Nordea Investment Management AB Acquires 1,632 Shares of Spotify Technology $SPOT

Nordea Investment Management AB boosted its holdings in Spotify Technology (NYSE:SPOT) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 242,964 shares of the company’s stock after buying an additional 1,632 shares during the period. Nordea Investment Management AB owned approximately 0.12% of Spotify Technology worth $140,662,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPOT. Quadcap Wealth Management LLC grew its position in shares of Spotify Technology by 5.7% in the third quarter. Quadcap Wealth Management LLC now owns 295 shares of the company’s stock valued at $206,000 after purchasing an additional 16 shares in the last quarter. Sage Mountain Advisors LLC lifted its holdings in Spotify Technology by 6.3% during the 3rd quarter. Sage Mountain Advisors LLC now owns 289 shares of the company’s stock worth $201,000 after purchasing an additional 17 shares in the last quarter. Fullerton Fund Management Co Ltd. boosted its stake in Spotify Technology by 7.0% in the 2nd quarter. Fullerton Fund Management Co Ltd. now owns 276 shares of the company’s stock worth $212,000 after purchasing an additional 18 shares during the period. Sagespring Wealth Partners LLC boosted its stake in Spotify Technology by 2.9% in the 4th quarter. Sagespring Wealth Partners LLC now owns 636 shares of the company’s stock worth $370,000 after purchasing an additional 18 shares during the period. Finally, Granite Group Advisors LLC grew its holdings in Spotify Technology by 2.6% during the 3rd quarter. Granite Group Advisors LLC now owns 756 shares of the company’s stock valued at $528,000 after buying an additional 19 shares in the last quarter. Institutional investors own 84.09% of the company’s stock.

Analyst Upgrades and Downgrades

SPOT has been the topic of several analyst reports. UBS Group decreased their price target on Spotify Technology from $850.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, January 9th. Guggenheim reduced their price objective on shares of Spotify Technology from $720.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Arete Research raised shares of Spotify Technology from a “neutral” rating to a “buy” rating and set a $586.00 target price on the stock in a report on Thursday, February 26th. The Goldman Sachs Group upgraded shares of Spotify Technology from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $735.00 to $700.00 in a research note on Friday, January 23rd. Finally, Weiss Ratings downgraded shares of Spotify Technology from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 26th. 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $703.87.

Spotify Technology Trading Down 1.1%

SPOT stock opened at $477.34 on Monday. The company’s 50 day moving average is $496.31 and its 200 day moving average is $588.23. The stock has a market cap of $98.27 billion, a price-to-earnings ratio of 49.52, a price-to-earnings-growth ratio of 1.04 and a beta of 1.66. Spotify Technology has a 1-year low of $405.00 and a 1-year high of $785.00.

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

Key Stories Impacting Spotify Technology

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

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.