Central Pacific Bank Trust Division Lowers Stock Holdings in Spotify Technology $SPOT

Central Pacific Bank Trust Division lowered its position in shares of Spotify Technology (NYSE:SPOT) by 44.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,737 shares of the company’s stock after selling 1,391 shares during the period. Central Pacific Bank Trust Division’s holdings in Spotify Technology were worth $1,009,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp lifted its stake in Spotify Technology by 1.1% in the 3rd quarter. State Street Corp now owns 4,622,298 shares of the company’s stock worth $3,226,364,000 after purchasing an additional 48,070 shares in the last quarter. Capital World Investors grew its position in shares of Spotify Technology by 40.7% during the 3rd quarter. Capital World Investors now owns 2,730,713 shares of the company’s stock valued at $1,906,260,000 after purchasing an additional 789,755 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Spotify Technology by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 2,602,625 shares of the company’s stock valued at $1,816,632,000 after purchasing an additional 113,612 shares in the last quarter. Coatue Management LLC increased its holdings in shares of Spotify Technology by 13.3% in the third quarter. Coatue Management LLC now owns 1,803,173 shares of the company’s stock worth $1,258,615,000 after purchasing an additional 212,006 shares during the period. Finally, Sands Capital Management LLC increased its holdings in shares of Spotify Technology by 14.2% in the third quarter. Sands Capital Management LLC now owns 1,547,640 shares of the company’s stock worth $1,080,253,000 after purchasing an additional 192,837 shares during the period. Institutional investors own 84.09% of the company’s stock.

Spotify Technology Stock Down 1.1%

SPOT opened at $477.34 on Friday. The stock has a market cap of $98.27 billion, a PE ratio of 49.52, a P/E/G ratio of 1.04 and a beta of 1.66. Spotify Technology has a 52 week low of $405.00 and a 52 week high of $785.00. The business’s fifty day simple moving average is $496.31 and its 200 day simple moving average is $588.99.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings results on Tuesday, February 10th. The company reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $2.00. Spotify Technology had a return on equity of 31.35% and a net margin of 13.16%.The business had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter last year, the business posted $1.88 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, equities analysts anticipate that Spotify Technology will post 10.3 earnings per share for the current year.

Key Spotify Technology News

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

• Positive Sentiment: Jefferies says Spotify could see upside estimate revisions ahead of earnings, citing near‑term catalysts (Q1 results, analyst day) that could re‑accelerate sentiment. Spotify seen poised for upside revisions ahead of earnings, Jefferies says
• Positive Sentiment: Spotify rolled out several audio and UX improvements — a new Exclusive Mode for bit‑perfect desktop playback and other audiophile features that improve perceived product quality and could help retention among higher‑value listeners. Spotify has a new Exclusive Mode to please audiophile ears with bit-perfect playback
• Positive Sentiment: Additional product updates include improved desktop hi‑fi support and a refreshed Wear OS app with a new interface and gesture controls — incremental UX wins that support engagement and monetization over time. Spotify updates Wear OS app with new interface and gesture controls
• Neutral Sentiment: Sector context — Tencent Music plunged after weaker subscription revenue and less metric disclosure; this raises regional/competitive questions for music streaming growth dynamics but is not a direct Spotify result. Why Tencent Music Entertainment Plunged Almost 30% This Week
• Negative Sentiment: Investor sentiment cooled after publications pointed to analyst downgrades and a newly posted Form 144 (report of proposed sale of securities), which can signal near‑term selling pressure and increase supply risk. That filing and recent cautious research notes are a primary driver behind the intraday weakness. Spotify falls 5% as sentiment cools after recent downgrades and a proposed share-sale filing
• Negative Sentiment: A recent glitch caused some Premium subscribers to hear ads; Spotify has responded, but such reliability issues can dent trust and invite short‑term churn concerns among paid users. Spotify responds to glitch that caused Premium subscribers to hear ads

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. UBS Group dropped their price objective 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. Moffett Nathanson began coverage on Spotify Technology in a research note on Tuesday, January 27th. They issued a “neutral” rating and a $487.00 target price on the stock. Wells Fargo & Company lowered their price target on Spotify Technology from $750.00 to $710.00 and set an “overweight” rating on the stock in a report on Tuesday, January 13th. Weiss Ratings downgraded Spotify Technology from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 26th. Finally, Cantor Fitzgerald cut their price objective on Spotify Technology from $615.00 to $525.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. Two investment 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.com, Spotify Technology currently has an average rating of “Moderate Buy” and a consensus target price of $703.87.

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.