Strategic Global Advisors LLC Has $16.25 Million Holdings in Spotify Technology $SPOT

Strategic Global Advisors LLC cut its position in Spotify Technology (NYSE:SPOT) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,978 shares of the company’s stock after selling 1,316 shares during the quarter. Spotify Technology makes up approximately 2.5% of Strategic Global Advisors LLC’s investment portfolio, making the stock its 6th largest holding. Strategic Global Advisors LLC’s holdings in Spotify Technology were worth $16,247,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Quadcap Wealth Management LLC raised its holdings in Spotify Technology by 5.7% in the third quarter. Quadcap Wealth Management LLC now owns 295 shares of the company’s stock worth $206,000 after purchasing an additional 16 shares in the last quarter. Sagespring Wealth Partners LLC raised its holdings in Spotify Technology by 2.9% in the fourth quarter. Sagespring Wealth Partners LLC now owns 636 shares of the company’s stock worth $370,000 after purchasing an additional 18 shares in the last quarter. Ameritas Advisory Services LLC raised its holdings in Spotify Technology by 7.9% in the third quarter. Ameritas Advisory Services LLC now owns 260 shares of the company’s stock worth $181,000 after purchasing an additional 19 shares in the last quarter. Aprio Wealth Management LLC raised its holdings in Spotify Technology by 3.1% in the third quarter. Aprio Wealth Management LLC now owns 633 shares of the company’s stock worth $442,000 after purchasing an additional 19 shares in the last quarter. Finally, Petra Financial Advisors Inc. raised its holdings in Spotify Technology by 1.2% in the third quarter. Petra Financial Advisors Inc. now owns 1,639 shares of the company’s stock worth $1,144,000 after purchasing an additional 20 shares in the last quarter. 84.09% of the stock is currently owned by institutional investors.

Spotify Technology Stock Down 0.3%

Shares of NYSE SPOT opened at $480.77 on Monday. The business’s 50 day moving average price is $482.76 and its 200 day moving average price is $510.35. The firm has a market cap of $98.98 billion, a P/E ratio of 38.31, a P/E/G ratio of 1.18 and a beta of 1.56. Spotify Technology has a 52 week low of $405.00 and a 52 week high of $785.00.

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

Insider Transactions at Spotify Technology

In related news, CEO Alex Norstrom sold 5,436 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $479.51, for a total value of $2,606,616.36. Following the sale, the chief executive officer owned 69,989 shares in the company, valued at $33,560,425.39. This represents a 7.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher P. Marshall sold 2,650 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $519.86, for a total value of $1,377,629.00. Following the completion of the sale, the director owned 4,039 shares in the company, valued at approximately $2,099,714.54. This represents a 39.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 111,442 shares of company stock valued at $54,647,508 over the last quarter. Company insiders own 0.40% of the company’s stock.

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

Analyst Ratings Changes

A number of brokerages have commented on SPOT. JPMorgan Chase & Co. boosted their target price on shares of Spotify Technology from $600.00 to $650.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. UBS Group reduced their target price on shares of Spotify Technology from $760.00 to $735.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Rosenblatt Securities boosted their target price on shares of Spotify Technology from $500.00 to $534.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Canaccord Genuity Group reduced their target price on shares of Spotify Technology from $750.00 to $720.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Finally, Wall Street Zen downgraded shares of Spotify Technology from a “buy” rating to a “hold” rating in a report on Saturday. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Spotify Technology presently has an average rating of “Moderate Buy” and a consensus target price of $655.92.

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.