Saudi Central Bank Has $55.99 Million Position in Spotify Technology $SPOT

Key Points

• Saudi Central Bank more than doubled its Spotify stake in the second quarter, holding 121,949 shares valued at approximately $55.99 million, or 0.06% of the company.
• Institutional investors own 84.09% of Spotify, while insiders sold 52,538 shares worth about $25.9 million over the past 90 days, including sales by two CEOs to cover equity-award tax obligations.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $609.05, although Spotify recently missed quarterly earnings and revenue estimates.

Saudi Central Bank lifted its holdings in Spotify Technology (NYSE:SPOT - Free Report) by 107.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 121,949 shares of the company's stock after purchasing an additional 63,286 shares during the period. Spotify Technology accounts for approximately 0.7% of Saudi Central Bank's portfolio, making the stock its 29th biggest holding. Saudi Central Bank owned 0.06% of Spotify Technology worth $55,990,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SPOT. State Street Corp lifted its holdings in shares of Spotify Technology by 1.9% during the fourth quarter. State Street Corp now owns 4,712,249 shares of the company's stock worth $2,736,450,000 after buying an additional 89,951 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Spotify Technology by 4.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,869,472 shares of the company's stock worth $2,247,042,000 after acquiring an additional 149,479 shares during the last quarter. Capital World Investors increased its position in Spotify Technology by 4.9% during the fourth quarter. Capital World Investors now owns 2,863,821 shares of the company's stock worth $1,663,024,000 after acquiring an additional 133,108 shares during the period. Fisher Asset Management LLC increased its position in Spotify Technology by 2.4% during the fourth quarter. Fisher Asset Management LLC now owns 2,665,512 shares of the company's stock worth $1,547,890,000 after acquiring an additional 62,887 shares during the period. Finally, Coatue Management LLC raised its stake in Spotify Technology by 35.9% during the 4th quarter. Coatue Management LLC now owns 2,450,881 shares of the company's stock valued at $1,423,251,000 after purchasing an additional 647,708 shares during the last quarter. Institutional investors and hedge funds own 84.09% of the company's stock.

Insider Buying and Selling at Spotify Technology

In other news, CEO Alex Norström sold 5,436 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $502.10, for a total value of $2,729,415.60. Following the completion of the sale, the chief executive officer directly owned 66,773 shares in the company, valued at approximately $33,526,723.30. This trade represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,833 shares of Spotify Technology stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $507.24, for a total value of $10,567,330.92. Following the completion of the transaction, the chief executive officer directly owned 20,142 shares of the company's stock, valued at $10,216,828.08. This represents a 50.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 52,538 shares of company stock worth $25,878,250 in the last 90 days. Company insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SPOT shares. Weiss Ratings raised shares of Spotify Technology from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, August 26th. Benchmark dropped their price objective on shares of Spotify Technology from $695.00 to $650.00 and set a "buy" rating on the stock in a report on Wednesday, July 22nd. Guggenheim reaffirmed a "buy" rating and set a $565.00 price objective on shares of Spotify Technology in a research report on Wednesday, August 5th. UBS Group reduced their target price on shares of Spotify Technology from $735.00 to $690.00 and set a "buy" rating for the company in a research note on Friday, July 10th. Finally, JPMorgan Chase & Co. lifted their target price on Spotify Technology from $600.00 to $650.00 and gave the stock an "overweight" rating in a research report on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued 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 an average target price of $609.05.

Spotify Technology Price Performance

Shares of SPOT opened at $542.08 on Friday. The company has a market capitalization of $111.60 billion, a P/E ratio of 33.75, a PEG ratio of 1.60 and a beta of 1.59. Spotify Technology has a one year low of $405.00 and a one year high of $745.00. The business's 50 day simple moving average is $503.22 and its 200-day simple moving average is $491.98.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $3.03 earnings per share for the quarter, missing analysts' consensus estimates of $3.16 by ($0.13). Spotify Technology had a net margin of 18.44% and a return on equity of 41.39%. The business had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same period in the prior year, the business earned ($0.42) earnings per share. The company's revenue for the quarter was up 13.9% on a year-over-year basis. On average, sell-side analysts anticipate that Spotify Technology will post 14.29 EPS for the current fiscal year.

Spotify Technology News Summary

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

• Positive Sentiment: Spotify’s Premium revenue increased 15% year over year to approximately $4.33 billion, supported by subscriber gains and higher average revenue per user (ARPU). Advertising revenue also grew, suggesting that monetization trends remain favorable. Can Higher ARPU Keep Spotify’s Premium Revenue Growing?
• Positive Sentiment: Spotify’s growing presence in India, including increased discovery of regional and independent artists, could support long-term engagement, content diversity and market expansion. India Is Discovering Music Differently
• Neutral Sentiment: Spotify was included among stocks discussed during CNBC’s “Final Trades,” increasing investor visibility but providing no specific new company catalyst in the available report. Nvidia, ServiceNow, Spotify and a Financial Stock on CNBC’s Final Trades
• Neutral Sentiment: A report highlighting ways to improve Spotify audio quality is consumer-focused and does not materially change the company’s earnings outlook. 10 Things That Are Ruining Your Sound Quality on Spotify
• Neutral Sentiment: Board member Heidi O’Neill’s resignation introduces a governance change, but no operational or financial impact was reported. Spotify Announces Resignation of Heidi O’Neill
• Neutral Sentiment: Spotify had risen 16% since its latest earnings report, but analysts are questioning whether that momentum can continue, making profit-taking and higher valuation concerns relevant. Spotify Up 16% Since Last Earnings Report
• Negative Sentiment: A Seeking Alpha downgrade cited disappointing growth trends and slowing monthly active-user additions, raising concerns about Spotify’s ability to sustain its premium valuation. Spotify: Disappointing Growth Trends and Slowing MAU Adds
• Negative Sentiment: Erste Group Bank expressed a negative view of Spotify’s fiscal 2026 earnings, adding to cautious sentiment around future profitability and growth. Erste Group Bank Has Negative View of SPOT FY2026 Earnings

Spotify Technology Company 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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