Sands Capital Management LLC Has $853.56 Million Stake in Spotify Technology $SPOT

Sands Capital Management LLC trimmed its stake in shares of Spotify Technology (NYSE:SPOT) by 5.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,469,848 shares of the company’s stock after selling 77,792 shares during the period. Spotify Technology accounts for approximately 2.6% of Sands Capital Management LLC’s holdings, making the stock its 15th largest position. Sands Capital Management LLC’s holdings in Spotify Technology were worth $853,555,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in shares of Spotify Technology by 12.9% during the fourth quarter. Principal Financial Group Inc. now owns 645,196 shares of the company’s stock worth $374,672,000 after purchasing an additional 73,722 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Spotify Technology by 2.5% during the third quarter. Vanguard Group Inc. now owns 1,005,882 shares of the company’s stock worth $702,106,000 after buying an additional 24,199 shares during the last quarter. City Holding Co. raised its stake in shares of Spotify Technology by 2,515.9% during the fourth quarter. City Holding Co. now owns 5,598 shares of the company’s stock worth $3,251,000 after buying an additional 5,384 shares during the last quarter. ARK Investment Management LLC raised its stake in shares of Spotify Technology by 8.2% during the third quarter. ARK Investment Management LLC now owns 80,285 shares of the company’s stock worth $56,039,000 after buying an additional 6,100 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Spotify Technology by 4.6% during the third quarter. Fisher Asset Management LLC now owns 2,602,625 shares of the company’s stock worth $1,816,632,000 after buying an additional 113,612 shares during the last quarter. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Spotify Technology

In other Spotify Technology news, Director Thomas O. Staggs sold 5,477 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $526.00, for a total value of $2,880,902.00. Following the completion of the sale, the director owned 3,619 shares of the company’s stock, valued at approximately $1,903,594. This represents a 60.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gustav Soderstrom sold 20,833 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $496.52, for a total transaction of $10,344,001.16. Following the completion of the sale, the chief executive officer directly owned 20,376 shares of the company’s stock, valued at $10,117,091.52. The trade was a 50.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 111,442 shares of company stock valued at $54,647,508. Corporate insiders own 0.40% of the company’s stock.

Spotify Technology Stock Performance

Shares of NYSE:SPOT opened at $480.77 on Monday. Spotify Technology has a 52 week low of $405.00 and a 52 week high of $785.00. The company has a market capitalization of $98.98 billion, a PE ratio of 38.31, a PEG ratio of 1.18 and a beta of 1.56. The company has a 50 day moving average price of $482.76 and a two-hundred day moving average price of $510.35.

Spotify Technology (NYSE:SPOT) last issued its earnings results on Tuesday, April 28th. The company reported $4.04 EPS for the quarter, beating the consensus estimate of $3.41 by $0.63. Spotify Technology had a net margin of 15.56% and a return on equity of 35.73%. The firm had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the prior year, the firm earned $1.07 earnings per share. The business’s quarterly revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts forecast that Spotify Technology will post 14.71 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SPOT shares. Wall Street Zen downgraded shares of Spotify Technology from a “buy” rating to a “hold” rating in a research note on Saturday. Morgan Stanley boosted their price target on shares of Spotify Technology from $590.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. Rosenblatt Securities boosted their price target on shares of Spotify Technology from $500.00 to $534.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Canaccord Genuity Group dropped their price target on shares of Spotify Technology from $750.00 to $720.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, Guggenheim dropped their price target on shares of Spotify Technology from $600.00 to $565.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Spotify Technology has a consensus rating of “Moderate Buy” and an average target price of $655.92.

Key Spotify Technology News

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

• Positive Sentiment: Spotify’s Investor Day emphasized long-term growth targets focused on increasing subscriber conversion and strengthening its broader brand and AI-driven strategy, which investors viewed favorably. Spotify’s “North Star” Outlook Was Music to Investors Ears
• Positive Sentiment: Spotify also brought in a new head of PR and communications, signaling a stronger focus on reputation management and clearer messaging as it expands its content and AI initiatives. Will Spotify (SPOT) Elevate Its Brand Narrative As AI Strategy Deepens Under New PR Leadership?
• Neutral Sentiment: Spotify reversed its iPhone app icon change after user backlash, a small brand-related issue that is unlikely to materially affect fundamentals. Spotify reverts iPhone app icon to original after disco-ball backlash
• Negative Sentiment: Several analysts trimmed earnings estimates slightly, including Erste Group Bank lowering FY2026 and FY2027 EPS forecasts, which adds a modest headwind to sentiment. Spotify Technology (SPOT) analyst estimate updates
• Negative Sentiment: Recent trading has also reflected broader weakness, with SPOT sliding in the latest sessions even as the market rose, suggesting investors are still cautious after a strong run. Spotify (SPOT) Stock Slides as Market Rises: Facts to Know Before You Trade

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.