Marsico Capital Management LLC Cuts Stake in Spotify Technology $SPOT

Marsico Capital Management LLC reduced its stake in Spotify Technology (NYSE:SPOT) by 84.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 23,879 shares of the company’s stock after selling 132,654 shares during the period. Marsico Capital Management LLC’s holdings in Spotify Technology were worth $13,867,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPOT. Sivia Capital Partners LLC purchased a new position in shares of Spotify Technology in the 2nd quarter worth about $312,000. Jump Financial LLC boosted its holdings in shares of Spotify Technology by 5.2% in the 2nd quarter. Jump Financial LLC now owns 1,132 shares of the company’s stock worth $869,000 after buying an additional 56 shares during the last quarter. Cary Street Partners Financial LLC purchased a new position in shares of Spotify Technology in the 2nd quarter worth about $178,000. NewEdge Advisors LLC boosted its holdings in shares of Spotify Technology by 36.9% in the 2nd quarter. NewEdge Advisors LLC now owns 12,650 shares of the company’s stock worth $9,707,000 after buying an additional 3,412 shares during the last quarter. Finally, Glenview Trust co purchased a new position in shares of Spotify Technology in the 2nd quarter worth about $298,000. 84.09% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Spotify Technology

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

• Positive Sentiment: Spotify’s Investor Day “North Star” outlook appears to have impressed investors, with the company signaling a clearer growth path and renewed confidence in its strategy. Spotify’s “North Star” Outlook Was Music to Investors Ears
• Positive Sentiment: Analysts remain constructive on SPOT, citing meaningful upside potential and a large majority of Buy ratings, which supports the case for longer-term gains. Analyst Remains Positive on Spotify (SPOT) Despite 14% Drop In 2026 So Far
• Neutral Sentiment: Recent coverage also said Spotify is not deliberately uploading AI artists or music, helping reduce confusion around that issue but not materially changing the investment story. No, Spotify isn’t deliberately uploading AI artists and music
• Negative Sentiment: Spotify is facing reputational pressure after reports that it removed more than 57,000 opioid-related podcasts, with criticism that it did not report the content to law enforcement sooner. Spotify quietly took down over 57,000 podcasts peddling opioids, a US senator says
• Negative Sentiment: Short-term trading has turned weaker, with SPOT slipping in the latest sessions and giving back some of the earlier post-Investor Day gains. Spotify (SPOT) Stock Slides as Market Rises: Facts to Know Before You Trade

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SPOT shares. KeyCorp lowered their price objective on Spotify Technology from $745.00 to $680.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Benchmark lowered their price objective on Spotify Technology from $760.00 to $695.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. UBS Group lowered their price objective on Spotify Technology from $760.00 to $735.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. JPMorgan Chase & Co. boosted their price objective on Spotify Technology from $600.00 to $650.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. Finally, Citizens Jmp boosted their price objective on Spotify Technology from $600.00 to $625.00 and gave the company a “market outperform” rating in a research note on Friday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Spotify Technology has a consensus rating of “Moderate Buy” and a consensus price target of $655.92.

Spotify Technology Price Performance

NYSE SPOT opened at $486.06 on Friday. The company’s 50 day simple moving average is $482.58 and its two-hundred day simple moving average is $511.09. Spotify Technology has a 1 year low of $405.00 and a 1 year high of $785.00. The stock has a market capitalization of $100.07 billion, a PE ratio of 38.73, a P/E/G ratio of 1.23 and a beta of 1.56.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings results on Tuesday, April 28th. The company reported $4.04 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.63. Spotify Technology had a net margin of 15.56% and a return on equity of 35.73%. The firm had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the prior year, the firm posted $1.07 earnings per share. The business’s quarterly revenue was up 8.2% on a year-over-year basis. On average, research analysts anticipate that Spotify Technology will post 14.72 EPS for the current year.

Insider Buying and Selling

In related news, Director Thomas O. Staggs sold 5,477 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $526.00, for a total value of $2,880,902.00. Following the transaction, the director directly owned 3,619 shares in the company, valued at approximately $1,903,594. This represents a 60.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sven Hans Martin Lorentzon sold 35,380 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $525.73, for a total transaction of $18,600,327.40. Following the completion of the sale, the director directly owned 6,383 shares in the company, valued at $3,355,734.59. This represents a 84.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 111,442 shares of company stock valued at $54,647,508 in the last ninety days. 0.40% of the stock is owned by insiders.

Spotify Technology Company 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.