Danske Bank A S Acquires New Shares in Spotify Technology $SPOT

Danske Bank A S purchased a new position in Spotify Technology (NYSE:SPOT) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 80,862 shares of the company’s stock, valued at approximately $56,442,000.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Spotify Technology during the second quarter valued at about $768,915,000. Capital World Investors boosted its stake in Spotify Technology by 40.7% in the third quarter. Capital World Investors now owns 2,730,713 shares of the company’s stock valued at $1,906,260,000 after acquiring an additional 789,755 shares in the last quarter. Capital Research Global Investors purchased a new position in Spotify Technology in the third quarter worth $512,190,000. Principal Financial Group Inc. grew its holdings in Spotify Technology by 3,534.9% in the third quarter. Principal Financial Group Inc. now owns 571,474 shares of the company’s stock worth $398,889,000 after purchasing an additional 555,752 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Spotify Technology by 22.7% during 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 in the last quarter. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

Spotify Technology Price Performance

SPOT stock opened at $517.14 on Thursday. 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 $106.47 billion, a PE ratio of 53.64, a price-to-earnings-growth ratio of 1.15 and a beta of 1.66. The business has a 50 day simple moving average of $498.97 and a 200-day simple moving average of $591.89.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $5.16 EPS for the quarter, topping the consensus estimate of $3.16 by $2.00. The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.14 billion. Spotify Technology had a return on equity of 31.35% and a net margin of 13.16%.The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.88 EPS. On average, equities research analysts expect that Spotify Technology will post 10.3 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SPOT shares. UBS Group decreased their price target on Spotify Technology from $850.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, January 9th. Weiss Ratings lowered shares of Spotify Technology from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 26th. Erste Group Bank lowered Spotify Technology from a “buy” rating to a “hold” rating in a research report on Friday, December 5th. Sanford C. Bernstein lowered their target price on shares of Spotify Technology from $830.00 to $650.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 14th. Finally, Citizens Jmp assumed coverage on Spotify Technology in a research report on Wednesday, December 17th. They set a “market outperform” rating and a $800.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $703.87.

Trending Headlines about Spotify Technology

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

• Positive Sentiment: Jefferies says SPOT is set for upside estimate revisions ahead of Q1 results and an analyst day, projecting better-than-consensus Q2 gross-margin guidance (~33.6% vs. street ~33.1%), which could support upward earnings revisions. Spotify seen poised for upside revisions ahead of earnings, Jefferies says
• Positive Sentiment: A Wall Street analyst outlined a “tactical bull case,” noting multiple near-term catalysts (earnings, pricing flow-through, new product rollouts) that could reaccelerate the stock if execution meets expectations. Spotify Stock Has Multiple Catalysts Ahead, Analyst Says
• Positive Sentiment: Product improvements for audiophiles — Spotify added an “exclusive mode” for bit‑perfect playback on Windows (and has rolled out bit‑perfect playback more broadly). Higher-quality audio features can bolster premium value and ARPU for audiophile users. Spotify adds exclusive mode for bit-perfect audio on Windows
• Positive Sentiment: Expansion into XR/ wearable platforms: leaks and reports suggest Spotify is preparing XR smart‑glasses support and it shipped a Wear OS redesign with gesture controls — both extend reach and engagement on emerging devices. Spotify is preparing to launch on XR smart glasses, leak reveals two big secret updates
• Neutral Sentiment: Regional / music-economics reporting: a new report on Nigerian music earnings highlights creator economics and royalty flows — relevant for licensing strategy but not an immediate stock mover. New report reveals how much Nigerian music is really earning globally
• Neutral Sentiment: UX/feature rumors and small OS improvements (Android feature requests, Wear OS redesign) improve product stickiness over time but are incremental. Spotify Wear OS update brings a new look and gesture controls
• Negative Sentiment: Zacks notes SPOT fell more than the broader market today — attributing the move to near‑term profit‑taking and investor caution ahead of earnings/updates; that sentiment likely amplified selling pressure despite positive catalysts. Why Spotify (SPOT) Dipped More Than Broader Market Today
• Negative Sentiment: Service reliability issue: a recent outage reported in live updates can dent short‑term engagement metrics and invites scrutiny around dependability during peak windows. Spotify was down — Live updates on music streamer issues

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.