Marsico Capital Management LLC Has $13.87 Million Stake in Spotify Technology $SPOT

Key Points

• Marsico Capital Management sharply cut its Spotify stake by 84.7% in the fourth quarter, selling 132,654 shares and ending with 23,879 shares worth about $13.87 million.
• Spotify’s recent Investor Day “North Star” outlook was received positively, with analysts staying constructive on the stock and the consensus rating still at Moderate Buy.
• The company reported strong quarterly results, posting EPS of $4.04 on revenue of $5.25 billion, while insiders have also been selling shares and the stock was trading down 3.4% in the latest session.

Marsico Capital Management LLC trimmed its position in shares of Spotify Technology (NYSE:SPOT - Free Report) by 84.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,879 shares of the company's stock after selling 132,654 shares during the period. Marsico Capital Management LLC's holdings in Spotify Technology were worth $13,867,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Spotify Technology in the 3rd quarter valued at approximately $26,000. JPL Wealth Management LLC bought a new position in Spotify Technology in the 3rd quarter valued at approximately $35,000. Newbridge Financial Services Group Inc. bought a new position in Spotify Technology in the 4th quarter valued at approximately $35,000. Kozak & Associates Inc. raised its holdings in Spotify Technology by 1,700.0% in the 4th quarter. Kozak & Associates Inc. now owns 72 shares of the company's stock valued at $39,000 after buying an additional 68 shares during the last quarter. Finally, Eastern Bank raised its holdings in Spotify Technology by 110.5% in the 4th quarter. Eastern Bank now owns 80 shares of the company's stock valued at $46,000 after buying an additional 42 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: Spotify’s Investor Day “North Star” outlook appears to have impressed investors, with the company signaling a clearer growth path and renewed confidence in its strategy. Spotify's "North Star" Outlook Was Music to Investors Ears
• Positive Sentiment: Analysts remain constructive on SPOT, citing meaningful upside potential and a large majority of Buy ratings, which supports the case for longer-term gains. Analyst Remains Positive on Spotify (SPOT) Despite 14% Drop In 2026 So Far
• Neutral Sentiment: Recent coverage also said Spotify is not deliberately uploading AI artists or music, helping reduce confusion around that issue but not materially changing the investment story. No, Spotify isn't deliberately uploading AI artists and music
• Negative Sentiment: Spotify is facing reputational pressure after reports that it removed more than 57,000 opioid-related podcasts, with criticism that it did not report the content to law enforcement sooner. Spotify quietly took down over 57,000 podcasts peddling opioids, a US senator says
• Negative Sentiment: Short-term trading has turned weaker, with SPOT slipping in the latest sessions and giving back some of the earlier post-Investor Day gains. Spotify (SPOT) Stock Slides as Market Rises: Facts to Know Before You Trade

Spotify Technology Trading Down 3.4%

NYSE SPOT opened at $486.06 on Friday. The company has a fifty day simple moving average of $482.58 and a 200 day simple moving average of $511.09. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $785.00. The company has a market cap of $100.07 billion, a P/E ratio of 38.73, a PEG ratio of 1.23 and a beta of 1.56.

Spotify Technology (NYSE:SPOT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $4.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.41 by $0.63. The firm had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.23 billion. Spotify Technology had a net margin of 15.56% and a return on equity of 35.73%. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.07 EPS. Sell-side analysts predict that Spotify Technology will post 14.72 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SPOT shares. KeyCorp dropped their price objective on shares of Spotify Technology from $745.00 to $680.00 and set an "overweight" rating for the company in a report on Wednesday, April 29th. Morgan Stanley raised their price target on shares of Spotify Technology from $590.00 to $610.00 and gave the stock an "overweight" rating in a report on Friday, May 22nd. JPMorgan Chase & Co. raised their price target on shares of Spotify Technology from $600.00 to $650.00 and gave the stock an "overweight" rating in a report on Friday, May 22nd. Cantor Fitzgerald raised their price target on shares of Spotify Technology from $430.00 to $520.00 and gave the stock a "neutral" rating in a report on Tuesday, May 26th. Finally, Arete Research upgraded shares of 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. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Spotify Technology presently has a consensus rating of "Moderate Buy" and a consensus price target of $655.92.

Insider Activity

In other Spotify Technology news, CEO Gustav Soderstrom sold 20,833 shares of Spotify Technology stock in a transaction on 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 directly owned 20,609 shares of the company's stock, valued at $9,758,773.68. The trade was a 50.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas O. Staggs sold 5,477 shares of Spotify Technology stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $526.00, for a total transaction of $2,880,902.00. Following the transaction, the director directly owned 3,619 shares in the company, valued at $1,903,594. This represents a 60.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 111,442 shares of company stock worth $54,647,508. Company insiders own 0.40% of the company's stock.

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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