Sequoia Financial Advisors LLC Has $2.50 Million Stock Holdings in Spotify Technology $SPOT

Posted by Brian Himes on Jul 15th, 2026

Sequoia Financial Advisors LLC increased its position in Spotify Technology (NYSE:SPOT – Free Report) by 35.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,157 shares of the company’s stock after purchasing an additional 1,358 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Spotify Technology were worth $2,501,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Quadcap Wealth Management LLC raised its stake in Spotify Technology by 5.7% in the third quarter. Quadcap Wealth Management LLC now owns 295 shares of the company’s stock valued at $206,000 after buying an additional 16 shares during the period. Sagespring Wealth Partners LLC boosted its stake in shares of Spotify Technology by 2.9% during the 4th quarter. Sagespring Wealth Partners LLC now owns 636 shares of the company’s stock worth $370,000 after acquiring an additional 18 shares during the period. Objectivity Squared LLC increased its holdings in shares of Spotify Technology by 0.8% during the 4th quarter. Objectivity Squared LLC now owns 2,582 shares of the company’s stock worth $1,499,000 after acquiring an additional 20 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Spotify Technology by 1.4% during the 4th quarter. GAMMA Investing LLC now owns 1,667 shares of the company’s stock worth $968,000 after acquiring an additional 23 shares during the last quarter. Finally, Greenleaf Trust raised its stake in Spotify Technology by 5.8% in the 4th quarter. Greenleaf Trust now owns 455 shares of the company’s stock valued at $264,000 after acquiring an additional 25 shares during the period. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on SPOT. The Goldman Sachs Group cut their price target on Spotify Technology from $670.00 to $600.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Morgan Stanley upped their price objective on shares of Spotify Technology from $590.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Wells Fargo & Company dropped their price objective on shares of Spotify Technology from $600.00 to $570.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Guggenheim cut their target price on shares of Spotify Technology from $600.00 to $565.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, Barclays lifted their target price on shares of Spotify Technology from $500.00 to $565.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $638.58.

View Our Latest Research Report on SPOT

Spotify Technology Stock Performance

SPOT opened at $480.56 on Wednesday. Spotify Technology has a fifty-two week low of $405.00 and a fifty-two week high of $748.30. The company has a market capitalization of $98.94 billion, a P/E ratio of 38.29, a P/E/G ratio of 1.18 and a beta of 1.56. The stock has a fifty day moving average of $473.01 and a 200-day moving average of $493.29.

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

Key Spotify Technology News

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

Positive Sentiment: Spotify launched a conversational AI assistant for Premium users, allowing listeners to request music and get personalized help inside the app, a potential engagement and retention boost. Spotify expands its AI push with a ChatGPT-like music assistant
Positive Sentiment: Multiple outlets highlighted the new AI experience as a major upgrade to Spotify’s app, reinforcing the company’s push to use artificial intelligence to improve discovery and user satisfaction. Spotify’s new conversational AI can play tracks you request and answer your music questions
Positive Sentiment: Spotify’s new controls for Release Radar may help users find new music more easily, supporting better discovery and longer time spent in the app. Spotify just gave Release Radar new controls so you can find new music your way

Insider Transactions at Spotify Technology

In other Spotify Technology news, CEO Alex Norstrom sold 5,436 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $480.86, for a total transaction of $2,613,954.96. Following the transaction, the chief executive officer owned 67,582 shares in the company, valued at $32,497,480.52. This represents a 7.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sven Hans Martin Lorentzon sold 35,380 shares of Spotify Technology 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 approximately $3,355,734.59. The trade was a 84.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 111,442 shares of company stock worth $54,757,553. Company insiders own 0.40% of the company’s stock.

Spotify Technology 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.