Assetmark Inc. Has $18.62 Million Stake in Spotify Technology $SPOT

Key Points

• Assetmark Inc. increased its stake in Spotify by 11.6% to 32,059 shares, worth about $18.62 million, and institutional investors now own roughly 84.09% of the stock.
• Shareholders approved the board, auditor and a new buyback authorization at Spotify’s 2026 AGM, a direct capital-return catalyst that could support the stock through repurchases.
• Spotify beat quarterly expectations (EPS $5.16 vs. $3.16; revenue $5.32B vs. $5.14B) and retains a constructive analyst consensus ("Moderate Buy") with an average price target near $690.17.

Assetmark Inc. grew its position in shares of Spotify Technology (NYSE:SPOT - Free Report) by 11.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,059 shares of the company's stock after buying an additional 3,335 shares during the quarter. Assetmark Inc.'s holdings in Spotify Technology were worth $18,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Tower View Wealth Management LLC lifted its holdings in Spotify Technology by 1.0% in the 4th quarter. Tower View Wealth Management LLC now owns 5,092 shares of the company's stock worth $2,957,000 after purchasing an additional 51 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Spotify Technology in the 4th quarter worth approximately $865,000. Watershed Private Wealth LLC lifted its holdings in Spotify Technology by 54.0% in the 4th quarter. Watershed Private Wealth LLC now owns 593 shares of the company's stock worth $344,000 after purchasing an additional 208 shares during the last quarter. FSM Wealth Advisors LLC acquired a new stake in Spotify Technology in the 4th quarter worth approximately $329,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Spotify Technology by 18.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 419,002 shares of the company's stock worth $243,319,000 after purchasing an additional 66,423 shares during the last quarter. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Spotify Technology News Summary

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

• Positive Sentiment: Shareholders approved the board, auditor and a new buyback authorization at Spotify’s 2026 AGM — a direct governance and capital-return catalyst that can support the stock by enabling buybacks and signaling shareholder alignment. Spotify Shareholders Back Board, Auditor and New Buyback Authorization at 2026 AGM
• Positive Sentiment: KeyCorp raised its price target to $745 and maintains an "overweight" view, adding institutional support and implying significant upside vs. recent levels. KeyCorp raises price target
• Positive Sentiment: Spotify expanded commerce by adding the ability to sell physical books in the U.S. and U.K. (reports note Kindle-like commerce for audiobooks/physical titles) — a potential incremental revenue stream and further monetization of the platform. Spotify is selling books now Spotify launches the ability to purchase physical books
• Positive Sentiment: Independent bullish coverage (Seeking Alpha) highlights user growth and strong earnings momentum ahead of Q1, supporting positive investor momentum. Spotify: I See The Stock As A Top Hit Ahead Of Q1
• Positive Sentiment: Analyst consensus remains constructive (reported “Moderate Buy”), which supports demand from buy-side managers tracking consensus signals. Spotify Given Consensus Recommendation of Moderate Buy
• Neutral Sentiment: New coverage from Morgan Stanley was initiated — coverage initiation increases analyst attention and liquidity but impact depends on the firm's stance and model assumptions. Morgan Stanley Begins Coverage on Spotify
• Neutral Sentiment: Articles comparing Spotify vs. peers (PAYC) and user-tip pieces are informational and unlikely to move the stock materially by themselves. PAYC or SPOT: Which Is the Better Value Stock Right Now? PAYC or SPOT: Which Is the Better Value Stock Right Now?
• Neutral Sentiment: Consumer-facing content like "10 hacks every Spotify user should know" may help engagement but is not a significant stock catalyst. 10 hacks every Spotify user should know
• Negative Sentiment: Wells Fargo trimmed its price target to $640 — a downgrade in target reduces upside perception and can weigh on sentiment, especially if other banks follow. Wells Fargo Lowers Spotify Price Target
• Negative Sentiment: Reports that AI-generated impersonations of musicians are proliferating on the platform highlight content-moderation, legal and brand-risk concerns that could create regulatory, licensing or PR headwinds. AI impersonations flood Spotify

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SPOT shares. Citizens Jmp started coverage on Spotify Technology in a report on Wednesday, December 17th. They set a "market outperform" rating and a $800.00 price target for the company. Sanford C. Bernstein cut their price target on Spotify Technology from $830.00 to $650.00 and set an "outperform" rating for the company in a report on Wednesday, January 14th. Arete Research upgraded Spotify Technology from a "neutral" rating to a "buy" rating and set a $586.00 price target for the company in a report on Thursday, February 26th. Benchmark cut their price target on Spotify Technology from $860.00 to $760.00 and set a "buy" rating for the company in a report on Friday, January 16th. Finally, The Goldman Sachs Group upgraded Spotify Technology from a "neutral" rating to a "buy" rating and cut their price target for the stock from $735.00 to $700.00 in a report on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $690.17.

Insider Transactions at Spotify Technology

In other Spotify Technology news, CEO Gustav Soderstrom sold 20,833 shares of the business's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $473.52, for a total value of $9,864,842.16. Following the completion of the transaction, the chief executive officer directly owned 20,609 shares of the company's stock, valued at approximately $9,758,773.68. The trade was a 50.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Alex Norstrom sold 5,436 shares of the business's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $479.51, for a total transaction of $2,606,616.36. Following the completion of the transaction, the chief executive officer directly owned 69,989 shares of the company's stock, valued at approximately $33,560,425.39. This represents a 7.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.40% of the company's stock.

Spotify Technology Price Performance

Shares of NYSE:SPOT opened at $529.85 on Thursday. The business's fifty day moving average price is $489.75 and its two-hundred day moving average price is $560.68. Spotify Technology has a fifty-two week low of $405.00 and a fifty-two week high of $785.00. The stock has a market capitalization of $109.09 billion, a price-to-earnings ratio of 54.96, a price-to-earnings-growth ratio of 1.12 and a beta of 1.70.

Spotify Technology (NYSE:SPOT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $5.16 earnings per share for the quarter, beating analysts' consensus estimates of $3.16 by $2.00. The firm had revenue of $5.32 billion for the quarter, compared to analysts' expectations of $5.14 billion. Spotify Technology had a return on equity of 31.35% and a net margin of 13.16%.The business's revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.88 earnings per share. Research analysts expect that Spotify Technology will post 10.3 EPS for the current fiscal year.

About Spotify Technology

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.

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