Spotify Technology $SPOT Shares Sold by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. trimmed its stake in shares of Spotify Technology (NYSE:SPOT) by 22.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,460 shares of the company’s stock after selling 976 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Spotify Technology were worth $2,415,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Norges Bank bought a new stake in Spotify Technology during the second quarter worth approximately $768,915,000. Principal Financial Group Inc. boosted its stake in Spotify Technology by 3,534.9% during the 3rd quarter. Principal Financial Group Inc. now owns 571,474 shares of the company’s stock valued at $398,889,000 after purchasing an additional 555,752 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Spotify Technology by 22.7% during the 2nd quarter. Fisher Asset Management LLC now owns 2,489,013 shares of the company’s stock valued at $1,909,920,000 after purchasing an additional 460,115 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Spotify Technology by 41.8% during the 2nd quarter. Franklin Resources Inc. now owns 1,131,099 shares of the company’s stock valued at $867,937,000 after purchasing an additional 333,537 shares during the period. Finally, Brown Advisory Inc. increased its position in shares of Spotify Technology by 931.2% during the 2nd quarter. Brown Advisory Inc. now owns 362,853 shares of the company’s stock valued at $278,456,000 after purchasing an additional 327,667 shares during the period. Institutional investors own 84.09% of the company’s stock.

Spotify Technology Stock Down 2.7%

Shares of NYSE SPOT opened at $530.27 on Wednesday. Spotify Technology has a 12 month low of $405.00 and a 12 month high of $785.00. The company has a market cap of $109.17 billion, a price-to-earnings ratio of 55.01, a P/E/G ratio of 1.19 and a beta of 1.66. The business has a fifty day simple moving average of $506.30 and a 200-day simple moving average of $598.51.

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SPOT. The Goldman Sachs Group upgraded Spotify Technology from a “neutral” rating to a “buy” rating and cut their price objective for the company from $735.00 to $700.00 in a report on Friday, January 23rd. Erste Group Bank cut shares of Spotify Technology from a “buy” rating to a “hold” rating in a research report on Friday, December 5th. Weiss Ratings downgraded shares of Spotify Technology from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 26th. 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 report on Tuesday, February 24th. Finally, KeyCorp lowered their price objective on shares of Spotify Technology from $830.00 to $720.00 and set an “overweight” rating on the stock in a research note on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $703.87.

Key Headlines Impacting Spotify Technology

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

• Positive Sentiment: Strong recent fundamentals: SPOT reported a big EPS beat in its latest quarter and revenue growth, supporting a higher long‑term valuation case and giving bulls ammunition. Earnings/Performance Summary
• Positive Sentiment: New and expanding institutional interest: some long‑term managers (e.g., Polen Capital, D.E. Shaw additions cited in filings) have added positions, signaling conviction in podcasts/audiobooks and ad monetization upside. Polen Capital / Institutional Activity
• Neutral Sentiment: Short‑term service disruption resolved: users reported outages across multiple platforms including Spotify, but the company’s app and website were reported as “much better now,” suggesting limited lasting user‑impact if recovery holds. Outage Recovery
• Neutral Sentiment: Momentum and valuation check: analysis pieces highlight that SPOT has seen large recent share swings (notably a strong 1‑month gain) and renewed attention on valuation metrics — useful context but not an immediate catalyst. Valuation Analysis
• Neutral Sentiment: Platform dynamics: research on music discovery (TikTok vs Spotify) underscores changing consumption patterns—important for long‑term content strategy but incremental versus near‑term earnings catalysts. Consumption Trends
• Negative Sentiment: Analyst downgrades and reduced sentiment: Wolfe Research, Pivotal and others have trimmed ratings/targets citing valuation and execution risk after price hikes; this has prompted near‑term profit taking. Analyst Downgrades
• Negative Sentiment: Lowered estimates from brokers: Erste Group and others have trimmed earnings forecasts, adding pressure to the stock’s near‑term outlook as investors reassess growth vs. valuation. Broker Estimate Cuts
• Negative Sentiment: Broader risk‑off market backdrop: higher macro risk and rotation away from long‑duration growth names have amplified selling pressure on high‑multiple stocks like SPOT. Investor Rotation / Mixed Institutional Activity

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.