Dock Street Asset Management Inc. Buys New Stake in Spotify Technology $SPOT

Dock Street Asset Management Inc. purchased a new position in shares of Spotify Technology (NYSE:SPOT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 31,975 shares of the company’s stock, valued at approximately $22,319,000. Spotify Technology accounts for approximately 1.9% of Dock Street Asset Management Inc.’s investment portfolio, making the stock its 18th largest position.

Other large investors have also recently added to or reduced their stakes in the company. Granite Group Advisors LLC boosted its position in shares of Spotify Technology by 2.6% in the third quarter. Granite Group Advisors LLC now owns 756 shares of the company’s stock worth $528,000 after buying an additional 19 shares during the period. Strategic Planning Group LLC acquired a new position in Spotify Technology during the 3rd quarter worth approximately $4,973,000. Benjamin Edwards Inc. boosted its holdings in Spotify Technology by 1.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 5,200 shares of the company’s stock worth $3,630,000 after acquiring an additional 73 shares during the period. HB Wealth Management LLC grew its position in Spotify Technology by 9.6% in the third quarter. HB Wealth Management LLC now owns 2,970 shares of the company’s stock valued at $2,074,000 after acquiring an additional 261 shares in the last quarter. Finally, Spire Wealth Management grew its position in Spotify Technology by 16.5% in the third quarter. Spire Wealth Management now owns 7,113 shares of the company’s stock valued at $4,965,000 after acquiring an additional 1,009 shares in the last quarter. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Key Spotify Technology News

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

• Positive Sentiment: Spotify announced expanded creator monetization and a plan to invest roughly $10 billion in podcasts, signaling heavier spending to grow creator supply and advertising/paid revenue over time. This supports upside to long-term revenue and creator retention. Spotify makes it easier for creators to earn, reveals $10 billion podcast spend
• Positive Sentiment: Spotify lowered video-podcast monetization thresholds (fewer episodes and lower consumption/engaged-audience requirements), making it easier for more creators to earn — likely to enlarge content supply and ad/paid creator revenue. Spotify lowers monetization threshold for video podcasts
• Positive Sentiment: New social features (Request to Jam, Listening Activity / real‑time friend streaming in Messages) aim to boost engagement and discovery — potentially increasing time on platform and retention. Spotify introduces Request to Jam and Listening Activity features
• Neutral Sentiment: Guggenheim lowered its price target from $800 to $750 but kept a Buy rating — still showing analyst confidence in upside (~35.5% from current levels) despite a modest pullback in expectations. Guggenheim price target change
• Neutral Sentiment: Coverage and how‑to pieces (settings and podcast tips) and a report that a “shadow library” lost its .org address are largely informational/PR items with limited direct impact on fundamentals. Shadow library loses .org address
• Negative Sentiment: Cantor Fitzgerald cut its price target from $675 to $615 and moved to a Neutral rating, trimming implied upside and signaling reduced near-term analyst enthusiasm; this likely pressured the stock today. Cantor Fitzgerald price target change

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Barclays reduced their target price on shares of Spotify Technology from $750.00 to $700.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. BNP Paribas upgraded shares of Spotify Technology to a “strong-buy” rating in a report on Tuesday, September 16th. Argus began coverage on Spotify Technology in a research note on Monday, September 29th. They set a “buy” rating and a $845.00 target price for the company. Wall Street Zen raised Spotify Technology from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Benchmark increased their price target on Spotify Technology from $800.00 to $860.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $756.57.

Spotify Technology Stock Performance

Shares of SPOT stock opened at $553.42 on Friday. Spotify Technology has a one year low of $451.43 and a one year high of $785.00. The company’s 50-day simple moving average is $595.47 and its 200-day simple moving average is $661.94. The stock has a market capitalization of $113.95 billion, a price-to-earnings ratio of 87.02, a PEG ratio of 1.02 and a beta of 1.66.

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

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.