Nordea Investment Management AB Purchases 1,632 Shares of Spotify Technology $SPOT

Nordea Investment Management AB grew its position in shares of Spotify Technology (NYSE:SPOT) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 242,964 shares of the company’s stock after purchasing an additional 1,632 shares during the quarter. Nordea Investment Management AB’s holdings in Spotify Technology were worth $140,662,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Knuff & Co LLC purchased a new position in shares of Spotify Technology during the second quarter worth approximately $27,000. Total Investment Management Inc. bought a new stake in shares of Spotify Technology in the 2nd quarter worth approximately $29,000. Heartwood Wealth Advisors LLC purchased a new stake in shares of Spotify Technology in the 3rd quarter valued at $27,000. Greykasell Wealth Strategies Inc. grew its holdings in shares of 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 purchasing an additional 38 shares during the last quarter. Finally, KERR FINANCIAL PLANNING Corp bought a new position in shares of Spotify Technology during the 3rd quarter valued at $26,000. 84.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on SPOT shares. Guggenheim lowered 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 note on Tuesday, February 24th. Erste Group Bank cut Spotify Technology from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. Citizens Jmp initiated coverage on Spotify Technology in a report on Wednesday, December 17th. They issued a “market outperform” rating and a $800.00 price objective on the stock. Cantor Fitzgerald lowered their target price on Spotify Technology from $615.00 to $525.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Finally, The Goldman Sachs Group upgraded Spotify Technology from a “neutral” rating to a “buy” rating and dropped their target price for the company from $735.00 to $700.00 in a report on Friday, January 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $703.87.

Key Stories Impacting Spotify Technology

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

• Positive Sentiment: Jefferies says Spotify could see upside estimate revisions ahead of earnings, citing near‑term catalysts (Q1 results, analyst day) that could re‑accelerate sentiment. Spotify seen poised for upside revisions ahead of earnings, Jefferies says
• Positive Sentiment: Spotify rolled out several audio and UX improvements — a new Exclusive Mode for bit‑perfect desktop playback and other audiophile features that improve perceived product quality and could help retention among higher‑value listeners. Spotify has a new Exclusive Mode to please audiophile ears with bit-perfect playback
• Positive Sentiment: Additional product updates include improved desktop hi‑fi support and a refreshed Wear OS app with a new interface and gesture controls — incremental UX wins that support engagement and monetization over time. Spotify updates Wear OS app with new interface and gesture controls
• Neutral Sentiment: Sector context — Tencent Music plunged after weaker subscription revenue and less metric disclosure; this raises regional/competitive questions for music streaming growth dynamics but is not a direct Spotify result. Why Tencent Music Entertainment Plunged Almost 30% This Week
• Negative Sentiment: Investor sentiment cooled after publications pointed to analyst downgrades and a newly posted Form 144 (report of proposed sale of securities), which can signal near‑term selling pressure and increase supply risk. That filing and recent cautious research notes are a primary driver behind the intraday weakness. Spotify falls 5% as sentiment cools after recent downgrades and a proposed share-sale filing
• Negative Sentiment: A recent glitch caused some Premium subscribers to hear ads; Spotify has responded, but such reliability issues can dent trust and invite short‑term churn concerns among paid users. Spotify responds to glitch that caused Premium subscribers to hear ads

Spotify Technology Stock Down 1.1%

Shares of Spotify Technology stock opened at $477.34 on Monday. The company’s fifty day simple moving average is $496.31 and its two-hundred day simple moving average is $588.23. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $785.00. The firm has a market cap of $98.27 billion, a PE ratio of 49.52, a price-to-earnings-growth ratio of 1.04 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 for the quarter, topping analysts’ consensus estimates of $3.16 by $2.00. The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.14 billion. Spotify Technology had a net margin of 13.16% and a return on equity of 31.35%. Spotify Technology’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.88 earnings per share. As a group, sell-side analysts expect that Spotify Technology will post 10.3 earnings per share for the current fiscal 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.