6,294 Spotify Technology $SPOT Shares Sold by Sustainable Growth Advisers LP

Key Points

• Sustainable Growth Advisers LP cut its Spotify stake by 42.3% in the third quarter, selling 6,294 shares and retaining 8,583 shares valued at $4.18 million.
• Institutional ownership remains high at 84.09%, with several major investors—including Principal Financial, Tiger Global and Janus Henderson—recently increasing their positions.
• Spotify shares were trading near $532.69, while analysts maintained a generally positive outlook with a “Moderate Buy” consensus and a $610.25 price target; however, upcoming earnings, higher label payments and insider share sales remain potential concerns.

Sustainable Growth Advisers LP trimmed its position in shares of Spotify Technology (NYSE:SPOT - Free Report) by 42.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,583 shares of the company's stock after selling 6,294 shares during the period. Sustainable Growth Advisers LP's holdings in Spotify Technology were worth $4,183,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPOT. Cantillon Capital Management LLC acquired a new position in Spotify Technology in the 1st quarter valued at approximately $213,047,000. Southpoint Capital Advisors LP acquired a new stake in shares of Spotify Technology during the 1st quarter worth approximately $193,964,000. Principal Financial Group Inc. grew its holdings in shares of Spotify Technology by 53.4% during the 1st quarter. Principal Financial Group Inc. now owns 989,667 shares of the company's stock worth $479,899,000 after purchasing an additional 344,471 shares in the last quarter. Tiger Global Management LLC grew its holdings in shares of Spotify Technology by 25.3% during the 1st quarter. Tiger Global Management LLC now owns 1,580,761 shares of the company's stock worth $766,527,000 after purchasing an additional 319,300 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Spotify Technology by 20.1% during the first quarter. Janus Henderson Group PLC now owns 1,711,015 shares of the company's stock valued at $829,641,000 after purchasing an additional 286,844 shares during the period. 84.09% of the stock is currently owned by institutional investors.

Key Spotify Technology News

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

• Positive Sentiment: Spotify outperformed the broader market in the latest session, suggesting investors may be focusing on its improving profitability and long-term growth prospects ahead of its upcoming earnings report. Why Spotify outpaced the stock market
• Positive Sentiment: Baillie Gifford highlighted Spotify’s potential to benefit from artificial-intelligence-driven personalization and deeper listener insights, which could support engagement, targeting and monetization over time. Spotify AI personalization opportunity
• Positive Sentiment: Expanded Siri functionality in Apple’s iOS 27 makes Spotify easier to control by voice, potentially improving discovery and usage among iPhone customers. Spotify Siri integration
• Neutral Sentiment: StoneX downgraded SPOT to Hold from Buy, citing limited near-term catalysts for revenue per user and higher payments to record labels. The call adds pressure to a stock trading at a premium earnings multiple. StoneX Spotify downgrade
• Neutral Sentiment: Spotify is expected to report earnings soon, but analysts anticipate a decline in earnings and see limited evidence of a likely consensus beat. Investors will focus on margins, subscriber trends and management’s outlook. Spotify earnings expectations
• Negative Sentiment: Reports that lossless audio is disrupting the Spotify desktop application could hurt customer satisfaction and complicate the rollout of a higher-quality service. Spotify lossless audio issues
• Negative Sentiment: CEO Gustav Söderström sold approximately $11.1 million of shares, reducing his direct holdings by more than half. The filing says the sale covered tax withholding on vested equity awards, which limits—but does not eliminate—the negative signaling effect. Spotify CEO SEC filing

Spotify Technology Trading Up 1.7%

NYSE:SPOT opened at $532.69 on Friday. The stock has a market capitalization of $109.67 billion, a P/E ratio of 33.17, a price-to-earnings-growth ratio of 1.61 and a beta of 1.61. Spotify Technology has a 1 year low of $405.00 and a 1 year high of $696.95. The firm has a 50 day moving average of $521.34 and a 200-day moving average of $495.34.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $3.03 EPS for the quarter, missing analysts' consensus estimates of $3.16 by ($0.13). Spotify Technology had a return on equity of 41.39% and a net margin of 18.44%. The business had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter last year, the company earned ($0.42) earnings per share. The firm's revenue was up 13.9% on a year-over-year basis. As a group, analysts forecast that Spotify Technology will post 13.77 EPS for the current fiscal year.

Insider Buying and Selling at Spotify Technology

In other 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 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 sale, the chief executive officer owned 66,773 shares in the company, valued at $33,526,723.30. The trade was a 7.53% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Corporate insiders own 0.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SPOT. Argus restated a "buy" rating and set a $600.00 price objective on shares of Spotify Technology in a research report on Thursday, August 13th. KeyCorp reduced 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. Rosenblatt Securities decreased their price target on shares of Spotify Technology from $531.00 to $527.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 5th. Piper Sandler started coverage on shares of Spotify Technology in a research note on Thursday, October 8th. They set a "neutral" rating and a $540.00 price target on the stock. Finally, Weiss Ratings raised shares of Spotify Technology from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $610.25.

About Spotify Technology

Spotify Technology SA is a global audio streaming company that operates the Spotify platform. The service provides users with access to a broad catalog of music, podcasts and audiobooks, along with personalized recommendations, playlists and other discovery features.

Spotify offers a subscription-based Premium service with enhanced listening features, as well as an ad-supported service available at no direct cost to users. The company generates revenue primarily through Premium subscriptions and advertising, including audio, video and display advertising delivered across its platform.

Founded in 2006 by Daniel Ek and Martin Lorentzon, Spotify is headquartered in Stockholm, Sweden, and serves listeners, creators, advertisers and other partners across markets worldwide.

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