Spotify Technology $SPOT Stock Position Lowered by Asset Management One Co. Ltd.

Key Points

• Asset Management One reduced its Spotify stake by 3.3% in the third quarter, selling 2,153 shares and retaining 63,886 shares valued at approximately $31.1 million. Institutional investors collectively own 84.09% of the company.
• Spotify insiders sold 68,092 shares worth $35.8 million during the last quarter, including transactions by CEOs Alex Norström and Gustav Söderström to cover tax obligations related to vested equity awards.
• Analysts remain moderately bullish, but concerns persist. Spotify has a consensus “Moderate Buy” rating and an average price target of $620.07, despite a quarterly EPS miss of $2.81 versus the $3.18 estimate and several recent rating downgrades.

Asset Management One Co. Ltd. trimmed its stake in shares of Spotify Technology (NYSE:SPOT - Free Report) by 3.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,886 shares of the company's stock after selling 2,153 shares during the period. Asset Management One Co. Ltd.'s holdings in Spotify Technology were worth $31,137,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Tsfg LLC lifted its stake in Spotify Technology by 39.7% in the 2nd quarter. Tsfg LLC now owns 81 shares of the company's stock valued at $37,000 after buying an additional 23 shares in the last quarter. Carl P. Sherr & Co. LLC raised its holdings in shares of Spotify Technology by 0.7% during the first quarter. Carl P. Sherr & Co. LLC now owns 4,138 shares of the company's stock valued at $2,007,000 after acquiring an additional 27 shares during the last quarter. Frank Rimerman Advisors LLC raised its holdings in shares of Spotify Technology by 2.8% during the third quarter. Frank Rimerman Advisors LLC now owns 1,066 shares of the company's stock valued at $520,000 after acquiring an additional 29 shares during the last quarter. Simplify Asset Management Inc. lifted its position in shares of Spotify Technology by 3.1% in the first quarter. Simplify Asset Management Inc. now owns 1,074 shares of the company's stock valued at $521,000 after acquiring an additional 32 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its position in shares of Spotify Technology by 7.5% in the first quarter. Arkadios Wealth Advisors now owns 474 shares of the company's stock valued at $230,000 after acquiring an additional 33 shares in the last quarter. Institutional investors and hedge funds own 84.09% of the company's stock.

Insider Activity at Spotify Technology

In other Spotify Technology news, CEO Alex Norström sold 5,436 shares of the business'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 in the company, valued at $33,526,723.30. The trade was a 7.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,913 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $544.19, for a total transaction of $11,380,645.47. Following the completion of the sale, the chief executive officer directly owned 20,025 shares in the company, valued at approximately $10,897,404.75. This represents a 51.08% 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 a total of 68,092 shares of company stock valued at $35,762,410 in the last quarter. 0.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SPOT has been the subject of a number of recent research reports. Wall Street Zen cut shares of Spotify Technology from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Rosenblatt Securities restated a "neutral" rating and set a $527.00 price target on shares of Spotify Technology in a research report on Tuesday, October 20th. Stonex Financia lowered shares of Spotify Technology from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 14th. Benchmark dropped their price objective on shares of Spotify Technology from $695.00 to $650.00 and set a "buy" rating for the company in a research note on Wednesday, July 22nd. Finally, Phillip Securities downgraded shares of Spotify Technology from a "strong-buy" rating to a "moderate buy" rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Spotify Technology has an average rating of "Moderate Buy" and an average price target of $620.07.

Spotify Technology Stock Performance

Shares of Spotify Technology stock opened at $538.44 on Thursday. Spotify Technology has a one year low of $405.00 and a one year high of $673.16. The company has a market cap of $110.85 billion, a PE ratio of 35.70, a P/E/G ratio of 1.81 and a beta of 1.61. The business has a 50-day simple moving average of $528.96 and a 200-day simple moving average of $497.81.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its earnings results on Thursday, October 22nd. The company reported $2.81 earnings per share for the quarter, missing analysts' consensus estimates of $3.18 by ($0.37). The firm had revenue of $5.63 billion for the quarter, compared to analysts' expectations of $5.64 billion. Spotify Technology had a return on equity of 35.64% and a net margin of 15.74%. The firm's quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.28 earnings per share. On average, sell-side analysts predict that Spotify Technology will post 13.79 earnings per share for the current fiscal year.

Key Stories Impacting Spotify Technology

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

• Positive Sentiment: Subscriber and revenue growth outweighed the earnings miss. Spotify’s quarterly earnings fell short of expectations, but robust subscriber growth, rising Premium revenue and improving advertising trends gave investors reasons to remain optimistic about future sales and monetization. Spotify Stock Rises 6% Despite Reporting Earnings Miss in Q3
• Positive Sentiment: Management highlighted margin-driven growth. Commentary from Spotify’s earnings call emphasized expanding profitability and operating leverage, potentially supporting the investment case as the company scales its subscription and advertising businesses. Spotify Earnings Call Highlights Margin-Fueled Growth
• Positive Sentiment: Content-quality controls could benefit the platform. Spotify reportedly removed approximately 50 million AI-generated spam or “slop” tracks from recommendations, a move that could improve the listener experience and protect engagement, creator trust and the company’s brand. Spotify Has Taken 50 Million AI Slop, Spam Tracks Out of Recommendations
• Neutral Sentiment: Analyst earnings estimates were modestly raised. Erste Group lifted its fiscal-year 2026 EPS forecast slightly to $13.73 from $13.71, although that remains below the broader consensus estimate of $13.79. Spotify Technology analyst estimate update
• Negative Sentiment: Phillip Securities downgraded the stock. The firm moved Spotify from “strong-buy” to “moderate buy,” which may limit upside sentiment and contributed to recent selling pressure despite the company’s longer-term growth narrative. Phillip Securities Spotify rating
• Negative Sentiment: Profitability remains a near-term concern. Spotify’s reported quarterly EPS missed consensus, highlighting execution risk and the possibility that elevated expectations are not fully supported by current earnings performance.

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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