US Bancorp DE Sells 5,800 Shares of Spotify Technology $SPOT

Key Points

• US Bancorp DE cut its stake in Spotify by 12.3%, selling 5,800 shares and now holds 41,382 shares worth about $24.03 million per its latest SEC filing.
• Two senior executives made large insider sales—Alex Norström sold 5,436 shares (~$2.6M) and Gustav Söderström sold 20,833 shares (~$9.9M), with Söderström reducing his holding by roughly 50%; insiders now own about 0.40% of the stock.
• Spotify beat Q1 estimates (EPS $4.04 vs. $3.41; revenue $5.25B vs. $5.23B) but the stock slipped and analysts trimmed targets amid mixed sentiment; consensus target is about $645.77 with an average rating of "Moderate Buy."

US Bancorp DE reduced its stake in Spotify Technology (NYSE:SPOT - Free Report) by 12.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,382 shares of the company's stock after selling 5,800 shares during the period. US Bancorp DE's holdings in Spotify Technology were worth $24,031,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quadcap Wealth Management LLC increased its position in shares of Spotify Technology by 5.7% during the third quarter. Quadcap Wealth Management LLC now owns 295 shares of the company's stock worth $206,000 after acquiring an additional 16 shares in the last quarter. Sage Mountain Advisors LLC increased its position in shares of Spotify Technology by 6.3% during the third quarter. Sage Mountain Advisors LLC now owns 289 shares of the company's stock worth $201,000 after acquiring an additional 17 shares in the last quarter. Sagespring Wealth Partners LLC increased its position in shares of Spotify Technology by 2.9% during the fourth quarter. Sagespring Wealth Partners LLC now owns 636 shares of the company's stock worth $370,000 after acquiring an additional 18 shares in the last quarter. Granite Group Advisors LLC increased its position in shares of Spotify Technology by 2.6% during the third quarter. Granite Group Advisors LLC now owns 756 shares of the company's stock worth $528,000 after acquiring an additional 19 shares in the last quarter. Finally, Ameritas Advisory Services LLC increased its position in shares of Spotify Technology by 7.9% during the third quarter. Ameritas Advisory Services LLC now owns 260 shares of the company's stock worth $181,000 after acquiring an additional 19 shares in the last quarter. 84.09% of the stock is owned by institutional investors.

Spotify Technology Stock Down 1.1%

SPOT opened at $441.84 on Friday. The stock has a market cap of $90.97 billion, a price-to-earnings ratio of 35.21, a PEG ratio of 1.09 and a beta of 1.56. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $785.00. The company's 50-day moving average price is $499.80 and its two-hundred day moving average price is $547.02.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported $4.04 earnings per share for the quarter, beating analysts' consensus estimates of $3.41 by $0.63. The firm had revenue of $5.25 billion for the quarter, compared to analysts' expectations of $5.23 billion. Spotify Technology had a net margin of 15.56% and a return on equity of 35.73%. The company's quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.07 earnings per share. As a group, sell-side analysts anticipate that Spotify Technology will post 14.64 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Barclays decreased their target price on shares of Spotify Technology from $600.00 to $500.00 and set an "overweight" rating for the company in a research report on Wednesday. Moffett Nathanson assumed coverage on shares of Spotify Technology in a research report on Tuesday, January 27th. They set a "neutral" rating and a $487.00 target price for the company. JPMorgan Chase & Co. decreased their target price on shares of Spotify Technology from $700.00 to $600.00 and set an "overweight" rating for the company in a research report on Wednesday. Daiwa Securities Group assumed coverage on shares of Spotify Technology in a research report on Thursday, March 26th. They set an "outperform" rating and a $535.00 target price for the company. Finally, 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 report on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Spotify Technology currently has an average rating of "Moderate Buy" and a consensus target price of $645.77.

Insider Transactions at Spotify Technology

In other Spotify Technology news, CEO Alex Norstrom sold 5,436 shares of the business's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $479.51, for a total value of $2,606,616.36. Following the transaction, the chief executive officer directly owned 69,989 shares in the company, valued at $33,560,425.39. The trade was a 7.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gustav Soderstrom sold 20,833 shares of the business's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $473.52, for a total transaction of $9,864,842.16. Following the completion of the transaction, the chief executive officer owned 20,609 shares in the company, valued at approximately $9,758,773.68. The trade was a 50.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.40% of the stock is owned by insiders.

Key Stories Impacting Spotify Technology

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

• Positive Sentiment: Product actions to protect listener trust — Spotify is rolling out a “Verified”/“Verified by Spotify” artist badge and other features to clamp down on AI-generated impostor artists, which could preserve user trust and ad/retention metrics. Spotify introduces verified artist badges to help distinguish humans from AI
• Positive Sentiment: Monetization lift from pricing — Spotify said it will raise monthly Premium prices by €1–€3 in some markets, a near-term revenue tailwind that can help offset slower user-growth trends. Spotify to hike all monthly premium plans by €1 to €3
• Positive Sentiment: Stake sale / buyback support — Universal Music’s move to sell half its Spotify stake and ramp buybacks could tighten float or lead to buyback activity that supports the share price. Universal Music to sell half of Spotify stake, boosts buybacks
• Positive Sentiment: Some analysts still bullish — Canaccord and a few other firms maintained high price targets (e.g., $720), signaling continued conviction in Spotify’s long-term story despite near-term headwinds. Spotify Technology NYSE: SPOT Given New $720.00 Price Target at Canaccord Genuity Group
• Neutral Sentiment: Trimmed-but-positive ratings — UBS cut its price target (from $760 to $735) but kept a Buy view, reflecting reduced upside expectations while still supporting a constructive medium-term thesis. UBS trims Spotify price target
• Neutral Sentiment: Valuation/entry debate — Several market pieces are assessing whether the recent pullback creates a buying opportunity or simply prices in slower growth; this keeps investor sentiment mixed until guidance clarity. Is Spotify (SPOT) Offering A Chance After The Recent 13% Share Price Slide?
• Negative Sentiment: Broad analyst downgrades and target cuts — Multiple firms (JPMorgan, Goldman Sachs, Wells Fargo, Barclays, Pivotal Research, Guggenheim and others) lowered expectations or price targets after the quarter, increasing selling pressure. Spotify Technology NYSE: SPOT Price Target Cut to $600.00 by Analysts at JPMorgan Chase & Co.
• Negative Sentiment: Earnings pain points: growth and ad revenue — Investors reacted to Q1 results where premium-subscriber growth slowed and ad-revenue trends disappointed, triggering the recent sizable weekly selloff. Why Spotify Stock Plummeted This Week

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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