Spotify Technology $SPOT Shares Acquired by Aberdeen Group plc

Aberdeen Group plc raised its position in Spotify Technology (NYSE:SPOT) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 431,723 shares of the company’s stock after purchasing an additional 9,302 shares during the quarter. Spotify Technology comprises 0.5% of Aberdeen Group plc’s investment portfolio, making the stock its 28th biggest position. Aberdeen Group plc owned 0.21% of Spotify Technology worth $314,497,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Knuff & Co LLC purchased a new position in Spotify Technology during the second quarter worth about $27,000. Heartwood Wealth Advisors LLC acquired a new stake in Spotify Technology in the 3rd quarter valued at approximately $27,000. Greykasell Wealth Strategies Inc. raised its position in Spotify Technology by 3,800.0% in the third quarter. Greykasell Wealth Strategies Inc. now owns 39 shares of the company’s stock valued at $27,000 after purchasing an additional 38 shares during the period. Total Investment Management Inc. acquired a new position in Spotify Technology during the second quarter worth $29,000. Finally, Westfuller Advisors LLC purchased a new position in shares of Spotify Technology during the third quarter worth $29,000. Institutional investors and hedge funds 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: 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

Several analysts have recently issued reports on SPOT shares. Pivotal Research cut shares of Spotify Technology from a “buy” rating to a “hold” rating and reduced their price target for the stock from $875.00 to $420.00 in a research report on Wednesday. Weiss Ratings upgraded shares of Spotify Technology from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday. Rosenblatt Securities dropped their price target on shares of Spotify Technology from $700.00 to $670.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Citizens Jmp started coverage on Spotify Technology in a research note on Wednesday, December 17th. They issued a “market outperform” rating and a $800.00 price objective on the stock. Finally, UBS Group lowered their target price on Spotify Technology from $850.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Spotify Technology currently has an average rating of “Moderate Buy” and an average price target of $706.42.

Spotify Technology Price Performance

SPOT stock opened at $458.40 on Friday. The company has a market cap of $94.35 billion, a price-to-earnings ratio of 47.55, a price-to-earnings-growth ratio of 1.08 and a beta of 1.66. The company has a fifty day moving average price of $533.70 and a 200 day moving average price of $620.70. Spotify Technology has a 12 month low of $405.00 and a 12 month high of $785.00.

Spotify Technology (NYSE:SPOT) last released its earnings results on Tuesday, February 10th. The company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $2.00. The business had revenue of $5.32 billion for 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%.The company’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 company posted $1.88 earnings per share. As a group, analysts anticipate that Spotify Technology will post 10.3 earnings per share for the current 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.