Spotify Technology $SPOT Shares Sold by AMI Asset Management Corp

AMI Asset Management Corp decreased its position in shares of Spotify Technology (NYSE:SPOT) by 4.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,827 shares of the company’s stock after selling 1,169 shares during the quarter. AMI Asset Management Corp’s holdings in Spotify Technology were worth $14,998,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPOT. Quadcap Wealth Management LLC lifted its holdings in Spotify Technology by 5.7% during 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 third quarter. Sage Mountain Advisors LLC now owns 289 shares of the company’s stock valued at $201,000 after purchasing an additional 17 shares in the last quarter. Sagespring Wealth Partners LLC lifted its holdings in Spotify Technology by 2.9% during the fourth quarter. Sagespring Wealth Partners LLC now owns 636 shares of the company’s stock valued at $370,000 after purchasing an additional 18 shares in the last quarter. Granite Group Advisors LLC lifted its holdings in Spotify Technology by 2.6% during the third quarter. Granite Group Advisors LLC now owns 756 shares of the company’s stock valued at $528,000 after purchasing an additional 19 shares in the last quarter. Finally, Ameritas Advisory Services LLC lifted its holdings in Spotify Technology by 7.9% during the third quarter. Ameritas Advisory Services LLC now owns 260 shares of the company’s stock valued at $181,000 after purchasing an additional 19 shares in the last quarter. Institutional investors and hedge funds own 84.09% of the company’s stock.

Spotify Technology Stock Up 5.8%

NYSE SPOT opened at $503.66 on Tuesday. 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 $487.20 and its 200-day simple moving average is $562.34. The firm has a market cap of $103.69 billion, a PE ratio of 52.25, a P/E/G ratio of 1.06 and a beta of 1.70.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $2.00. Spotify Technology had a net margin of 13.16% and a return on equity of 31.35%. The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same period in the previous year, the firm earned $1.88 EPS. Spotify Technology’s revenue was up 6.8% on a year-over-year basis. Research analysts expect that Spotify Technology will post 10.3 EPS for the current year.

Wall Street Analyst Weigh In

SPOT has been the topic of a number of research reports. Sanford C. Bernstein decreased their price objective on Spotify Technology from $830.00 to $650.00 and set an “outperform” rating on the stock in a report on Wednesday, January 14th. Moffett Nathanson initiated coverage on Spotify Technology in a report on Tuesday, January 27th. They issued a “neutral” rating and a $487.00 price objective on the stock. Wells Fargo & Company decreased their price objective on Spotify Technology from $650.00 to $640.00 and set an “overweight” rating on the stock in a report on Monday. Arete Research upgraded Spotify Technology from a “neutral” rating to a “buy” rating and set a $586.00 price objective on the stock in a report on Thursday, February 26th. Finally, Citizens Jmp initiated coverage on Spotify Technology in a report on Wednesday, December 17th. They issued a “market outperform” rating and a $800.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $689.33.

Spotify Technology News Roundup

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

• Positive Sentiment: Jefferies maintained a “Buy” and says Spotify is set up well heading into Q1, keeping a $650 price target that signals upside into the next quarters. Proactive Investors
• Positive Sentiment: Morgan Stanley initiated coverage with an “Overweight” rating and a $630 target, adding institutional validation that likely supported buying interest this morning.
• Positive Sentiment: Investors are focusing on recent ad-product enhancements (new formats, split testing, automated bidding) and U.S. price increases for Premium — a combination that boosts subscription ARPU and higher‑margin ad revenue expectations. Quiver Quantitative
• Positive Sentiment: News roundup and analyst commentary aggregated in the press has increased investor confidence ahead of earnings, helping lift the stock. Yahoo Finance
• Neutral Sentiment: Product changes: Spotify added a user control to disable in-app videos — a UX improvement that could improve retention but has limited near-term revenue impact. MSN
• Neutral Sentiment: Patents revealing how Spotify’s shuffle works surfaced — interesting for PR/tech transparency but unlikely to move fundamentals materially. MSN
• Neutral Sentiment: Wells Fargo trimmed its target slightly (from $650 to $640) but kept an Overweight stance — a modest editorial change that still implies significant upside from current levels. Benzinga
• Negative Sentiment: Insider selling was flagged in recent filings (notable executive sales), which may concern some investors about near-term insider conviction. Quiver Quantitative

Insider Transactions at Spotify Technology

In other Spotify Technology news, CEO Gustav Soderstrom sold 20,833 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $473.52, for a total transaction of $9,864,842.16. Following the sale, the chief executive officer directly owned 20,609 shares in the company, valued at $9,758,773.68. This represents a 50.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Alex Norstrom sold 5,436 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $479.51, for a total transaction of $2,606,616.36. Following the sale, the chief executive officer owned 69,989 shares in the company, valued at $33,560,425.39. This trade represents a 7.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is owned by corporate insiders.

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.