Spotify Technology $SPOT Shares Sold by Magnus Financial Group LLC

Magnus Financial Group LLC lowered its stake in Spotify Technology (NYSE:SPOT) by 56.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,544 shares of the company’s stock after selling 4,596 shares during the quarter. Magnus Financial Group LLC’s holdings in Spotify Technology were worth $2,058,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SPOT. Sivia Capital Partners LLC acquired a new position in shares of Spotify Technology during the second quarter worth about $312,000. Intech Investment Management LLC raised its holdings in Spotify Technology by 44.5% in the second quarter. Intech Investment Management LLC now owns 1,845 shares of the company’s stock valued at $1,416,000 after acquiring an additional 568 shares in the last quarter. Kingsview Wealth Management LLC purchased a new position in Spotify Technology in the second quarter worth approximately $339,000. DNB Asset Management AS purchased a new position in Spotify Technology in the second quarter worth approximately $29,842,000. Finally, Hillsdale Investment Management Inc. grew its holdings in Spotify Technology by 103.0% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 1,340 shares of the company’s stock worth $1,028,000 after acquiring an additional 680 shares in the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Spotify Technology Price Performance

Spotify Technology stock opened at $477.34 on Friday. The stock’s 50 day moving average price is $496.31 and its 200 day moving average price is $588.99. Spotify Technology has a 1-year low of $405.00 and a 1-year high of $785.00. The company has a market cap of $98.27 billion, a PE ratio of 49.52, a price-to-earnings-growth ratio of 1.04 and a beta of 1.66.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings data on Tuesday, February 10th. The company reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.16 by $2.00. Spotify Technology had a return on equity of 31.35% and a net margin of 13.16%.The firm had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter in the prior year, the business posted $1.88 earnings per share. Spotify Technology’s revenue was up 6.8% compared to the same quarter last year. On average, equities research 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: Jefferies says Spotify could see upside estimate revisions ahead of earnings, citing near‑term catalysts (Q1 results, analyst day) that could re‑accelerate sentiment. Spotify seen poised for upside revisions ahead of earnings, Jefferies says
• Positive Sentiment: Spotify rolled out several audio and UX improvements — a new Exclusive Mode for bit‑perfect desktop playback and other audiophile features that improve perceived product quality and could help retention among higher‑value listeners. Spotify has a new Exclusive Mode to please audiophile ears with bit-perfect playback
• Positive Sentiment: Additional product updates include improved desktop hi‑fi support and a refreshed Wear OS app with a new interface and gesture controls — incremental UX wins that support engagement and monetization over time. Spotify updates Wear OS app with new interface and gesture controls
• Neutral Sentiment: Sector context — Tencent Music plunged after weaker subscription revenue and less metric disclosure; this raises regional/competitive questions for music streaming growth dynamics but is not a direct Spotify result. Why Tencent Music Entertainment Plunged Almost 30% This Week
• Negative Sentiment: Investor sentiment cooled after publications pointed to analyst downgrades and a newly posted Form 144 (report of proposed sale of securities), which can signal near‑term selling pressure and increase supply risk. That filing and recent cautious research notes are a primary driver behind the intraday weakness. Spotify falls 5% as sentiment cools after recent downgrades and a proposed share-sale filing
• Negative Sentiment: A recent glitch caused some Premium subscribers to hear ads; Spotify has responded, but such reliability issues can dent trust and invite short‑term churn concerns among paid users. Spotify responds to glitch that caused Premium subscribers to hear ads

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SPOT. Citizens Jmp began coverage on shares of Spotify Technology in a research report on Wednesday, December 17th. They issued a “market outperform” rating and a $800.00 price objective on the stock. Weiss Ratings downgraded shares of Spotify Technology from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 26th. The Goldman Sachs Group raised Spotify Technology from a “neutral” rating to a “buy” rating and dropped their target price for the company from $735.00 to $700.00 in a report on Friday, January 23rd. Erste Group Bank cut Spotify Technology from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. Finally, Arete Research raised Spotify Technology from a “neutral” rating to a “buy” rating and set a $586.00 price target for the company in a report on Thursday, February 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $703.87.

About Spotify Technology

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.