Stephens Investment Management Group LLC Reduces Position in Spotify Technology $SPOT

Stephens Investment Management Group LLC reduced its stake in Spotify Technology (NYSE:SPOT) by 36.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,194 shares of the company’s stock after selling 15,576 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Spotify Technology were worth $18,981,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in Spotify Technology in the 2nd quarter valued at about $768,915,000. Fisher Asset Management LLC grew its holdings in shares of Spotify Technology by 22.7% during the second quarter. Fisher Asset Management LLC now owns 2,489,013 shares of the company’s stock worth $1,909,920,000 after buying an additional 460,115 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Spotify Technology by 215.3% during the second quarter. Bessemer Group Inc. now owns 505,329 shares of the company’s stock worth $387,758,000 after buying an additional 345,048 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Spotify Technology by 41.8% in the second quarter. Franklin Resources Inc. now owns 1,131,099 shares of the company’s stock valued at $867,937,000 after buying an additional 333,537 shares during the last quarter. Finally, Brown Advisory Inc. lifted its stake 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 period. Institutional investors and hedge funds own 84.09% of the company’s stock.

Spotify Technology Trading Down 0.6%

Shares of Spotify Technology stock opened at $505.04 on Friday. Spotify Technology has a twelve month low of $475.01 and a twelve month high of $785.00. The stock has a market capitalization of $103.98 billion, a P/E ratio of 79.41, a PEG ratio of 0.96 and a beta of 1.66. The business’s fifty day moving average price is $582.72 and its 200 day moving average price is $651.80.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $3.83 EPS for the quarter, topping the consensus estimate of $1.87 by $1.96. The company had revenue of $5.01 billion during the quarter, compared to analyst estimates of $4.23 billion. Spotify Technology had a return on equity of 21.68% and a net margin of 8.46%.The firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.45 earnings per share. As a group, sell-side analysts predict that Spotify Technology will post 10.3 EPS for the current year.

Spotify Technology News Summary

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

• Positive Sentiment: Analysts and bullish commentators argue the $1 increase to the U.S. Individual plan ($11.99 → $12.99) will meaningfully lift revenue and operating leverage because incremental subscription dollars have high flow-through and low acquisition cost; MarketBeat’s deep dive highlights stronger margins, record free cash flow and a path to improved EPS. Spotify’s Price Hike: Why Subscribers Will Pay Up
• Positive Sentiment: Some buy-side commentary views the pullback as a buying opportunity; Seeking Alpha recommends “buy the dip,” arguing the price increase should boost margins and EPS with limited churn. Spotify: Buy The Dip As $12.99 Price Takes Hold
• Positive Sentiment: Benchmark cut its price target from $860 to $760 but kept a Buy rating — signaling continued analyst confidence in longer-term upside despite the reset. Benzinga coverage of Benchmark target change
• Neutral Sentiment: Multiple outlets (Reuters, CNBC, TechCrunch, WSJ) reported Spotify will raise Premium prices in the U.S., Estonia and Latvia effective next month — a factual development that triggered immediate market reaction but whose net impact depends on realized churn and royalty margins. Spotify to raise premium subscription price to $12.99 a month in select markets
• Negative Sentiment: Near-term market response was negative: the stock pulled back after the announcement, reflecting investor concern about potential subscriber cancellations and investor rotation away from richly valued growth names. Spotify (SPOT) Stock Dips While Market Gains: Key Facts
• Negative Sentiment: Some institutional notes are cautious—Wells Fargo published a pessimistic forecast highlighting downside risk if churn accelerates or competitive pricing pressure intensifies. Wells Fargo & Company Issues Pessimistic Forecast for Spotify
• Negative Sentiment: Critical coverage frames the raise as another consumer-cost squeeze amid broader inflation concerns, which could amplify sensitivity to future price actions. Spotify just announced another price hike. Here’s what’s really driving it

Analyst Ratings Changes

A number of analysts recently issued reports on SPOT shares. Wall Street Zen upgraded shares of Spotify Technology from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Citizens Jmp started coverage on Spotify Technology in a report on Wednesday, December 17th. They set a “market outperform” rating and a $800.00 price objective on the stock. DZ Bank raised Spotify Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Argus initiated coverage on Spotify Technology in a research note on Monday, September 29th. They issued a “buy” rating and a $845.00 target price for the company. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Spotify Technology in a research note on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $743.90.

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.