Coronation Fund Managers Ltd. Has $41.89 Million Holdings in Spotify Technology $SPOT

Key Points

• Coronation Fund Managers Ltd. increased its Spotify stake by 210.8% in Q4, holding 72,142 shares worth $41.89 million, about 1.9% of its portfolio and the fund's 16th-largest position.
• Insider activity: CEOs Gustav Soderstrom and Alex Norstrom sold 20,833 and 5,436 shares on April 1 for roughly $9.86M and $2.61M respectively, cutting their holdings substantially.
• Spotify recently beat Q4 estimates (EPS $5.16 vs $3.16; revenue $5.32B) and carries a MarketBeat consensus of "Moderate Buy" with an average target near $692, but faces regulatory risk (Texas probe) and a high P/E (~53.6).

Coronation Fund Managers Ltd. lifted its holdings in Spotify Technology (NYSE:SPOT - Free Report) by 210.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,142 shares of the company's stock after purchasing an additional 48,933 shares during the period. Spotify Technology accounts for about 1.9% of Coronation Fund Managers Ltd.'s investment portfolio, making the stock its 16th biggest holding. Coronation Fund Managers Ltd.'s holdings in Spotify Technology were worth $41,894,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp lifted its stake in shares of Spotify Technology by 1.1% in the 3rd quarter. State Street Corp now owns 4,622,298 shares of the company's stock valued at $3,226,364,000 after purchasing an additional 48,070 shares during the last quarter. Capital World Investors lifted its stake in shares of Spotify Technology by 40.7% in the 3rd quarter. Capital World Investors now owns 2,730,713 shares of the company's stock valued at $1,906,260,000 after purchasing an additional 789,755 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Spotify Technology by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 2,602,625 shares of the company's stock valued at $1,816,632,000 after purchasing an additional 113,612 shares during the last quarter. Coatue Management LLC lifted its stake in shares of Spotify Technology by 13.3% in the 3rd quarter. Coatue Management LLC now owns 1,803,173 shares of the company's stock valued at $1,258,615,000 after purchasing an additional 212,006 shares during the last quarter. Finally, Sands Capital Management LLC lifted its stake in shares of Spotify Technology by 14.2% in the 3rd quarter. Sands Capital Management LLC now owns 1,547,640 shares of the company's stock valued at $1,080,253,000 after purchasing an additional 192,837 shares during the last quarter. Institutional investors and hedge funds own 84.09% of the company's stock.

Spotify Technology News Roundup

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

• Positive Sentiment: Analysts and bullish write-ups are painting SPOT as a buy ahead of earnings, arguing the stock is attractively priced after a pullback and resilient to macro/AI headwinds. Buy Spotify Technology Stock Now Down 33% Before Earnings
• Positive Sentiment: Price-target upgrades and inclusion on “best stocks” lists (plus KeyBanc’s lift) are supporting optimism, which can attract short-term buying into the earnings window. Spotify Technology (SPOT) Boosted by $5 Ahead of Upcoming Q1 Report
• Positive Sentiment: Macro-driven rebounds in European tech have highlighted Spotify as an undervalued name, drawing fresh flow from thematic screens and value-seeking funds. 3 Undervalued European Tech Stocks to Buy After the Ceasefire (SPOT)
• Neutral Sentiment: Analyst models and key-metric projections for Spotify’s Q1 (subs, ARPU, ad revenue) are being closely watched — the report could swing the stock either way depending on guidance and metric beats/misses. What Analyst Projections for Key Metrics Reveal About Spotify (SPOT) Q1 Earnings
• Neutral Sentiment: Coverage of Spotify’s 20th anniversary highlights long-term strategic questions (new features, content, monetization) — positive for narrative but unclear near-term earnings impact. Spotify At 20 Sparks Fresh Questions On Growth And Valuation The highs and lows of Spotify’s first 20 years
• Negative Sentiment: Regulatory risk surfaced after Texas announced a probe of streaming platforms — any escalation or broader legal/regulatory action could weigh on sentiment and valuation. Texas announces probe of music streaming platforms. Spotify stock whipsaws

Insider Activity

In other 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 transaction of $9,864,842.16. Following the transaction, the chief executive officer owned 20,609 shares in the company, valued at approximately $9,758,773.68. The trade was a 50.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction, the chief executive officer owned 69,989 shares in the company, valued at approximately $33,560,425.39. The trade was a 7.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.40% of the company's stock.

Spotify Technology Price Performance

Spotify Technology stock opened at $516.85 on Friday. The firm has a market cap of $106.41 billion, a price-to-earnings ratio of 53.62, a P/E/G ratio of 1.12 and a beta of 1.70. Spotify Technology has a fifty-two week low of $405.00 and a fifty-two week high of $785.00. The firm has a fifty day moving average price of $501.08 and a two-hundred day moving average price of $553.22.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its earnings results on Wednesday, February 11th. The company reported $5.16 earnings per share for the quarter, topping analysts' consensus estimates of $3.16 by $2.00. Spotify Technology had a net margin of 13.16% and a return on equity of 31.35%. The firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the previous year, the business earned $1.88 EPS. The business's revenue was up 6.8% on a year-over-year basis. As a group, sell-side analysts expect that Spotify Technology will post 15.73 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Benchmark cut their target price on shares of Spotify Technology from $860.00 to $760.00 and set a "buy" rating for the company in a research report on Friday, January 16th. Citigroup raised shares of Spotify Technology from a "neutral" rating to a "buy" rating and set a $650.00 target price for the company in a research report on Friday, January 30th. Weiss Ratings lowered shares of Spotify Technology from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, February 26th. Daiwa Securities Group assumed coverage on shares of Spotify Technology in a research report on Thursday, March 26th. They set an "outperform" rating and a $535.00 target price for the company. Finally, UBS Group cut their target price on shares of Spotify Technology from $850.00 to $800.00 and set a "buy" rating for the company in a research report on Friday, January 9th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $692.14.

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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