Sumitomo Mitsui Trust Group Inc. Sells 50,579 Shares of Spotify Technology $SPOT

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of Spotify Technology (NYSE:SPOT) by 10.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 417,066 shares of the company’s stock after selling 50,579 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Spotify Technology were worth $203,270,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Pin Oak Investment Advisors Inc. acquired a new position in Spotify Technology during the 2nd quarter worth approximately $27,000. Whipplewood Advisors LLC lifted its holdings in shares of Spotify Technology by 423.1% in the 1st quarter. Whipplewood Advisors LLC now owns 68 shares of the company’s stock valued at $33,000 after buying an additional 55 shares during the period. Palladiem LLC purchased a new stake in shares of Spotify Technology in the first quarter valued at approximately $34,000. Tsfg LLC boosted its stake in shares of Spotify Technology by 39.7% in the second quarter. Tsfg LLC now owns 81 shares of the company’s stock valued at $37,000 after buying an additional 23 shares in the last quarter. Finally, Blume Capital Management Inc. grew its holdings in Spotify Technology by 2,000.0% during the third quarter. Blume Capital Management Inc. now owns 84 shares of the company’s stock worth $41,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 84.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SPOT shares. Rosenblatt Securities restated a “neutral” rating and set a $527.00 target price on shares of Spotify Technology in a research report on Tuesday, October 20th. Weiss Ratings upgraded shares of Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Cantor Fitzgerald raised their price objective on shares of Spotify Technology from $490.00 to $550.00 and gave the company a “neutral” rating in a research note on Friday, October 23rd. Morgan Stanley boosted their price objective on shares of Spotify Technology from $640.00 to $700.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. Finally, Barclays upped their target price on shares of Spotify Technology from $565.00 to $650.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Spotify Technology presently has a consensus rating of “Moderate Buy” and an average target price of $620.07.

Spotify Technology Price Performance

Shares of SPOT stock opened at $595.20 on Monday. The firm’s 50-day simple moving average is $530.67 and its 200-day simple moving average is $498.22. Spotify Technology has a 1-year low of $405.00 and a 1-year high of $668.49. The firm has a market cap of $122.54 billion, a P/E ratio of 39.46, a PEG ratio of 1.84 and a beta of 1.61.

Spotify Technology (NYSE:SPOT) last issued its earnings results on Thursday, October 22nd. The company reported $2.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.18 by ($0.37). Spotify Technology had a return on equity of 35.64% and a net margin of 15.74%. The firm had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.64 billion. During the same quarter in the previous year, the firm posted $3.28 EPS. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. Analysts expect that Spotify Technology will post 13.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Gustav Söderström sold 20,910 shares of the stock in a transaction on Monday, October 12th. The stock was sold at an average price of $530.13, for a total value of $11,085,018.30. Following the completion of the sale, the chief executive officer directly owned 19,908 shares in the company, valued at approximately $10,553,828.04. This represents a 51.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.40% of the company’s stock.

Trending Headlines about Spotify Technology

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

• Positive Sentiment: Paid AI remix service could create a new revenue stream. Spotify reportedly plans to launch an AI-powered service in the first quarter of 2027 that would allow subscribers to create personalized remixes and cover versions of existing songs. The company is considering an additional charge of approximately $4 to $5 per month, potentially increasing average revenue per user and improving the economics of its AI investments. Spotify Gains 6% on Early 2027 AI Remix Launch Plan and Price Hikes
• Positive Sentiment: Investors are rewarding a monetization strategy while the market penalizes costly AI initiatives. The reported subscription add-on gives Spotify a clearer path to generating revenue from AI capabilities, easing concerns that the technology could simply raise expenses or threaten the company’s existing music business. Spotify Climbs on Report of Paid AI Remix Service
• Positive Sentiment: An analyst raised Spotify’s fiscal 2026 EPS estimate, providing an additional favorable signal for earnings expectations. FY2026 EPS Estimate for Spotify Technology Raised by Analyst
• Neutral Sentiment: The AI launch remains a report rather than a finalized product announcement. Its financial impact will depend on pricing, subscriber adoption, licensing arrangements and the company’s ability to address copyright concerns involving AI-generated music. Spotify Targets 2027 Launch AI Remix Service
• Negative Sentiment: Phillip Securities downgraded Spotify to “Moderate Buy,” indicating less conviction in the stock’s near-term upside despite the positive AI news. Spotify Technology Cut to Moderate Buy

About Spotify Technology

Spotify Technology SA is an audio streaming company that operates the Spotify platform, offering users access to music, podcasts and audiobooks through internet-connected devices. Its catalog includes licensed recordings from music labels and artists, as well as podcasts and other audio content from creators and publishers.

Spotify provides both an ad-supported service and subscription-based Premium plans. Premium subscribers generally receive ad-free listening and additional features, while the advertising-supported service allows users to access content without a paid subscription.