Exchange Traded Concepts LLC Acquires 3,645 Shares of Spotify Technology $SPOT

Exchange Traded Concepts LLC grew its holdings in shares of Spotify Technology (NYSE:SPOT) by 29.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,117 shares of the company’s stock after purchasing an additional 3,645 shares during the period. Exchange Traded Concepts LLC’s holdings in Spotify Technology were worth $9,359,000 at the end of the most recent quarter.

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

Spotify Technology Stock Up 0.2%

Shares of SPOT opened at $473.45 on Monday. The stock has a market cap of $97.48 billion, a PE ratio of 49.11, a PEG ratio of 1.03 and a beta of 1.66. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $785.00. The business has a 50-day simple moving average of $492.21 and a two-hundred day simple moving average of $580.11.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $2.00. The firm 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 business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $1.88 earnings per share. On average, equities research analysts expect that Spotify Technology will post 10.3 EPS for the current year.

Analysts Set New Price Targets

SPOT has been the subject of a number of recent analyst reports. Moffett Nathanson began coverage on Spotify Technology in a research report on Tuesday, January 27th. They set a “neutral” rating and a $487.00 target price for the company. Erste Group Bank cut Spotify Technology from a “buy” rating to a “hold” rating in a research report on Friday, December 5th. Citigroup raised Spotify Technology from a “neutral” rating to a “buy” rating and set a $650.00 price target for the company in a research note on Friday, January 30th. Wells Fargo & Company cut their price objective on shares of Spotify Technology from $750.00 to $710.00 and set an “overweight” rating for the company in a research report on Tuesday, January 13th. Finally, Sanford C. Bernstein reduced their price objective on shares of Spotify Technology from $830.00 to $650.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $699.00.

Key Spotify Technology News

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

• Positive Sentiment: Daiwa Capital (Daiwa Securities Group) initiated coverage with a Buy/Outperform and a $535 price target, signaling institutional conviction and providing a near‑term catalyst for investors seeking analyst-driven flow. Read More.
• Positive Sentiment: Spotify launched SongDNA in beta for Premium users — a discovery/credits feature that could boost engagement, creator relationships and retention if broadly adopted, supporting long‑term monetization. Read More.
• Neutral Sentiment: Analysis pieces are focusing on valuation after a recent slowdown in share momentum; the stock’s short‑term weakness has drawn attention to whether current prices better reflect longer‑term growth prospects. This is analysis‑driven news rather than a direct operational update. Read More.
• Neutral Sentiment: Note: a press item in the feed refers to an unrelated company using the SPOT ticker (EarthLabs Inc., TSXV: SPOT). That is not Spotify Technology — avoid ticker confusion when reading secondary coverage. Read More.
• Negative Sentiment: Coverage highlights leadership challenges and strategic questions (“Spotify’s crossroads”), which can raise investor concern about execution risk and slow sentiment recovery while management addresses open fronts. Read More.
• Negative Sentiment: Market reports show recent session declines and short‑term selling pressure, reinforcing the momentum headwinds cited in valuation writeups and contributing to the share price pullback. Read More.

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.