Spotify Technology $SPOT Holdings Decreased by Capital International Investors

Key Points

• Capital International Investors trimmed its stake in Spotify by 28.6% in Q3, selling 122,662 shares and finishing the quarter with 306,966 shares worth about $215.23 million (≈0.15% of the company).
• Spotify beat quarterly estimates, reporting $5.16 EPS versus $3.16 expected and $5.32B in revenue versus $5.14B, and analysts hold a consensus "Moderate Buy" with an average price target of $703.87.
• Institutional activity is mixed—some large holders trimmed positions while others added—but institutions still own about 84.09% of Spotify, which may amplify near‑term volatility.

Capital International Investors lowered its stake in Spotify Technology (NYSE:SPOT - Free Report) by 28.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 306,966 shares of the company's stock after selling 122,662 shares during the quarter. Capital International Investors owned about 0.15% of Spotify Technology worth $215,233,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Group Investment Management PTE. LTD. boosted its holdings in shares of Spotify Technology by 49.7% in the third quarter. Capital Group Investment Management PTE. LTD. now owns 3,337 shares of the company's stock valued at $2,329,000 after acquiring an additional 1,108 shares in the last quarter. Bank of Montreal Can increased its position in shares of Spotify Technology by 7.8% during the 3rd quarter. Bank of Montreal Can now owns 240,154 shares of the company's stock valued at $167,627,000 after purchasing an additional 17,303 shares during the period. Legal & General Group Plc increased its position in shares of Spotify Technology by 1.0% during the 3rd quarter. Legal & General Group Plc now owns 1,120,442 shares of the company's stock valued at $782,069,000 after purchasing an additional 11,586 shares during the period. Vestcor Inc raised its stake in shares of Spotify Technology by 41.3% in the 3rd quarter. Vestcor Inc now owns 7,743 shares of the company's stock worth $5,405,000 after buying an additional 2,265 shares in the last quarter. Finally, Fieldview Capital Management LLC raised its stake in shares of Spotify Technology by 717.1% in the 3rd quarter. Fieldview Capital Management LLC now owns 6,292 shares of the company's stock worth $4,392,000 after buying an additional 5,522 shares in the last quarter. Institutional investors own 84.09% of the company's stock.

Spotify Technology Price Performance

Shares of NYSE SPOT opened at $514.33 on Thursday. The company has a market capitalization of $105.89 billion, a P/E ratio of 53.35, a price-to-earnings-growth ratio of 1.16 and a beta of 1.66. Spotify Technology has a one year low of $405.00 and a one year high of $785.00. The business's 50-day moving average price is $504.96 and its two-hundred day moving average price is $597.93.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its quarterly earnings results on Tuesday, February 10th. The company reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.16 by $2.00. Spotify Technology had a return on equity of 31.35% and a net margin of 13.16%.The company had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the prior year, the company posted $1.88 EPS. The firm's revenue was up 6.8% on a year-over-year basis. On average, equities analysts anticipate that Spotify Technology will post 10.3 EPS for the current year.

Key Headlines Impacting Spotify Technology

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

• Positive Sentiment: Polen Capital and other new investors have taken significant positions, signaling conviction in Spotify’s long-term content/monetization opportunity. Will Spotify (SPOT) be Able to Deliver More Than 20% Annual Free Cash Flow Growth?
• Positive Sentiment: Product stickiness remains high — a consumer write-up highlights features that keep users engaged, supporting retention and potential ARPU upside. I tried to quit Spotify, but these 4 features keep bringing me back
• Neutral Sentiment: Zacks notes elevated investor attention and flags the key drivers (ads, subscriptions, podcast/audiobook monetization) that will determine longer-term performance. Spotify Technology (SPOT) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Recent valuation commentary highlights big short-term swings — a sharp one‑month rally but mixed YTD/1‑year returns — suggesting heightened volatility as investors re‑rate growth vs. valuation. A Look At Spotify Technology’s Valuation After Recent Share Price Swings
• Neutral Sentiment: Institutional activity is mixed: some large holders trimmed positions and a few firms downgraded the stock, while other investors initiated new stakes — this creates offsetting flows and adds to near-term uncertainty. Spotify’s Split Signals On Growth, Valuation And Long Term Potential
• Negative Sentiment: Service disruptions were reported across multiple platforms (including Spotify) during a recent widespread outage, which can pressure short‑term user experience and sentiment even though services were later restored. Google, Spotify, more experience outages amid apparent widespread issue
• Negative Sentiment: Near-term price pressure: coverage notes the stock underperformed the market in the latest session and some sell-side downgrades/position trims were cited as contributors to the pullback. Spotify (SPOT) Declines More Than Market: Some Information for Investors

Analyst Upgrades and Downgrades

SPOT has been the subject of several research reports. Erste Group Bank cut Spotify Technology from a "buy" rating to a "hold" rating in a research note on Friday, December 5th. 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 note on Friday, January 30th. Cantor Fitzgerald reduced their target price on shares of Spotify Technology from $615.00 to $525.00 and set a "neutral" rating for the company in a report on Wednesday, February 11th. Pivotal Research lowered shares of Spotify Technology from a "buy" rating to a "hold" rating and decreased their price target for the stock from $875.00 to $420.00 in a research report on Wednesday, February 11th. Finally, Arete Research raised Spotify Technology from a "neutral" rating to a "buy" rating and set a $586.00 price objective for the company in a research note on Thursday, February 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $703.87.

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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