HS Management Partners LLC Takes Position in Spotify Technology $SPOT

Posted by Brian Himes on Jul 4th, 2026

HS Management Partners LLC purchased a new position in shares of Spotify Technology (NYSE:SPOT – Free Report) during the first quarter, HoldingsChannel reports. The firm purchased 13,319 shares of the company’s stock, valued at approximately $6,459,000. Spotify Technology accounts for 2.3% of HS Management Partners LLC’s portfolio, making the stock its 22nd biggest position.

Other institutional investors also recently modified their holdings of the company. KERR FINANCIAL PLANNING Corp bought a new position in Spotify Technology during the 3rd quarter worth $26,000. Kemnay Advisory Services Inc. bought a new stake in shares of Spotify Technology in the 4th quarter valued at about $32,000. Portus Wealth Advisors LLC acquired a new stake in shares of Spotify Technology in the first quarter valued at about $32,000. JPL Wealth Management LLC acquired a new stake in shares of Spotify Technology in the third quarter valued at about $35,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Spotify Technology during the fourth quarter worth about $35,000. Institutional investors own 84.09% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. UBS Group cut their price objective on Spotify Technology from $760.00 to $735.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Canaccord Genuity Group decreased their target price on shares of Spotify Technology from $750.00 to $720.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. KeyCorp lowered their price target on shares of Spotify Technology from $745.00 to $680.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Benchmark dropped their price target on shares of Spotify Technology from $760.00 to $695.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Finally, Citizens Jmp upped their price objective on shares of Spotify Technology from $600.00 to $625.00 and gave the company a “market outperform” rating in a research note on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $641.83.

Get Our Latest Research Report on SPOT

Spotify Technology Price Performance

Shares of NYSE:SPOT opened at $485.14 on Friday. Spotify Technology has a 1 year low of $405.00 and a 1 year high of $748.30. The business’s 50-day moving average is $470.66 and its 200-day moving average is $498.40. The company has a market capitalization of $99.88 billion, a price-to-earnings ratio of 38.66, a P/E/G ratio of 1.19 and a beta of 1.56.

Spotify Technology (NYSE:SPOT – Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported $4.04 EPS for the quarter, topping the consensus estimate of $3.41 by $0.63. The business had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.The firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 earnings per share. Analysts anticipate that Spotify Technology will post 14.62 EPS for the current year.

Insider Activity at Spotify Technology

In other news, Director Sven Hans Martin Lorentzon sold 35,380 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $525.73, for a total transaction of $18,600,327.40. Following the completion of the sale, the director owned 6,383 shares of the company’s stock, valued at $3,355,734.59. This trade represents a 84.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gustav Soderstrom sold 20,833 shares of Spotify Technology stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $496.52, for a total transaction of $10,344,001.16. Following the completion of the sale, the chief executive officer owned 20,376 shares of the company’s stock, valued at $10,117,091.52. This represents a 50.55% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 85,173 shares of company stock worth $42,176,049. Corporate insiders own 0.40% of the company’s stock.

Spotify Technology Company Profile

(Free Report)

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.