Arrowstreet Capital Limited Partnership Has $737.74 Million Position in Spotify Technology $SPOT

Arrowstreet Capital Limited Partnership cut its holdings in shares of Spotify Technology (NYSE:SPOT) by 22.8% during the fourth quarter, Holdings Channel reports. The fund owned 1,270,414 shares of the company’s stock after selling 374,695 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Spotify Technology were worth $737,742,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Aptus Capital Advisors LLC raised its position in shares of Spotify Technology by 17.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 979 shares of the company’s stock worth $569,000 after acquiring an additional 142 shares during the last quarter. FORA Capital LLC bought a new position in shares of Spotify Technology during the fourth quarter worth about $3,847,000. Kestra Advisory Services LLC raised its position in shares of Spotify Technology by 8.7% during the fourth quarter. Kestra Advisory Services LLC now owns 5,798 shares of the company’s stock worth $3,367,000 after acquiring an additional 466 shares during the last quarter. Transamerica Financial Advisors LLC raised its position in shares of Spotify Technology by 84.1% during the fourth quarter. Transamerica Financial Advisors LLC now owns 162 shares of the company’s stock worth $94,000 after acquiring an additional 74 shares during the last quarter. Finally, Liberty One Investment Management LLC bought a new position in shares of Spotify Technology during the fourth quarter worth about $743,000. 84.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SPOT shares. Barclays lifted their target price on Spotify Technology from $500.00 to $565.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Weiss Ratings upgraded Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. The Goldman Sachs Group lowered their target price on Spotify Technology from $670.00 to $600.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. KeyCorp lowered their target price on Spotify Technology from $745.00 to $680.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Finally, Benchmark reduced their price objective on Spotify Technology from $760.00 to $695.00 and set a “buy” rating for the company in a research note 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 given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $655.92.

Key Headlines Impacting Spotify Technology

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

• Positive Sentiment: Spotify’s Investor Day emphasized long-term growth targets focused on increasing subscriber conversion and strengthening its broader brand and AI-driven strategy, which investors viewed favorably. Spotify’s “North Star” Outlook Was Music to Investors Ears
• Positive Sentiment: Spotify also brought in a new head of PR and communications, signaling a stronger focus on reputation management and clearer messaging as it expands its content and AI initiatives. Will Spotify (SPOT) Elevate Its Brand Narrative As AI Strategy Deepens Under New PR Leadership?
• Neutral Sentiment: Spotify reversed its iPhone app icon change after user backlash, a small brand-related issue that is unlikely to materially affect fundamentals. Spotify reverts iPhone app icon to original after disco-ball backlash
• Negative Sentiment: Several analysts trimmed earnings estimates slightly, including Erste Group Bank lowering FY2026 and FY2027 EPS forecasts, which adds a modest headwind to sentiment. Spotify Technology (SPOT) analyst estimate updates
• Negative Sentiment: Recent trading has also reflected broader weakness, with SPOT sliding in the latest sessions even as the market rose, suggesting investors are still cautious after a strong run. Spotify (SPOT) Stock Slides as Market Rises: Facts to Know Before You Trade

Spotify Technology Trading Down 1.1%

Shares of Spotify Technology stock opened at $480.77 on Friday. The business’s fifty day simple moving average is $482.76 and its 200 day simple moving average is $510.88. The firm has a market capitalization of $98.98 billion, a P/E ratio of 38.31, a price-to-earnings-growth ratio of 1.18 and a beta of 1.56. Spotify Technology has a 12 month low of $405.00 and a 12 month high of $785.00.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $4.04 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.63. The business had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.23 billion. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.Spotify Technology’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company posted $1.07 earnings per share. Analysts predict that Spotify Technology will post 14.71 EPS for the current fiscal year.

Insider Buying and Selling at Spotify Technology

In related news, Director Christopher P. Marshall sold 2,650 shares of Spotify Technology stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $519.86, for a total transaction of $1,377,629.00. Following the sale, the director directly owned 4,039 shares in the company, valued at approximately $2,099,714.54. This trade represents a 39.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gustav Soderstrom sold 20,833 shares of Spotify Technology stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $496.52, for a total value of $10,344,001.16. Following the sale, the chief executive officer owned 20,376 shares in the company, valued at $10,117,091.52. This trade represents a 50.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 111,442 shares of company stock valued at $54,647,508 in the last ninety days. 0.40% of the stock is owned by corporate insiders.

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.