Spotify Technology $SPOT Stock Acquired by Nisa Investment Advisors LLC

Key Points

• Nisa Investment Advisors increased its Spotify position by 15.9% in the third quarter, bringing its holdings to 21,398 shares valued at approximately $10.4 million. Institutional investors and hedge funds collectively own 84.09% of Spotify.
• Spotify shares were recently trading at $581.70, up 10.7%, with a market capitalization of about $119.8 billion. The company reported 13.9% year-over-year revenue growth, though quarterly EPS and revenue narrowly missed analyst expectations.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $610.25, while several firms have recently reduced their targets. Executives also sold shares primarily to cover tax obligations tied to vested equity awards.

Nisa Investment Advisors LLC raised its position in shares of Spotify Technology (NYSE:SPOT - Free Report) by 15.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,398 shares of the company's stock after purchasing an additional 2,943 shares during the period. Nisa Investment Advisors LLC's holdings in Spotify Technology were worth $10,429,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. AMI Asset Management Corp boosted its stake in Spotify Technology by 5.8% in the third quarter. AMI Asset Management Corp now owns 79,985 shares of the company's stock valued at $38,983,000 after buying an additional 4,401 shares in the last quarter. Blue Jean Financial LLC acquired a new position in Spotify Technology during the third quarter worth about $1,517,000. 55 North Private Wealth LLC acquired a new position in Spotify Technology during the third quarter worth about $277,000. Net Worth Advisory Group raised its stake in Spotify Technology by 35.0% during the third quarter. Net Worth Advisory Group now owns 740 shares of the company's stock worth $363,000 after acquiring an additional 192 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Spotify Technology by 0.5% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,034 shares of the company's stock worth $17,075,000 after acquiring an additional 189 shares in the last quarter. Institutional investors and hedge funds own 84.09% of the company's stock.

Spotify Technology Stock Up 10.7%

Shares of SPOT opened at $581.70 on Friday. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $683.96. The business has a 50-day simple moving average of $525.20 and a two-hundred day simple moving average of $497.27. The stock has a market cap of $119.76 billion, a PE ratio of 36.22, a PEG ratio of 1.63 and a beta of 1.61.

Spotify Technology (NYSE:SPOT - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $3.03 EPS for the quarter, missing the consensus estimate of $3.16 by ($0.13). Spotify Technology had a net margin of 18.44% and a return on equity of 41.39%. The firm had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter in the prior year, the business posted ($0.42) earnings per share. Spotify Technology's revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities research analysts expect that Spotify Technology will post 13.66 EPS for the current year.

Insider Activity

In related news, CEO Gustav Söderström sold 20,910 shares of the firm's stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $530.13, for a total value of $11,085,018.30. Following the completion of the transaction, the chief executive officer owned 19,908 shares in the company, valued at $10,553,828.04. This trade represents a 51.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Alex Norström sold 5,436 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $502.10, for a total transaction of $2,729,415.60. Following the completion of the transaction, the chief executive officer owned 66,773 shares of the company's stock, valued at approximately $33,526,723.30. This trade represents a 7.53% decrease in their position. 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. Over the last 90 days, insiders have sold 68,092 shares of company stock worth $35,762,410. Company insiders own 0.40% of the company's stock.

Trending Headlines about Spotify Technology

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

• Positive Sentiment: Spotify reached 306 million premium subscribers in the third quarter, up 9% year over year and roughly one million above expectations. Growth was reported across all regions, while monthly active users rose 11% to 788 million. Spotify Stock Surges on Q3 Subscriber Beat And Bullish Forecast
• Positive Sentiment: Third-quarter revenue increased approximately 16% year over year to nearly €5 billion, while operating income reached €672 million. Improving margins and user growth strengthened the investment case. Spotify revenue rises 16% as subscribers and margins improve
• Positive Sentiment: Management forecast fourth-quarter operating profit above Wall Street expectations, supported by continued subscriber momentum and investments in artificial-intelligence-powered personalization and discovery features. Spotify forecasts fourth-quarter profit above estimates on AI bets
• Positive Sentiment: Spotify is expanding audiobooks to more than 180 markets and sees AI agents as a potential future distribution channel, while new features could support engagement and monetization. Spotify: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: The company said it removed or blocked 50 million spam and AI-generated “slop” tracks this year, potentially improving recommendation quality and protecting the user experience. Spotify says it removed 50 million slop and spam AI tracks this year
• Neutral Sentiment: Spotify confirmed tighter Family Plan sharing verification, describing it as a routine improvement. The measure could improve paid conversion, although it may create some customer friction. Spotify confirms Family Plan crackdown
• Negative Sentiment: Quarterly EPS missed consensus estimates, and revenue was slightly below expectations in several reports, highlighting near-term pressure despite strong user growth. Spotify Q3 Earnings Miss Estimates

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Cantor Fitzgerald dropped their target price on shares of Spotify Technology from $530.00 to $490.00 and set a "neutral" rating for the company in a report on Monday, October 12th. Argus reaffirmed a "buy" rating and set a $600.00 price target on shares of Spotify Technology in a report on Thursday, August 13th. Wells Fargo & Company lowered their price objective on shares of Spotify Technology from $600.00 to $570.00 and set an "overweight" rating for the company in a research report on Thursday, July 9th. UBS Group dropped their price objective on shares of Spotify Technology from $690.00 to $675.00 and set a "buy" rating for the company in a research note on Monday, October 5th. Finally, Rosenblatt Securities restated a "neutral" rating and issued a $527.00 target price on shares of Spotify Technology in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Spotify Technology currently has an average rating of "Moderate Buy" and a consensus target price of $610.25.

Spotify Technology Company Profile

Spotify Technology SA is an audio streaming company that operates the Spotify platform, offering users access to music, podcasts and audiobooks through internet-connected devices. Its catalog includes licensed recordings from music labels and artists, as well as podcasts and other audio content from creators and publishers.

Spotify provides both an ad-supported service and subscription-based Premium plans. Premium subscribers generally receive ad-free listening and additional features, while the advertising-supported service allows users to access content without a paid subscription.

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