Rathbones Group PLC Has $2.93 Million Holdings in Spotify Technology $SPOT

Rathbones Group PLC cut its holdings in shares of Spotify Technology (NYSE:SPOT) by 56.7% during the 1st quarter, Holdings Channel reports. The firm owned 6,040 shares of the company’s stock after selling 7,894 shares during the period. Rathbones Group PLC’s holdings in Spotify Technology were worth $2,929,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Pine Valley Investments Ltd Liability Co boosted its stake in shares of Spotify Technology by 8.6% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 570 shares of the company’s stock valued at $276,000 after buying an additional 45 shares during the period. Parallel Advisors LLC grew its position in Spotify Technology by 33.2% during the first quarter. Parallel Advisors LLC now owns 4,514 shares of the company’s stock worth $2,189,000 after buying an additional 1,124 shares in the last quarter. NewEdge Advisors LLC increased its stake in Spotify Technology by 456.1% during the 1st quarter. NewEdge Advisors LLC now owns 63,311 shares of the company’s stock worth $30,700,000 after acquiring an additional 51,926 shares during the period. Dala Group LLC bought a new position in Spotify Technology during the 1st quarter worth $247,000. Finally, Glenmede Trust Co. NA raised its holdings in Spotify Technology by 21.4% in the 1st quarter. Glenmede Trust Co. NA now owns 67,213 shares of the company’s stock valued at $32,592,000 after acquiring an additional 11,854 shares in the last quarter. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SPOT has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Spotify Technology from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Guggenheim decreased their price target on Spotify Technology from $600.00 to $565.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Rosenblatt Securities dropped their price target on Spotify Technology from $534.00 to $531.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. Wells Fargo & Company cut their price objective on shares of Spotify Technology from $600.00 to $570.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Finally, Cantor Fitzgerald raised their target price on shares of Spotify Technology from $430.00 to $520.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $629.73.

Spotify Technology Stock Performance

Shares of SPOT stock opened at $483.00 on Wednesday. Spotify Technology has a fifty-two week low of $405.00 and a fifty-two week high of $748.30. The stock’s fifty day moving average price is $484.53 and its two-hundred day moving average price is $485.46. The company has a market cap of $99.44 billion, a PE ratio of 38.49, a P/E/G ratio of 1.21 and a beta of 1.58.

Key Spotify Technology News

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

• Positive Sentiment: Spotify surpassed 300 million Premium subscribers for the first time and reported 777 million monthly active users, up 12% year over year. The milestone exceeded subscriber expectations and reinforces the platform’s global scale. Spotify now has over 300M subscribers
• Positive Sentiment: Second-quarter revenue rose 14% year over year to approximately €4.78 billion, while Spotify swung from a prior-year loss to roughly €545 million in net income. Gross margin and overall profitability also reached records, supporting the company’s long-term margin-expansion story. Spotify Technology S.A. Releases Results for Second Quarter 2026
• Positive Sentiment: Spotify issued a stronger revenue outlook for the third quarter, with expected revenue of about €5.0 billion, and is expanding its product pipeline with AI-powered personalization and creator-focused features.
• Positive Sentiment: Merlin, representing more than 30,000 independent labels and distributors, joined Universal Music Group in supporting Spotify’s planned paid AI remix and cover product. Artist opt-in, attribution and compensation could help reduce licensing concerns while creating a potential new revenue stream. Merlin signs Spotify licensing deal
• Neutral Sentiment: Management guided for approximately 788 million monthly active users in the third quarter. That implies continued growth, but the pace is slowing in North America and Europe, making emerging-market execution increasingly important.
• Negative Sentiment: Second-quarter adjusted EPS came in below consensus, while revenue was also slightly under estimates. The earnings miss overshadowed the subscriber milestone and record profitability. Spotify Q2 Earnings Miss Estimates
• Negative Sentiment: Third-quarter operating-profit guidance was below Wall Street expectations. Spotify also expects higher marketing expenditures and increased investment in AI features, creating near-term pressure on earnings despite the stronger revenue forecast. Spotify forecasts weak profit

Insider Buying and Selling at Spotify Technology

In other Spotify Technology news, Director Christopher P. Marshall sold 2,650 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director owned 4,039 shares of the company’s stock, valued at approximately $2,099,714.54. The trade was a 39.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Alex Norstrom sold 5,436 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $480.86, for a total transaction of $2,613,954.96. Following the completion of the transaction, the chief executive officer directly owned 67,582 shares of the company’s stock, valued at $32,497,480.52. This trade represents a 7.44% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 90,609 shares of company stock worth $45,784,363 over the last quarter. 0.40% of the stock is currently owned by company insiders.

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.