3,113 Shares of Spotify Technology $SPOT Acquired by Blue Jean Financial LLC

Key Points

• Blue Jean Financial LLC acquired 3,113 Spotify shares worth approximately $1.52 million in the third quarter. Institutional investors collectively own 84.09% of Spotify’s outstanding stock.
• Spotify shares opened at $526.72, with a market capitalization of $108.44 billion; analysts maintain a consensus “Moderate Buy” rating and an average price target of $610.25.
• Spotify reported quarterly revenue of $5.45 billion and EPS of $3.03, slightly below analyst expectations, although revenue increased 13.9% year over year. Insiders sold 68,092 shares worth about $35.8 million during the quarter, primarily to cover tax obligations on vested equity awards.

Blue Jean Financial LLC acquired a new stake in shares of Spotify Technology (NYSE:SPOT - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,113 shares of the company's stock, valued at approximately $1,517,000.

A number of other institutional investors have also recently made changes to their positions in SPOT. Pin Oak Investment Advisors Inc. bought a new stake in shares of Spotify Technology in the second quarter worth about $27,000. Portus Wealth Advisors LLC purchased a new stake in shares of Spotify Technology in the first quarter worth about $32,000. Whipplewood Advisors LLC boosted its stake in Spotify Technology by 423.1% during the first quarter. Whipplewood Advisors LLC now owns 68 shares of the company's stock valued at $33,000 after buying an additional 55 shares during the last quarter. Palladiem LLC bought a new position in Spotify Technology during the first quarter valued at approximately $34,000. Finally, Tsfg LLC boosted its stake in Spotify Technology by 39.7% during the second quarter. Tsfg LLC now owns 81 shares of the company's stock valued at $37,000 after buying an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 84.09% of the company's stock.

Spotify Technology Price Performance

Shares of NYSE SPOT opened at $526.72 on Wednesday. The business's 50 day moving average is $522.79 and its two-hundred day moving average is $496.36. Spotify Technology has a 1-year low of $405.00 and a 1-year high of $696.95. The stock has a market capitalization of $108.44 billion, a P/E ratio of 32.80, a PEG ratio of 1.60 and a beta of 1.61.

Spotify Technology (NYSE:SPOT - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $3.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.16 by ($0.13). The company had revenue of $5.45 billion for the quarter, compared to analysts' expectations of $5.47 billion. Spotify Technology had a net margin of 18.44% and a return on equity of 41.39%. The company's revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.42) earnings per share. As a group, equities research analysts anticipate that Spotify Technology will post 13.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Gustav Söderström sold 20,913 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $544.19, for a total transaction of $11,380,645.47. Following the sale, the chief executive officer owned 20,025 shares in the company, valued at approximately $10,897,404.75. This represents a 51.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Alex Norström sold 5,436 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $502.10, for a total value of $2,729,415.60. Following the completion of the sale, the chief executive officer owned 66,773 shares of the company's stock, valued at approximately $33,526,723.30. This represents a 7.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 68,092 shares of company stock valued at $35,762,410. Company insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SPOT shares. Phillip Securities upgraded Spotify Technology to a "buy" rating and set a $650.00 price target for the company in a report on Tuesday, August 11th. KeyCorp lowered their target price on Spotify Technology from $680.00 to $660.00 and set an "overweight" rating for the company in a research report on Thursday, October 1st. Argus reiterated a "buy" rating and set a $600.00 target price on shares of Spotify Technology in a research report on Thursday, August 13th. Rosenblatt Securities reissued a "neutral" rating and issued a $527.00 target price on shares of Spotify Technology in a report on Tuesday. Finally, Benchmark lowered their price objective on shares of Spotify Technology from $695.00 to $650.00 and set a "buy" rating for the company in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $610.25.

Spotify Technology News Summary

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

• Positive Sentiment: Jefferies raised its price target to $620 from $600 and reiterated a Buy rating ahead of Spotify’s third-quarter results. The firm cited muted expectations, moderating cost pressures, potential advertising improvement, and possible AI products as catalysts. Jefferies also views Spotify’s platform as highly defensible against AI competition. Spotify Q3 preview: Jefferies sees favorable set-up as AI products and ad growth offer upside
• Positive Sentiment: Premium revenue reportedly grew 15%, supported by subscriber gains and pricing increases. Stronger subscription monetization could help offset continuing pressure in Spotify’s advertising business. Spotify’s Premium Growth Gains Traction
• Positive Sentiment: Spotify launched paid podcast memberships, allowing creators to offer perks such as ad-free listening, early access, and exclusive audio or video while retaining 90% of revenue. The initiative could increase creator retention and add a higher-margin monetization channel. Spotify launches paid podcast memberships with perks beyond bonus content
• Positive Sentiment: Spotify said it removed more than 50 million AI-generated “slop” and spam tracks from recommendations this year. The cleanup may improve user trust, discovery quality, and the platform’s defenses against low-quality AI content, although it also highlights a growing content-management challenge. Spotify has pulled more than 50m AI slop and spam tracks out of its recommendations this year
• Neutral Sentiment: Rosenblatt reaffirmed a Neutral rating with a $527 price target, indicating limited near-term upside at the cited price. Investors are also awaiting third-quarter metrics, including monthly active users, Premium subscribers, and revenue.
• Negative Sentiment: Advertising remains a pressure point, while Spotify’s multiyear Joe Rogan renewal increases content commitments. Although the company expanded its buyback authorization by approximately $1.5 billion to about $2.22 billion, investors must weigh capital returns against higher content spending. StoneX also downgraded the shares from Buy to Hold.

About Spotify Technology

Spotify Technology SA is an audio streaming company that operates the Spotify platform, offering users access to music, podcasts and audiobooks through internet-connected devices. Its catalog includes licensed recordings from music labels and artists, as well as podcasts and other audio content from creators and publishers.

Spotify provides both an ad-supported service and subscription-based Premium plans. Premium subscribers generally receive ad-free listening and additional features, while the advertising-supported service allows users to access content without a paid subscription.

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