CIBC Asset Management Inc Increases Stock Position in Spotify Technology $SPOT

CIBC Asset Management Inc lifted its position in shares of Spotify Technology (NYSE:SPOT) by 65.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,998 shares of the company’s stock after buying an additional 10,260 shares during the period. CIBC Asset Management Inc’s holdings in Spotify Technology were worth $18,147,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Knuff & Co LLC acquired a new stake in Spotify Technology during the second quarter worth about $27,000. Total Investment Management Inc. acquired a new position in shares of Spotify Technology in the 2nd quarter valued at about $29,000. Heartwood Wealth Advisors LLC purchased a new stake in shares of Spotify Technology during the 3rd quarter worth about $27,000. Sound Income Strategies LLC grew its holdings in shares of Spotify Technology by 156.3% during the 2nd quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock worth $31,000 after purchasing an additional 25 shares during the period. Finally, Westfuller Advisors LLC acquired a new stake in Spotify Technology during the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds own 84.09% of the company’s stock.

Spotify Technology News Roundup

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

• Positive Sentiment: Goldman Sachs upgraded SPOT to Buy with a $700 price target, calling the recent selloff an attractive entry point ahead of results; that upgrade is a primary driver of the rally. Spotify Stock Rises After Buy Upgrade. Why Goldman Is Singing Its Praises.
• Positive Sentiment: Spotify rolled out an AI-driven “prompted playlist” for U.S. and Canadian Premium users that customizes playlists from natural-language prompts — a product improvement that may boost engagement and retention. Spotify launches AI-driven ‘prompted playlist’ for premium users in US, Canada
• Positive Sentiment: Spotify is also deploying other AI playlist tools and personalization features across markets — incremental product wins that support higher user engagement and upsell potential. Spotify Rolls Out AI-Driven Playlist Generator for U.S. and Canadian Premium Users
• Positive Sentiment: Reports that Spotify may let users sync audiobooks with physical books indicate new product expansion into audiobooks/reading-adjacent features — potential longer-term revenue diversification. Spotify might soon let you sync audiobooks with real books
• Neutral Sentiment: Tech press highlights how Spotify’s new playlist features differ from Apple Music — useful competitive context but not an immediate earnings driver. Spotify’s newest playlist feature is unlike anything on Apple Music
• Negative Sentiment: Analysts and commentators warn U.S. price hikes for Premium could test growth and raise churn risk, which is a near-term headwind for subscriber-led revenue. Spotify (SPOT) Valuation Check As New Premium Price Hikes Test Growth And Churn Concerns
• Negative Sentiment: Barclays issued a pessimistic forecast for SPOT, adding downside pressure and reminding investors valuation and execution risk remain. Barclays Issues Pessimistic Forecast for Spotify Technology (NYSE:SPOT) Stock Price
• Negative Sentiment: Commentators including Jim Cramer have flagged Spotify’s high P/E as a drag on the stock — valuation sensitivity means sentiment shifts can move the shares sharply. Jim Cramer says high price-to-earnings multiples are hurting Spotify stock

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SPOT. Argus assumed coverage on shares of Spotify Technology in a research report on Monday, September 29th. They set a “buy” rating and a $845.00 price target on the stock. DZ Bank raised shares of Spotify Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Pivotal Research decreased their price target on shares of Spotify Technology from $900.00 to $875.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. JPMorgan Chase & Co. increased their price target on Spotify Technology from $740.00 to $805.00 and gave the company an “overweight” rating in a report on Monday, September 29th. Finally, Sanford C. Bernstein reduced their price objective on Spotify Technology from $830.00 to $650.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $739.07.

Spotify Technology Price Performance

Spotify Technology stock opened at $512.45 on Monday. Spotify Technology has a 12-month low of $475.01 and a 12-month high of $785.00. The company has a market capitalization of $105.51 billion, a price-to-earnings ratio of 80.57, a price-to-earnings-growth ratio of 0.97 and a beta of 1.66. The firm’s fifty day moving average price is $569.50 and its 200 day moving average price is $643.67.

Spotify Technology (NYSE:SPOT) last announced its earnings results 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 company had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.23 billion. During the same period last year, the firm earned $1.45 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. Analysts forecast that Spotify Technology will post 10.3 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.