Penserra Capital Management LLC Sells 2,716 Shares of Spotify Technology $SPOT

Penserra Capital Management LLC lessened its holdings in Spotify Technology (NYSE:SPOT) by 35.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,007 shares of the company’s stock after selling 2,716 shares during the quarter. Penserra Capital Management LLC’s holdings in Spotify Technology were worth $3,494,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Knuff & Co LLC acquired a new position in shares of Spotify Technology during the second quarter worth $27,000. Heartwood Wealth Advisors LLC bought a new position in Spotify Technology during the 3rd quarter worth $27,000. Greykasell Wealth Strategies Inc. lifted its holdings in Spotify Technology by 3,800.0% during the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 39 shares of the company’s stock worth $27,000 after buying an additional 38 shares during the period. Total Investment Management Inc. bought a new stake in shares of Spotify Technology in the 2nd quarter valued at about $29,000. Finally, Westfuller Advisors LLC acquired a new stake in shares of Spotify Technology in the third quarter valued at about $29,000. 84.09% of the stock is owned by institutional investors.

Key Stories Impacting Spotify Technology

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

• Positive Sentiment: Product improvements that boost engagement — Spotify expanded its lyrics feature with translations and offline access, a user-facing upgrade that can raise engagement and retention for listeners across markets. Spotify expands lyrics feature with translations, offline access, and new design
• Positive Sentiment: New commerce channel: physical books via Bookshop.org — Spotify will sell physical books in‑app through a Bookshop.org partnership and is adding audiobook features, expanding revenue opportunities beyond subscriptions and streamed audio. This diversifies monetization and could help ARPU over time. Spotify to let users buy physical books on app through Bookshop.org partnership
• Positive Sentiment: Analyst/bull theses highlight improving margins and FCF — recent writeups argue Spotify is executing a “Year of Efficiency,” expanding gross margins and free cash flow, and positioning the service as a multi‑format audio utility — a constructive view for longer‑term investors. The Sound of Money: How Spotify Turned Audio Into Profit Power
• Neutral Sentiment: Earnings season setup — a Zacks preview walks through Wall Street estimates for Q4 key metrics; investors will focus on MAUs, premium subs, ARPU and margin confirmation when Spotify reports, making the upcoming print a short‑term catalyst. Gear Up for Spotify (SPOT) Q4 Earnings: Wall Street Estimates for Key Metrics
• Negative Sentiment: Near‑term drag from conservative guidance and currency headwinds — coverage points to management’s cautious Q4 revenue outlook (slightly below consensus) and FX pressure as the primary reason investors pared positions; that guidance + upcoming earnings explains much of today’s weakness. The Sound of Money: How Spotify Turned Audio Into Profit Power

Spotify Technology Trading Down 6.3%

Shares of NYSE SPOT opened at $412.80 on Friday. The firm has a market capitalization of $84.99 billion, a P/E ratio of 64.91, a P/E/G ratio of 0.84 and a beta of 1.66. The firm’s 50-day moving average price is $548.32 and its 200-day moving average price is $630.60. 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, November 4th. The company reported $3.83 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $1.96. Spotify Technology had a return on equity of 21.68% and a net margin of 8.46%.The business 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 posted $1.45 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts forecast that Spotify Technology will post 10.3 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on SPOT. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Spotify Technology in a research note on Monday, December 29th. Cantor Fitzgerald decreased their price objective on shares of Spotify Technology from $675.00 to $615.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. UBS Group dropped their target price on shares of Spotify Technology from $850.00 to $800.00 and set a “buy” rating on the stock in a report on Friday, January 9th. Wells Fargo & Company cut their price target on shares of Spotify Technology from $750.00 to $710.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. Finally, Moffett Nathanson started coverage on Spotify Technology in a research report on Tuesday, January 27th. They issued a “neutral” rating and a $487.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Spotify Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $727.71.

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.