SPOT) by 88.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,031 shares of the company’s stock after acquiring an additional 1,893 shares during the quarter. Global Retirement Partners LLC’s holdings in Spotify Technology were worth $2,341,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in SPOT. Capital World Investors raised its holdings in shares of Spotify Technology by 40.7% in the third quarter. Capital World Investors now owns 2,730,713 shares of the company’s stock valued at $1,906,260,000 after acquiring an additional 789,755 shares in the last quarter. Capital Research Global Investors bought a new stake in shares of Spotify Technology in the third quarter valued at about $512,190,000. Principal Financial Group Inc. raised its holdings in shares of Spotify Technology by 3,534.9% in the third quarter. Principal Financial Group Inc. now owns 571,474 shares of the company’s stock valued at $398,889,000 after acquiring an additional 555,752 shares in the last quarter. Swedbank AB raised its holdings in shares of Spotify Technology by 37.9% in the fourth quarter. Swedbank AB now owns 1,616,321 shares of the company’s stock valued at $938,614,000 after acquiring an additional 444,162 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Spotify Technology by 157.5% in the third quarter. Alliancebernstein L.P. now owns 699,930 shares of the company’s stock valued at $488,551,000 after acquiring an additional 428,156 shares in the last quarter. 84.09% of the stock is currently owned by institutional investors.

Insider Activity

In other Spotify Technology news, CEO Gustav Soderstrom sold 20,833 shares of Spotify Technology stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $473.52, for a total value of $9,864,842.16. Following the transaction, the chief executive officer owned 20,609 shares in the company, valued at $9,758,773.68. The trade was a 50.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Alex Norstrom sold 5,436 shares of Spotify Technology stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $479.51, for a total value of $2,606,616.36. Following the completion of the transaction, the chief executive officer owned 69,989 shares in the company, valued at $33,560,425.39. This trade represents a 7.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 47,102 shares of company stock worth $21,444,648 in the last quarter. 0.40% of the stock is owned by insiders.

Analysts Set New Price Targets

SPOT has been the subject of several recent research reports. Citizens Jmp lifted their price objective on Spotify Technology from $600.00 to $625.00 and gave the company a “market outperform” rating in a report on Friday. Weiss Ratings upgraded Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. JPMorgan Chase & Co. lifted their price objective on Spotify Technology from $600.00 to $650.00 and gave the company an “overweight” rating in a report on Friday. Morgan Stanley lifted their price objective on Spotify Technology from $590.00 to $610.00 and gave the company an “overweight” rating in a report on Friday. Finally, Guggenheim decreased their price objective on Spotify Technology from $600.00 to $565.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $652.46.

Spotify Technology Price Performance

SPOT opened at $518.92 on Friday. The business’s 50-day moving average is $479.80 and its two-hundred day moving average is $523.86. Spotify Technology has a 1 year low of $405.00 and a 1 year high of $785.00. The firm has a market capitalization of $106.83 billion, a PE ratio of 41.35, 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 (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.63. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.The company had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.23 billion. During the same quarter in the previous year, the firm earned $1.07 earnings per share. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, sell-side analysts expect that Spotify Technology will post 14.86 EPS for the current year.

Key Stories Impacting Spotify Technology

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

• Positive Sentiment: Spotify announced a new AI partnership with Universal Music Group that will let Premium users create licensed AI-generated covers and remixes, opening a potential new revenue stream while giving artists a cut of the economics. Spotify strikes deal with Universal Music to let premium users create AI covers, remixes
• Positive Sentiment: Management reinforced a bullish 2030 outlook, calling for mid-teens annual revenue growth and gross margins of 35% to 40%, which supports the argument that profitability can keep improving. Spotify stock pops on guidance at first investor day since 2022
• Positive Sentiment: Several Wall Street firms raised price targets after the event, including JPMorgan, Wells Fargo, Morgan Stanley, Barclays, Citizens JMP, and Jefferies, signaling stronger confidence in Spotify’s growth story. Analyst target hikes
• Positive Sentiment: Spotify also introduced new product features tied to engagement and monetization, including AI-generated podcasts, audiobook tools, and reserved concert tickets for top fans, which could deepen user activity and subscription value. Spotify adds AI-powered Q&A and briefing generation features to podcasts
• Neutral Sentiment: A Seeking Alpha opinion piece argued Spotify’s long-term path deserves a premium valuation, but this is more commentary than a new fundamental catalyst. Spotify’s Path Forward Deserves This Premium
• Negative Sentiment: One Seeking Alpha note warned that weaker advertising trends could be a concern, suggesting ad-market softness may remain a headwind even as Spotify’s premium business improves. Spotify: Weaker Advertising Trends Are Becoming A Concern (Downgrade)

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.