Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes $1.54 Million Position in Spotify Technology $SPOT

Key Points

• Fideuram Intesa Sanpaolo Private Banking opened a new position in Spotify Technology in the fourth quarter, buying 2,644 shares valued at about $1.54 million.
• Spotify reported better-than-expected quarterly results, with EPS of $4.04 versus the $3.41 estimate and revenue of $5.25 billion, up 8.2% year over year.
• Analyst sentiment remains constructive, with a Moderate Buy consensus and a consensus price target of $652.46, even as some insiders recently sold shares and a few firms trimmed targets.

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Spotify Technology (NYSE:SPOT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,644 shares of the company's stock, valued at approximately $1,535,000.

A number of other hedge funds also recently made changes to their positions in the stock. Quadcap Wealth Management LLC lifted its holdings in shares of Spotify Technology by 5.7% during the 3rd quarter. Quadcap Wealth Management LLC now owns 295 shares of the company's stock worth $206,000 after acquiring an additional 16 shares during the last quarter. Sagespring Wealth Partners LLC lifted its stake 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 during the last quarter. Ameritas Advisory Services LLC lifted its stake 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 during the last quarter. Aprio Wealth Management LLC lifted its stake 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 during the last quarter. Finally, Petra Financial Advisors Inc. lifted its stake 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 during the last quarter. 84.09% of the stock is owned by institutional investors.

More Spotify Technology News

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

• Positive Sentiment: Spotify announced a new AI partnership with Universal Music Group that will let Premium users create licensed AI-generated covers and remixes, opening a potential new revenue stream while giving artists a cut of the economics. Spotify strikes deal with Universal Music to let premium users create AI covers, remixes
• Positive Sentiment: Management reinforced a bullish 2030 outlook, calling for mid-teens annual revenue growth and gross margins of 35% to 40%, which supports the argument that profitability can keep improving. Spotify stock pops on guidance at first investor day since 2022
• Positive Sentiment: Several Wall Street firms raised price targets after the event, including JPMorgan, Wells Fargo, Morgan Stanley, Barclays, Citizens JMP, and Jefferies, signaling stronger confidence in Spotify’s growth story. Analyst target hikes
• Positive Sentiment: Spotify also introduced new product features tied to engagement and monetization, including AI-generated podcasts, audiobook tools, and reserved concert tickets for top fans, which could deepen user activity and subscription value. Spotify adds AI-powered Q&A and briefing generation features to podcasts
• Neutral Sentiment: A Seeking Alpha opinion piece argued Spotify’s long-term path deserves a premium valuation, but this is more commentary than a new fundamental catalyst. Spotify's Path Forward Deserves This Premium
• Negative Sentiment: One Seeking Alpha note warned that weaker advertising trends could be a concern, suggesting ad-market softness may remain a headwind even as Spotify’s premium business improves. Spotify: Weaker Advertising Trends Are Becoming A Concern (Downgrade)

Spotify Technology Stock Up 5.9%

Shares of Spotify Technology stock opened at $518.92 on Friday. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $785.00. The company has a market cap of $106.83 billion, a price-to-earnings ratio of 41.35, a price-to-earnings-growth ratio of 1.25 and a beta of 1.55. The company's 50 day moving average is $479.80 and its 200 day moving average is $523.86.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $4.04 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.63. Spotify Technology had a net margin of 15.56% and a return on equity of 35.73%. The business had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same period last year, the firm earned $1.07 earnings per share. The company's quarterly revenue was up 8.2% on a year-over-year basis. Sell-side analysts expect that Spotify Technology will post 14.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Citigroup upgraded shares of Spotify Technology from a "neutral" rating to a "buy" rating and set a $650.00 price objective on the stock in a research report on Friday, January 30th. Guggenheim reduced their price target on shares of Spotify Technology from $600.00 to $565.00 and set a "buy" rating on the stock in a research report on Wednesday, April 29th. Citizens Jmp boosted their price target on shares of Spotify Technology from $600.00 to $625.00 and gave the company a "market outperform" rating in a research report on Friday. Cantor Fitzgerald cut their price objective on shares of Spotify Technology from $525.00 to $430.00 and set a "neutral" rating on the stock in a report on Wednesday, April 29th. Finally, The Goldman Sachs Group cut their price objective on shares of Spotify Technology from $670.00 to $600.00 and set a "buy" rating on the stock in a report on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $652.46.

Insider Activity at Spotify Technology

In other news, CEO Gustav Soderstrom sold 20,833 shares of the stock in a transaction on 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 sale, the chief executive officer directly owned 20,609 shares of the company's stock, valued at $9,758,773.68. This represents a 50.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Alex Norstrom sold 5,436 shares of the stock in a transaction on 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 sale, the chief executive officer directly owned 69,989 shares of the company's stock, valued at approximately $33,560,425.39. This trade represents a 7.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 47,102 shares of company stock worth $21,444,648 over the last quarter. Insiders own 0.40% of the company's stock.

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.

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