Geneva Partners LLC Lowers Position in Spotify Technology $SPOT

Key Points

• Geneva Partners LLC cut its stake in Spotify by 71.0% in Q4, selling 8,714 shares and retaining 3,564 shares valued at about $2.07 million, according to its SEC filing.
• Spotify delivered an earnings beat with EPS $4.04 (vs. $3.41 estimate) and $5.25B in revenue, and analysts remain broadly constructive with a consensus rating of "Moderate Buy" and a $645.77 target price.
• CEO Gustav Söderström sold 20,833 shares under a pre-arranged 10b5-1 plan to cover tax withholding (reducing his ownership ~50%), while institutional investors hold roughly 84.09% of the stock and insiders own about 0.40%.

Geneva Partners LLC trimmed its stake in Spotify Technology (NYSE:SPOT - Free Report) by 71.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,564 shares of the company's stock after selling 8,714 shares during the quarter. Geneva Partners LLC's holdings in Spotify Technology were worth $2,070,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SPOT. Capital World Investors grew its holdings in Spotify Technology by 40.7% in the third 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 period. Capital Research Global Investors acquired a new position in Spotify Technology during the third quarter valued at approximately $512,190,000. Principal Financial Group Inc. lifted its position in Spotify Technology by 3,534.9% during the third quarter. Principal Financial Group Inc. now owns 571,474 shares of the company's stock valued at $398,889,000 after buying an additional 555,752 shares in the last quarter. Swedbank AB lifted its position in shares of Spotify Technology by 37.9% during the fourth quarter. Swedbank AB now owns 1,616,321 shares of the company's stock worth $938,614,000 after purchasing an additional 444,162 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Spotify Technology by 157.5% during the third quarter. Alliancebernstein L.P. now owns 699,930 shares of the company's stock worth $488,551,000 after purchasing an additional 428,156 shares in the last quarter. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SPOT has been the topic of a number of recent research reports. Wells Fargo & Company reduced their target price on shares of Spotify Technology from $640.00 to $580.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 29th. Morgan Stanley initiated coverage on shares of Spotify Technology in a research report on Monday, April 13th. They set an "overweight" rating and a $630.00 target price on the stock. Guggenheim reduced their target price 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. JPMorgan Chase & Co. reduced their target price on shares of Spotify Technology from $700.00 to $600.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 29th. Finally, Cantor Fitzgerald reduced their target price on shares of Spotify Technology from $525.00 to $430.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $645.77.

Trending Headlines about Spotify Technology

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

• Positive Sentiment: Spotify is expanding its AI features — the interactive AI DJ now supports French, German, Italian and Brazilian Portuguese, widening the feature’s addressable audience and engagement potential outside English/Spanish markets. Spotify's AI DJ now supports French, German, Italian and Brazilian Portuguese
• Positive Sentiment: Management is publicly pursuing AI-driven audio growth — Spotify is positioning itself as a hub for AI-generated personal audio, which could create new monetization and content-differentiation paths if adoption scales. Spotify wants to become the home for AI-generated personal audio
• Positive Sentiment: Analysts remain broadly constructive — multiple recent write-ups highlight large upside from current levels (analyst consensus shows many Buy ratings and material modeled upside), supporting upside expectations. ​Spotify Technology (SPOT) Down 23% YTD, Should You Buy Before The Next Bull Run?
• Positive Sentiment: Underlying fundamentals remain supportive — the company recently reported an earnings beat and solid margin metrics, which underpins bullish analyst forecasts and helps explain the stock’s positive move today.
• Neutral Sentiment: Partnership noise — coverage of a Peloton earnings beat referenced a Spotify partnership; this could be incremental distribution/engagement but is not yet a clear revenue driver for Spotify. Peloton Soars 11% on Q3 Profit Turnaround, Raised Guidance, Spotify Partnership
• Neutral Sentiment: Heightened investor attention — Zacks and other outlets note increased searches and coverage on SPOT; attention can amplify moves but doesn’t on its own change fundamentals. Investors Heavily Search Spotify Technology (SPOT): Here is What You Need to Know
• Negative Sentiment: Insider sale — CEO Gustav Söderström sold 20,833 shares under a pre-arranged 10b5-1 plan to cover tax withholding from vesting awards; markets often react negatively to large insider sales despite tax or plan-related context. Insider sale by Gustav Söderström
• Negative Sentiment: Investor litigation risk — Pomerantz has opened an investor investigation into Spotify, which adds legal/regulatory overhang until details are resolved. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Spotify Technology S.A. - SPOT

Spotify Technology Price Performance

SPOT opened at $427.51 on Friday. The stock has a market capitalization of $88.01 billion, a PE ratio of 34.06, a P/E/G ratio of 1.05 and a beta of 1.55. The firm's fifty day moving average price is $496.76 and its 200 day moving average price is $539.88. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $785.00.

Spotify Technology (NYSE:SPOT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.63. The firm had revenue of $5.25 billion for the quarter, compared to analysts' expectations of $5.23 billion. Spotify Technology had a net margin of 15.56% and a return on equity of 35.73%. The firm's quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.07 earnings per share. On average, equities research analysts forecast that Spotify Technology will post 14.51 earnings per share for the current fiscal year.

Insider Buying and Selling at Spotify Technology

In related news, CEO Gustav Soderstrom sold 20,833 shares of the company's stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $430.72, for a total value of $8,973,189.76. Following the sale, the chief executive officer directly owned 20,492 shares of the company's stock, valued at $8,826,314.24. This represents a 50.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Alex Norstrom sold 5,436 shares of the company's stock in a transaction on Wednesday, April 1st. The shares were 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 in the company, valued at $33,560,425.39. This represents a 7.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 47,102 shares of company stock worth $21,444,648 over the last ninety days. 0.40% of the stock is currently owned by corporate insiders.

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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