7,141 Shares in Spotify Technology $SPOT Bought by Caprock Group LLC

Caprock Group LLC purchased a new stake in shares of Spotify Technology (NYSE:SPOT) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,141 shares of the company’s stock, valued at approximately $4,869,000.

Several other large investors have also made changes to their positions in SPOT. State Street Corp grew its position in shares of Spotify Technology by 1.7% during the second quarter. State Street Corp now owns 4,574,228 shares of the company’s stock worth $3,509,988,000 after purchasing an additional 74,256 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Spotify Technology by 22.7% in the 2nd quarter. Fisher Asset Management LLC now owns 2,489,013 shares of the company’s stock worth $1,909,920,000 after purchasing an additional 460,115 shares during the period. Geode Capital Management LLC grew its holdings in Spotify Technology by 3.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,568,502 shares of the company’s stock valued at $1,192,730,000 after buying an additional 49,377 shares in the last quarter. Invesco Ltd. raised its position in shares of Spotify Technology by 17.3% during the second quarter. Invesco Ltd. now owns 1,454,383 shares of the company’s stock valued at $1,116,007,000 after buying an additional 214,355 shares during the last quarter. Finally, Edgewood Management LLC lifted its holdings in shares of Spotify Technology by 14.4% in the second quarter. Edgewood Management LLC now owns 1,249,791 shares of the company’s stock worth $959,015,000 after buying an additional 157,567 shares in the last quarter. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

Spotify Technology News Summary

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

• Positive Sentiment: Q4 beat and strong guidance — Spotify reported a much stronger-than-expected quarter (EPS and revenue beats), operating margin expansion (~15.5%), and raised/healthy first-quarter profit guidance, which reassured investors. Earnings Highlights
• Positive Sentiment: Record user and subscriber growth — Monthly active users hit ~751M and paid subscribers ~290M, driven by strong global additions that validate pricing and product moves. User Growth Article
• Positive Sentiment: Analyst support and upgrades — Several firms moved more constructive: Barclays raised its price target to $650 (overweight), Guggenheim maintains a buy stance with a high target, and some outlets upgraded SPOT to Buy on the reset valuation. These changes helped lift sentiment. Barclays Coverage
• Neutral Sentiment: New product/AI initiatives — Spotify is pushing AI features (fan remixes, “AI derivatives” for artists) that could create future revenue streams but are early-stage and not yet proven at scale. AI Initiatives
• Neutral Sentiment: High engagement anecdotes — Artist success stories (e.g., dramatic streaming spikes for legacy acts) underline engagement gains but have limited direct top-line impact. Artist Engagement
• Negative Sentiment: Downgrades and structural concerns — Some analysts remain cautious: Pivotal Research cut SPOT to Hold with a lower $420 target, and commentary exists about structural deceleration in ad growth that could cap upside. Pivotal Research Downgrade
• Negative Sentiment: Mixed price‑target moves — Several firms trimmed price targets (Cantor Fitzgerald, KeyCorp among them), feeding volatility and reminding investors there’s disagreement on medium‑term growth and monetization. Structural Deceleration Note

Spotify Technology Trading Up 2.3%

Spotify Technology stock opened at $487.10 on Thursday. The firm has a 50-day moving average price of $538.15 and a 200-day moving average price of $623.62. The firm has a market capitalization of $100.29 billion, a PE ratio of 50.53, a price-to-earnings-growth ratio of 0.89 and a beta of 1.66. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $785.00.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $5.16 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 33.06%. The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the prior year, the firm posted $1.88 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. As a group, sell-side analysts predict that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on SPOT. Cantor Fitzgerald cut their target price on shares of Spotify Technology from $615.00 to $525.00 and set a “neutral” rating for the company in a research note on Wednesday. Citigroup upgraded Spotify Technology from a “neutral” rating to a “buy” rating and set a $650.00 price objective for the company in a research report on Friday, January 30th. The Goldman Sachs Group raised Spotify Technology from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $735.00 to $700.00 in a report on Friday, January 23rd. Citizens Jmp began coverage on Spotify Technology in a research note on Wednesday, December 17th. They set a “market outperform” rating and a $800.00 price target for the company. Finally, Sanford C. Bernstein cut their price target on Spotify Technology from $830.00 to $650.00 and set an “outperform” rating for the company in a report on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $706.42.

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.