American Century Companies Inc. Grows Stake in Spotify Technology $SPOT

American Century Companies Inc. grew its position in Spotify Technology (NYSE:SPOT) by 25.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 529,665 shares of the company’s stock after purchasing an additional 108,778 shares during the quarter. American Century Companies Inc.’s holdings in Spotify Technology were worth $369,711,000 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. Sage Mountain Advisors LLC raised its holdings in shares of Spotify Technology by 6.3% in the third quarter. Sage Mountain Advisors LLC now owns 289 shares of the company’s stock valued at $201,000 after acquiring an additional 17 shares in the last quarter. Cloud Capital Management LLC grew its holdings in Spotify Technology by 4.8% during the 2nd quarter. Cloud Capital Management LLC now owns 392 shares of the company’s stock worth $301,000 after acquiring an additional 18 shares in the last quarter. Fullerton Fund Management Co Ltd. increased its position in Spotify Technology by 7.0% during the 2nd quarter. Fullerton Fund Management Co Ltd. now owns 276 shares of the company’s stock valued at $212,000 after purchasing an additional 18 shares during the period. Huntington National Bank increased its position in Spotify Technology by 3.9% during the 2nd quarter. Huntington National Bank now owns 506 shares of the company’s stock valued at $388,000 after purchasing an additional 19 shares during the period. Finally, Granite Group Advisors LLC raised its holdings in shares of Spotify Technology by 2.6% in the 3rd 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. Institutional investors own 84.09% of the company’s stock.

Analysts Set New Price Targets

SPOT has been the topic of a number of recent research reports. Cantor Fitzgerald dropped their price objective on shares of Spotify Technology from $615.00 to $525.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Arete Research raised shares of Spotify Technology from a “neutral” rating to a “buy” rating and set a $586.00 price objective for the company in a research note on Thursday. Sanford C. Bernstein dropped their target price on Spotify Technology from $830.00 to $650.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 14th. Erste Group Bank downgraded Spotify Technology from a “buy” rating to a “hold” rating in a report on Friday, December 5th. Finally, Wall Street Zen upgraded Spotify Technology from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Spotify Technology has an average rating of “Moderate Buy” and an average target price of $698.91.

Key Stories Impacting Spotify Technology

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

• Positive Sentiment: Spotify is rolling out AI-powered Prompted Playlists (beta) and other personalization tools for Premium users — moves that can lift engagement, retention and ARPU if adoption scales. Spotify AI Tools And Curation Push Test Premium Engagement And Value
• Positive Sentiment: A research upgrade to Buy with a $586 price target (Arete Research) increases near-term upside expectations and likely contributed to buying interest. Finviz
• Positive Sentiment: Coverage noting improving profitability and “margin durability” helped spur further gains — analyst commentary on margin upside reinforces the narrative from Spotify’s recent strong quarterly beat. Spotify jumps as bullish analyst upgrade highlights margin upside
• Positive Sentiment: Product-level UX improvements like Smart Reorder (playlist sequencing) are live for users — small product upgrades that can incrementally increase time spent and perceived value of Premium. Give your Spotify playlist a mixologist with Smart Reorder
• Positive Sentiment: Recent quarterly results (strong EPS beat and margin improvement) remain a positive backdrop supporting upgrades and investor confidence in operating leverage.
• Neutral Sentiment: Spotify is expanding further into books/audiobooks — a diversification that could increase content revenue over time but is early-stage for material financial impact. Spotify continues its march into the book world
• Neutral Sentiment: Sector pieces reiterate streaming tailwinds from ads, subscriptions and AI personalization — supportive macro context but not SPOT-specific catalysts. Must-Track Streaming Stocks in the Evolving Media Landscape
• Negative Sentiment: Some odd publicity (a $495 “musical urn” product story) creates noise around brand messaging; not material to fundamentals but could distract from core narrative. Spend your afterlife inside Spotify’s latest device, a $495 musical urn
• Negative Sentiment: Guggenheim published a pessimistic near-term forecast for SPOT, which could limit upside for more conservative investors and weigh on sentiment if echoed by others. Guggenheim Issues Pessimistic Forecast for Spotify Technology (NYSE:SPOT) Stock Price

Spotify Technology Price Performance

NYSE:SPOT opened at $514.02 on Friday. The company’s fifty day moving average price is $512.60 and its 200-day moving average price is $608.20. Spotify Technology has a 1-year low of $405.00 and a 1-year high of $785.00. The firm has a market capitalization of $105.80 billion, a P/E ratio of 53.32, a PEG ratio of 1.08 and a beta of 1.66.

Spotify Technology (NYSE:SPOT) last posted its earnings results on Tuesday, February 10th. The company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $2.00. The company had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.14 billion. Spotify Technology had a net margin of 13.16% and a return on equity of 31.35%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.88 earnings per share. Equities analysts anticipate that Spotify Technology will post 10.3 EPS for the current fiscal year.

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.