Spotify Technology $SPOT Holdings Trimmed by Alecta Tjanstepension Omsesidigt

Alecta Tjanstepension Omsesidigt reduced its position in shares of Spotify Technology (NYSE:SPOT) by 4.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 593,000 shares of the company’s stock after selling 28,000 shares during the period. Spotify Technology accounts for 1.8% of Alecta Tjanstepension Omsesidigt’s investment portfolio, making the stock its 15th biggest position. Alecta Tjanstepension Omsesidigt’s holdings in Spotify Technology were worth $413,724,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Knuff & Co LLC acquired a new position in Spotify Technology during the second quarter valued at $27,000. Total Investment Management Inc. acquired a new stake in Spotify Technology during the 2nd quarter worth about $29,000. Heartwood Wealth Advisors LLC acquired a new stake in Spotify Technology during the 3rd quarter worth about $27,000. Greykasell Wealth Strategies Inc. grew its stake in Spotify Technology by 3,800.0% during the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 39 shares of the company’s stock valued at $27,000 after acquiring an additional 38 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in shares of Spotify Technology in the 3rd quarter valued at about $26,000. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Guggenheim reduced their price target 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. Wells Fargo & Company lowered their price objective on shares of Spotify Technology from $750.00 to $710.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. The Goldman Sachs Group upgraded shares of Spotify Technology from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $735.00 to $700.00 in a research note on Friday, January 23rd. UBS Group decreased their target price on shares of Spotify Technology from $850.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, January 9th. Finally, KeyCorp lowered their price target on shares of Spotify Technology from $830.00 to $720.00 and set an “overweight” rating on the stock in a report on Monday, February 9th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $703.87.

More Spotify Technology News

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 Price Performance

Shares of SPOT opened at $517.14 on Thursday. The company 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. Spotify Technology has a one year low of $405.00 and a one year high of $785.00. The company’s fifty day moving average price is $498.97 and its 200 day moving average price is $591.89.

Spotify Technology (NYSE:SPOT) last released its quarterly 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 analysts’ expectations of $5.14 billion. Spotify Technology had a net margin of 13.16% and a return on equity of 31.35%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.88 earnings per share. Analysts anticipate that Spotify Technology will post 10.3 earnings per share 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.