Atria Investments Inc Decreases Stake in Spotify Technology $SPOT

Atria Investments Inc lessened its stake in shares of Spotify Technology (NYSE:SPOT) by 20.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,891 shares of the company’s stock after selling 2,048 shares during the period. Atria Investments Inc’s holdings in Spotify Technology were worth $5,508,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPOT. Sivia Capital Partners LLC acquired a new position in shares of Spotify Technology in the 2nd quarter valued at $312,000. Harbour Investments Inc. lifted its position in Spotify Technology by 935.0% during the 2nd quarter. Harbour Investments Inc. now owns 2,101 shares of the company’s stock worth $1,612,000 after acquiring an additional 1,898 shares during the period. Mutual Advisors LLC grew its stake in Spotify Technology by 37.1% during the 2nd quarter. Mutual Advisors LLC now owns 466 shares of the company’s stock valued at $358,000 after purchasing an additional 126 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Spotify Technology by 17.1% in the second quarter. Nordea Investment Management AB now owns 193,180 shares of the company’s stock valued at $146,946,000 after purchasing an additional 28,277 shares during the period. Finally, Angeles Wealth Management LLC purchased a new position in shares of Spotify Technology in the second quarter worth about $223,000. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Spotify Technology Stock Up 2.8%

SPOT stock opened at $458.40 on Friday. Spotify Technology has a 52-week low of $405.00 and a 52-week high of $785.00. The firm has a market cap of $94.35 billion, a P/E ratio of 47.55, a PEG ratio of 1.08 and a beta of 1.66. The company’s 50-day simple moving average is $533.70 and its 200-day simple moving average is $620.70.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $5.16 earnings per share for the quarter, beating the consensus estimate of $3.16 by $2.00. The firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.14 billion. Spotify Technology had a return on equity of 31.35% and a net margin of 13.16%.Spotify Technology’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.88 EPS. On average, analysts anticipate that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Key Stories Impacting Spotify Technology

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

• Positive Sentiment: Quarterly beat and bullish outlook — Spotify reported a sizable EPS beat and revenue above consensus, and issued upbeat guidance that eased prior margin/user-growth concerns; this is the primary driver of the rally. Spotify Shares Rally on Strong Outlook
• Positive Sentiment: Analyst reaffirmations — Bernstein (Ian Moore) reiterated an Outperform and maintained a $650 target, citing Spotify’s strong performance, which supports further upside. Analyst Confidence Piece
• Neutral Sentiment: AI-driven engineering shift — CEO comments that top engineers “haven’t written a single line of code” because AI now generates code highlight productivity gains but raise questions about quality control, governance and long-term execution — a mixed catalyst. Spotify AI Coding Story
• Neutral Sentiment: Mixed analyst action — while some firms reaffirm/raise views, others are trimming targets; these offsetting revisions produce headline volatility but no consensus sell signal. (See analyst notes below.) JP Morgan PT Revision
• Negative Sentiment: Price-target cuts from some shops — Cantor Fitzgerald and Guggenheim both trimmed targets (Cantor to $525; Guggenheim to $720), reflecting remaining concerns about margins and multiple—these cap upside and can weigh on sentiment. Cantor Fitzgerald Cuts PT

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SPOT shares. DZ Bank upgraded Spotify Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Moffett Nathanson started coverage on shares of Spotify Technology in a research note on Tuesday, January 27th. They issued a “neutral” rating and a $487.00 price objective on the stock. Sanford C. Bernstein reduced their target price on shares of Spotify Technology from $830.00 to $650.00 and set an “outperform” rating for the company in a report on Wednesday, January 14th. Weiss Ratings raised shares of Spotify Technology from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday. Finally, Wall Street Zen upgraded Spotify Technology from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Spotify Technology presently has a consensus rating of “Moderate Buy” and an average price target of $706.42.

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.