Exchange Traded Concepts LLC Has $9.36 Million Stock Position in Spotify Technology $SPOT

Exchange Traded Concepts LLC grew its holdings in shares of Spotify Technology (NYSE:SPOT) by 29.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 16,117 shares of the company’s stock after acquiring an additional 3,645 shares during the period. Exchange Traded Concepts LLC’s holdings in Spotify Technology were worth $9,359,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sivia Capital Partners LLC acquired a new stake in shares of Spotify Technology in the second quarter valued at about $312,000. Groupama Asset Managment acquired a new stake in Spotify Technology during the 2nd quarter valued at approximately $200,000. Northwestern Mutual Wealth Management Co. increased its position in Spotify Technology by 40.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 38,635 shares of the company’s stock valued at $29,646,000 after purchasing an additional 11,077 shares during the period. Level Four Advisory Services LLC raised its holdings in Spotify Technology by 12.3% during the 2nd quarter. Level Four Advisory Services LLC now owns 2,559 shares of the company’s stock worth $1,964,000 after purchasing an additional 281 shares during the last quarter. Finally, Scotia Capital Inc. lifted its position in shares of Spotify Technology by 4.2% in the 2nd quarter. Scotia Capital Inc. now owns 7,276 shares of the company’s stock worth $5,583,000 after purchasing an additional 295 shares during the period. Institutional investors and hedge funds own 84.09% of the company’s stock.

Spotify Technology Price Performance

SPOT stock opened at $473.45 on Monday. The company’s 50-day moving average is $492.21 and its 200-day moving average is $580.11. The stock has a market capitalization of $97.48 billion, a PE ratio of 49.11, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66. Spotify Technology has a 1 year low of $405.00 and a 1 year high of $785.00.

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

Key Stories Impacting Spotify Technology

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

• Positive Sentiment: Daiwa Capital (Daiwa Securities Group) initiated coverage with a Buy/Outperform and a $535 price target, signaling institutional conviction and providing a near‑term catalyst for investors seeking analyst-driven flow. Read More.
• Positive Sentiment: Spotify launched SongDNA in beta for Premium users — a discovery/credits feature that could boost engagement, creator relationships and retention if broadly adopted, supporting long‑term monetization. Read More.
• Neutral Sentiment: Analysis pieces are focusing on valuation after a recent slowdown in share momentum; the stock’s short‑term weakness has drawn attention to whether current prices better reflect longer‑term growth prospects. This is analysis‑driven news rather than a direct operational update. Read More.
• Neutral Sentiment: Note: a press item in the feed refers to an unrelated company using the SPOT ticker (EarthLabs Inc., TSXV: SPOT). That is not Spotify Technology — avoid ticker confusion when reading secondary coverage. Read More.
• Negative Sentiment: Coverage highlights leadership challenges and strategic questions (“Spotify’s crossroads”), which can raise investor concern about execution risk and slow sentiment recovery while management addresses open fronts. Read More.
• Negative Sentiment: Market reports show recent session declines and short‑term selling pressure, reinforcing the momentum headwinds cited in valuation writeups and contributing to the share price pullback. Read More.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Pivotal Research lowered shares of Spotify Technology from a “buy” rating to a “hold” rating and reduced their price objective for the company from $875.00 to $420.00 in a research note on Wednesday, February 11th. Erste Group Bank lowered shares of Spotify Technology from a “buy” rating to a “hold” rating in a report on Friday, December 5th. Guggenheim cut their price target on shares of Spotify Technology from $720.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Daiwa Securities Group started coverage on shares of Spotify Technology in a research report on Thursday. They set an “outperform” rating and a $535.00 price target on the stock. Finally, KeyCorp decreased their price target on Spotify Technology from $830.00 to $720.00 and set an “overweight” rating for the company in a report on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $699.00.

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.