Spotify Technology $SPOT Stock Holdings Lessened by AMF Tjanstepension AB

AMF Tjanstepension AB reduced its position in shares of Spotify Technology (NYSE:SPOT) by 42.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 578,894 shares of the company’s stock after selling 420,000 shares during the period. Spotify Technology makes up 4.4% of AMF Tjanstepension AB’s portfolio, making the stock its 4th biggest holding. AMF Tjanstepension AB’s holdings in Spotify Technology were worth $404,068,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SPOT. Norges Bank purchased a new stake in shares of Spotify Technology in the 2nd quarter valued at about $768,915,000. Fisher Asset Management LLC increased its position in shares of Spotify Technology by 22.7% in the second 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 last quarter. Bessemer Group Inc. raised its stake in Spotify Technology by 215.3% in the second quarter. Bessemer Group Inc. now owns 505,329 shares of the company’s stock valued at $387,758,000 after purchasing an additional 345,048 shares in the last quarter. Franklin Resources Inc. raised its stake in Spotify Technology by 41.8% in the second 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 in the last quarter. Finally, Brown Advisory Inc. lifted its position in Spotify Technology by 931.2% during the second 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 last quarter. Institutional investors own 84.09% of the company’s stock.

Spotify Technology Trading Up 2.8%

Shares of NYSE SPOT opened at $512.45 on Friday. The firm has a fifty day simple moving average of $569.50 and a two-hundred day simple moving average of $644.22. Spotify Technology has a 12 month low of $475.01 and a 12 month high of $785.00. The firm has a market capitalization of $105.51 billion, a PE ratio of 80.57, a price-to-earnings-growth ratio of 0.97 and a beta of 1.66.

Spotify Technology (NYSE:SPOT) last released its earnings results on Tuesday, November 4th. The company reported $3.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $1.96. The firm 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%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.45 EPS. On average, sell-side analysts predict that Spotify Technology will post 10.3 earnings per share for the current year.

Analyst Ratings Changes

SPOT has been the topic of a number of research reports. Rosenblatt Securities lowered their price target on Spotify Technology from $700.00 to $670.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of Spotify Technology in a report on Monday, December 29th. Guggenheim dropped their target price on Spotify Technology from $800.00 to $750.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Barclays reduced their price target on shares of Spotify Technology from $700.00 to $625.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Finally, Phillip Securities raised shares of Spotify Technology from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $739.07.

Spotify Technology News Summary

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

• Positive Sentiment: Goldman Sachs upgraded SPOT to Buy with a $700 price target, calling the recent selloff an attractive entry point ahead of results; that upgrade is a primary driver of the rally. Spotify Stock Rises After Buy Upgrade. Why Goldman Is Singing Its Praises.
• Positive Sentiment: Spotify rolled out an AI-driven “prompted playlist” for U.S. and Canadian Premium users that customizes playlists from natural-language prompts — a product improvement that may boost engagement and retention. Spotify launches AI-driven ‘prompted playlist’ for premium users in US, Canada
• Positive Sentiment: Spotify is also deploying other AI playlist tools and personalization features across markets — incremental product wins that support higher user engagement and upsell potential. Spotify Rolls Out AI-Driven Playlist Generator for U.S. and Canadian Premium Users
• Positive Sentiment: Reports that Spotify may let users sync audiobooks with physical books indicate new product expansion into audiobooks/reading-adjacent features — potential longer-term revenue diversification. Spotify might soon let you sync audiobooks with real books
• Neutral Sentiment: Tech press highlights how Spotify’s new playlist features differ from Apple Music — useful competitive context but not an immediate earnings driver. Spotify’s newest playlist feature is unlike anything on Apple Music
• Negative Sentiment: Analysts and commentators warn U.S. price hikes for Premium could test growth and raise churn risk, which is a near-term headwind for subscriber-led revenue. Spotify (SPOT) Valuation Check As New Premium Price Hikes Test Growth And Churn Concerns
• Negative Sentiment: Barclays issued a pessimistic forecast for SPOT, adding downside pressure and reminding investors valuation and execution risk remain. Barclays Issues Pessimistic Forecast for Spotify Technology (NYSE:SPOT) Stock Price
• Negative Sentiment: Commentators including Jim Cramer have flagged Spotify’s high P/E as a drag on the stock — valuation sensitivity means sentiment shifts can move the shares sharply. Jim Cramer says high price-to-earnings multiples are hurting Spotify stock

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.