Magnus Financial Group LLC Grows Holdings in Spotify Technology $SPOT

Magnus Financial Group LLC raised its stake in shares of Spotify Technology (NYSE:SPOT) by 26.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,140 shares of the company’s stock after buying an additional 1,724 shares during the quarter. Magnus Financial Group LLC’s holdings in Spotify Technology were worth $5,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Spotify Technology during the 2nd quarter worth about $768,915,000. Fisher Asset Management LLC lifted its stake in Spotify Technology by 22.7% in the second quarter. Fisher Asset Management LLC now owns 2,489,013 shares of the company’s stock worth $1,909,920,000 after acquiring an additional 460,115 shares during the period. Bessemer Group Inc. increased its holdings in Spotify Technology by 215.3% during the second quarter. Bessemer Group Inc. now owns 505,329 shares of the company’s stock valued at $387,758,000 after buying an additional 345,048 shares during the period. Franklin Resources Inc. raised its position in shares of Spotify Technology by 41.8% in the 2nd quarter. Franklin Resources Inc. now owns 1,131,099 shares of the company’s stock worth $867,937,000 after acquiring an additional 333,537 shares in the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of Spotify Technology by 931.2% during the second quarter. Brown Advisory Inc. now owns 362,853 shares of the company’s stock valued at $278,456,000 after buying an additional 327,667 shares during the last quarter. Institutional investors own 84.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. UBS Group lowered their price objective on shares of Spotify Technology from $850.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, January 9th. JPMorgan Chase & Co. increased their target price on Spotify Technology from $740.00 to $805.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. DZ Bank upgraded Spotify Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Citizens Jmp initiated coverage on Spotify Technology in a research report on Wednesday, December 17th. They issued a “market outperform” rating and a $800.00 price target for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Spotify Technology in a research report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $747.23.

Spotify Technology Price Performance

NYSE SPOT opened at $528.66 on Thursday. The company has a market cap of $108.85 billion, a P/E ratio of 83.12, a P/E/G ratio of 0.96 and a beta of 1.66. The stock has a 50-day moving average of $587.18 and a two-hundred day moving average of $655.15. Spotify Technology has a 1-year low of $475.01 and a 1-year high of $785.00.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $3.83 EPS for the quarter, beating the consensus estimate of $1.87 by $1.96. Spotify Technology had a net margin of 8.46% and a return on equity of 21.68%. The business had revenue of $5.01 billion during the quarter, compared to analyst estimates of $4.23 billion. During the same quarter last year, the firm posted $1.45 earnings per share. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, analysts anticipate that Spotify Technology will post 10.3 EPS for the current fiscal year.

Key Headlines Impacting Spotify Technology

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

• Positive Sentiment: Product differentiation — an MSN piece highlights “5 Spotify features no other music app gets right,” reinforcing Spotify’s competitive strengths that support user engagement and monetization potential. Article Title
• Positive Sentiment: Analyst backing remains — Wells Fargo trimmed its price target from $750 to $710 but kept an “overweight” rating, implying roughly ~34% upside from current levels and signaling continued institutional confidence. Article Title
• Neutral Sentiment: Investor interest/attention — Zacks flagged SPOT as a trending stock and published a primer on factors that could affect the name, useful context but not news-driving by itself. Article Title
• Neutral Sentiment: Wall Street roundup — a Yahoo Finance piece aggregates analyst views and market commentary; it helps explain prevailing sentiment but doesn’t introduce a new catalyst. Article Title
• Negative Sentiment: Price-target cut from Sanford C. Bernstein — Bernstein lowered its target sharply from $830 to $650 (although it kept an “outperform” rating), which can weigh on sentiment because it reduces upside expectation from prior levels. Article Title
• Negative Sentiment: User/artist backlash over AI content — reporting shows Spotify users and some creators criticizing AI-generated music (“AI slop”), a reputational and potential regulatory risk that could pressure engagement or invite policy changes. Article Title

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.