Dock Street Asset Management Inc. Makes New $22.32 Million Investment in Spotify Technology $SPOT

Dock Street Asset Management Inc. purchased a new position in Spotify Technology (NYSE:SPOT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 31,975 shares of the company’s stock, valued at approximately $22,319,000. Spotify Technology comprises about 1.9% of Dock Street Asset Management Inc.’s holdings, making the stock its 18th biggest position.

Other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in Spotify Technology in the second quarter worth about $768,915,000. Fisher Asset Management LLC raised its position in shares of Spotify Technology by 22.7% during 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. Bessemer Group Inc. raised its position in shares of Spotify Technology by 215.3% during the 2nd quarter. Bessemer Group Inc. now owns 505,329 shares of the company’s stock worth $387,758,000 after purchasing an additional 345,048 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Spotify Technology by 41.8% in the 2nd quarter. Franklin Resources Inc. now owns 1,131,099 shares of the company’s stock worth $867,937,000 after purchasing an additional 333,537 shares during the last quarter. Finally, Brown Advisory Inc. boosted its position in 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.

Analysts Set New Price Targets

Several brokerages have weighed in on SPOT. DZ Bank raised Spotify Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Phillip Securities upgraded shares of Spotify Technology from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 10th. Wall Street Zen upgraded shares of Spotify Technology from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Cantor Fitzgerald reduced their target price on shares of Spotify Technology from $675.00 to $615.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, The Goldman Sachs Group cut shares of Spotify Technology from a “buy” rating to a “neutral” rating and upped their target price for the stock from $765.00 to $770.00 in a research report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $756.57.

Key Headlines Impacting Spotify Technology

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

• Positive Sentiment: Spotify announced expanded creator monetization and a plan to invest roughly $10 billion in podcasts, signaling heavier spending to grow creator supply and advertising/paid revenue over time. This supports upside to long-term revenue and creator retention. Spotify makes it easier for creators to earn, reveals $10 billion podcast spend
• Positive Sentiment: Spotify lowered video-podcast monetization thresholds (fewer episodes and lower consumption/engaged-audience requirements), making it easier for more creators to earn — likely to enlarge content supply and ad/paid creator revenue. Spotify lowers monetization threshold for video podcasts
• Positive Sentiment: New social features (Request to Jam, Listening Activity / real‑time friend streaming in Messages) aim to boost engagement and discovery — potentially increasing time on platform and retention. Spotify introduces Request to Jam and Listening Activity features
• Neutral Sentiment: Guggenheim lowered its price target from $800 to $750 but kept a Buy rating — still showing analyst confidence in upside (~35.5% from current levels) despite a modest pullback in expectations. Guggenheim price target change
• Neutral Sentiment: Coverage and how‑to pieces (settings and podcast tips) and a report that a “shadow library” lost its .org address are largely informational/PR items with limited direct impact on fundamentals. Shadow library loses .org address
• Negative Sentiment: Cantor Fitzgerald cut its price target from $675 to $615 and moved to a Neutral rating, trimming implied upside and signaling reduced near-term analyst enthusiasm; this likely pressured the stock today. Cantor Fitzgerald price target change

Spotify Technology Stock Down 2.8%

Shares of SPOT opened at $553.42 on Friday. The firm has a market capitalization of $113.95 billion, a PE ratio of 87.02, a P/E/G ratio of 1.02 and a beta of 1.66. The firm has a 50-day moving average price of $595.47 and a 200 day moving average price of $661.94. Spotify Technology has a 52-week low of $451.43 and a 52-week high of $785.00.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings results on Tuesday, November 4th. The company reported $3.83 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $1.96. The company had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.23 billion. Spotify Technology had a net margin of 8.46% and a return on equity of 21.68%. Spotify Technology’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.45 EPS. On average, equities analysts expect that Spotify Technology will post 10.3 EPS for the current year.

About Spotify Technology

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.