MASTERINVEST Kapitalanlage GmbH Trims Holdings in Spotify Technology $SPOT

MASTERINVEST Kapitalanlage GmbH decreased its holdings in shares of Spotify Technology (NYSE:SPOT) by 29.6% in the first quarter, HoldingsChannel reports. The firm owned 3,749 shares of the company’s stock after selling 1,577 shares during the quarter. MASTERINVEST Kapitalanlage GmbH’s holdings in Spotify Technology were worth $1,818,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Quadcap Wealth Management LLC boosted its holdings in Spotify Technology by 5.7% in the third quarter. Quadcap Wealth Management LLC now owns 295 shares of the company’s stock valued at $206,000 after acquiring an additional 16 shares in the last quarter. Sagespring Wealth Partners LLC increased its position in Spotify Technology by 2.9% during the 4th quarter. Sagespring Wealth Partners LLC now owns 636 shares of the company’s stock valued at $370,000 after purchasing an additional 18 shares during the period. Objectivity Squared LLC raised its holdings in Spotify Technology by 0.8% in the 4th quarter. Objectivity Squared LLC now owns 2,582 shares of the company’s stock worth $1,499,000 after purchasing an additional 20 shares in the last quarter. GAMMA Investing LLC raised its holdings in Spotify Technology by 1.4% in the 4th quarter. GAMMA Investing LLC now owns 1,667 shares of the company’s stock worth $968,000 after purchasing an additional 23 shares in the last quarter. Finally, Greenleaf Trust lifted its position in shares of Spotify Technology by 5.8% in the 4th quarter. Greenleaf Trust now owns 455 shares of the company’s stock worth $264,000 after purchasing an additional 25 shares during the period. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Key Spotify Technology News

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

• Positive Sentiment: Spotify launched a ChatGPT-like music assistant that lets Premium users talk to the app, request songs or audio, and ask questions about their listening history. That could boost user engagement and strengthen Spotify’s product moat. Spotify expands its AI push with a ChatGPT-like music assistant
• Positive Sentiment: Jefferies reiterated a Buy rating and $600 price target, saying it remains constructive on Spotify’s long-term outlook and sees potential catalysts from a Warner Music Group remixing agreement and future AI remixing features. Spotify seen delivering steady Q2 results as investors await AI remixing updates
• Positive Sentiment: Spotify expanded parent-managed accounts to users on its free tier in several countries, including the U.S. and U.K. That broadens a family feature beyond paid subscribers and could help improve retention and drive future conversion. Spotify expands parent-managed accounts to users on its free tier
• Neutral Sentiment: Coverage ahead of earnings suggests Spotify’s second-quarter results may be steady rather than a major surprise, so the upcoming report may not be a near-term stock-moving event on its own. Spotify seen delivering steady Q2 results as investors await AI remixing updates
• Neutral Sentiment: Several articles simply recapped Spotify’s shift toward a more creator-friendly platform and the new conversational AI feature, reinforcing the same product narrative rather than adding a new catalyst. Spotify on its shift from exclusive podcasts to building a creator-friendly platform

Insider Activity

In related news, Director Christopher P. Marshall sold 2,650 shares of Spotify Technology stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $519.86, for a total value of $1,377,629.00. Following the completion of the sale, the director directly owned 4,039 shares in the company, valued at approximately $2,099,714.54. This trade represents a 39.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gustav Soderstrom sold 20,833 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $430.72, for a total value of $8,973,189.76. Following the completion of the transaction, the chief executive officer directly owned 20,492 shares of the company’s stock, valued at approximately $8,826,314.24. This trade represents a 50.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 111,442 shares of company stock valued at $54,757,553. Corporate insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Weiss Ratings cut shares of Spotify Technology from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Morgan Stanley raised their price objective on shares of Spotify Technology from $590.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Canaccord Genuity Group reduced their target price on Spotify Technology from $750.00 to $720.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. UBS Group decreased their target price on Spotify Technology from $735.00 to $690.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Finally, Cantor Fitzgerald raised their target price on Spotify Technology from $430.00 to $520.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Spotify Technology currently has an average rating of “Moderate Buy” and an average target price of $638.58.

Spotify Technology Stock Up 1.0%

Shares of NYSE SPOT opened at $485.67 on Thursday. The firm has a market cap of $99.99 billion, a P/E ratio of 38.70, a PEG ratio of 1.18 and a beta of 1.56. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $748.30. The company has a 50 day moving average of $474.20 and a 200 day moving average of $492.59.

Spotify Technology (NYSE:SPOT) last issued its earnings results on Tuesday, April 28th. The company reported $4.04 EPS for the quarter, beating the consensus estimate of $3.41 by $0.63. The business had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.23 billion. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.The company’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $1.07 EPS. As a group, equities analysts expect that Spotify Technology will post 14.62 earnings per share for the current fiscal year.

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.