St. Louis Trust Co Takes Position in Spotify Technology $SPOT

St. Louis Trust Co purchased a new stake in shares of Spotify Technology (NYSE:SPOT) during the 4th quarter, Holdings Channel.com reports. The fund purchased 1,222 shares of the company’s stock, valued at approximately $710,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Spotify Technology by 36.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,495 shares of the company’s stock valued at $868,000 after buying an additional 403 shares during the period. Condor Capital Management increased its stake in shares of Spotify Technology by 2.6% in the 4th quarter. Condor Capital Management now owns 990 shares of the company’s stock worth $575,000 after purchasing an additional 25 shares in the last quarter. Cumberland Partners Ltd increased its stake in shares of Spotify Technology by 33.3% in the 4th quarter. Cumberland Partners Ltd now owns 3,000 shares of the company’s stock worth $1,742,000 after purchasing an additional 750 shares in the last quarter. Ignite Planners LLC increased its stake in shares of Spotify Technology by 17.2% in the 4th quarter. Ignite Planners LLC now owns 600 shares of the company’s stock worth $348,000 after purchasing an additional 88 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its stake in shares of Spotify Technology by 130.2% in the 4th quarter. Axxcess Wealth Management LLC now owns 7,524 shares of the company’s stock worth $4,369,000 after purchasing an additional 4,256 shares in the last quarter. 84.09% of the stock is owned by institutional investors.

Insider Activity at Spotify Technology

In related news, CEO Alex Norstrom sold 5,436 shares of Spotify Technology stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $479.51, for a total transaction of $2,606,616.36. Following the transaction, the chief executive officer directly owned 69,989 shares of the company’s stock, valued at $33,560,425.39. This trade represents a 7.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gustav Soderstrom sold 20,833 shares of Spotify Technology stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $473.52, for a total transaction of $9,864,842.16. Following the transaction, the chief executive officer directly owned 20,609 shares in the company, valued at approximately $9,758,773.68. The trade was a 50.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 47,102 shares of company stock worth $21,444,648. 0.40% of the stock is currently owned by corporate insiders.

Key Spotify Technology News

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

• Positive Sentiment: Spotify announced a new AI partnership with Universal Music Group that will let Premium users create licensed AI-generated covers and remixes, opening a potential new revenue stream while giving artists a cut of the economics. Spotify strikes deal with Universal Music to let premium users create AI covers, remixes
• Positive Sentiment: Management reinforced a bullish 2030 outlook, calling for mid-teens annual revenue growth and gross margins of 35% to 40%, which supports the argument that profitability can keep improving. Spotify stock pops on guidance at first investor day since 2022
• Positive Sentiment: Several Wall Street firms raised price targets after the event, including JPMorgan, Wells Fargo, Morgan Stanley, Barclays, Citizens JMP, and Jefferies, signaling stronger confidence in Spotify’s growth story. Analyst target hikes
• Positive Sentiment: Spotify also introduced new product features tied to engagement and monetization, including AI-generated podcasts, audiobook tools, and reserved concert tickets for top fans, which could deepen user activity and subscription value. Spotify adds AI-powered Q&A and briefing generation features to podcasts
• Neutral Sentiment: A Seeking Alpha opinion piece argued Spotify’s long-term path deserves a premium valuation, but this is more commentary than a new fundamental catalyst. Spotify’s Path Forward Deserves This Premium
• Negative Sentiment: One Seeking Alpha note warned that weaker advertising trends could be a concern, suggesting ad-market softness may remain a headwind even as Spotify’s premium business improves. Spotify: Weaker Advertising Trends Are Becoming A Concern (Downgrade)

Spotify Technology Price Performance

Shares of NYSE SPOT opened at $518.92 on Friday. The company has a market cap of $106.83 billion, a P/E ratio of 41.35, a PEG ratio of 1.25 and a beta of 1.55. The firm has a 50-day simple moving average of $479.80 and a two-hundred day simple moving average of $523.86. Spotify Technology has a 1 year low of $405.00 and a 1 year high of $785.00.

Spotify Technology (NYSE:SPOT) last issued its earnings results on Tuesday, April 28th. The company reported $4.04 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.63. The business had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.23 billion. Spotify Technology had a net margin of 15.56% and a return on equity of 35.73%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company posted $1.07 earnings per share. As a group, equities research analysts expect that Spotify Technology will post 14.86 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Pivotal Research reduced their price objective on Spotify Technology from $420.00 to $400.00 and set a “hold” rating for the company in a research note on Wednesday, April 29th. Benchmark cut their price target on Spotify Technology from $760.00 to $695.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Morgan Stanley increased their price target on Spotify Technology from $590.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday. Cantor Fitzgerald cut their price target on Spotify Technology from $525.00 to $430.00 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. Finally, Wall Street Zen lowered Spotify Technology from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $652.46.

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.