Spotify Technology $SPOT Shares Sold by Arrowstreet Capital Limited Partnership

Key Points

• Arrowstreet Capital trimmed its Spotify stake by 6.2%, selling 108,073 shares to hold 1,645,109 shares worth about $1.148 billion, making SPOT its 22nd-largest position.
• Spotify beat expectations with quarterly EPS of $5.16 (vs. $3.16 est.) and revenue of $5.32 billion (vs. $5.14B est.), with revenue up 6.8% year-over-year.
• Analysts have issued mixed revisions, but the consensus rating is a "Moderate Buy" with an average price target of $703.87.

Arrowstreet Capital Limited Partnership cut its stake in shares of Spotify Technology (NYSE:SPOT - Free Report) by 6.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,645,109 shares of the company's stock after selling 108,073 shares during the period. Spotify Technology makes up about 0.7% of Arrowstreet Capital Limited Partnership's holdings, making the stock its 22nd biggest position. Arrowstreet Capital Limited Partnership owned 0.80% of Spotify Technology worth $1,148,283,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SPOT. Knuff & Co LLC acquired a new position in shares of Spotify Technology during the second quarter worth approximately $27,000. Heartwood Wealth Advisors LLC acquired a new stake in Spotify Technology in the third quarter worth about $27,000. Greykasell Wealth Strategies Inc. boosted its position in shares of Spotify Technology by 3,800.0% in the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 39 shares of the company's stock worth $27,000 after purchasing an additional 38 shares during the last quarter. Total Investment Management Inc. acquired a new stake in shares of Spotify Technology in the 2nd quarter valued at approximately $29,000. Finally, Westfuller Advisors LLC acquired a new stake in Spotify Technology during the 3rd quarter worth $29,000. 84.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SPOT has been the subject of several recent research reports. Wells Fargo & Company reduced their price objective on Spotify Technology from $750.00 to $710.00 and set an "overweight" rating for the company in a research report on Tuesday, January 13th. Guggenheim reduced their price target on Spotify Technology from $720.00 to $600.00 and set a "buy" rating for the company in a research note on Tuesday, February 24th. Weiss Ratings downgraded Spotify Technology from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, February 26th. Barclays increased their target price on shares of Spotify Technology from $625.00 to $650.00 and gave the stock an "overweight" rating in a report on Wednesday, February 11th. Finally, Cantor Fitzgerald decreased their price target on shares of Spotify Technology from $615.00 to $525.00 and set a "neutral" rating for the company in a research report on Wednesday, February 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Spotify Technology has a consensus rating of "Moderate Buy" and a consensus price target of $703.87.

Spotify Technology Trading Down 1.0%

NYSE SPOT opened at $508.98 on Friday. 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 $104.79 billion, a P/E ratio of 52.80, a PEG ratio of 1.13 and a beta of 1.66. The company has a fifty day simple moving average of $503.50 and a 200 day simple moving average of $597.31.

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, beating analysts' consensus estimates of $3.16 by $2.00. The business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.14 billion. Spotify Technology had a return on equity of 31.35% and a net margin of 13.16%.The company's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.88 EPS. Sell-side analysts predict 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: SongDNA beta is getting strong early-user feedback — the new discovery/metadata feature could boost engagement and differentiation versus rivals, supporting longer-term subscriber and ad revenue growth. Spotify's SongDNA is already a hit with early access beta listeners
• Positive Sentiment: Product stickiness highlighted — a user-focused piece lists features that keep customers from leaving, underscoring retention advantages (playlists, discovery, cross-platform UX) that help monetization and reduce churn risk. I tried to quit Spotify, but these 4 features keep bringing me back
• Positive Sentiment: Investor attention rising — analysts and retail interest point to Spotify’s improving fundamentals and product initiatives as reasons investors are watching SPOT more closely, which can support multiple expansion if growth continues. Spotify Technology (SPOT) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Valuation debate after a sharp short-term rally — commentary examines whether the recent share-price surge already prices in expected subscriber and ad growth; valuation appears stretched to some investors despite strong recent returns. Is Spotify (SPOT) Still Attractive After Its Recent Share Price Surge?
• Negative Sentiment: Industry criticism resurfaces — pieces questioning Spotify’s claim that it “saved” the music industry highlight ongoing disputes over royalties and artist relations, which could invite reputational or regulatory scrutiny. Spotify says it's saved the music industry, but not everyone is convinced
• Negative Sentiment: Near-term volatility noted — market reports flag recent daily declines where SPOT fell more than the broader market, reflecting profit-taking after the rally and sensitivity to macro/tech flows. Spotify (SPOT) Declines More Than Market: Some Information for Investors

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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