Maverick Capital Ltd. Purchases New Stake in Spotify Technology $SPOT

Posted by George Bondi on Jul 29th, 2026

Maverick Capital Ltd. purchased a new stake in shares of Spotify Technology (NYSE:SPOT – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,431 shares of the company’s stock, valued at approximately $694,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sivia Capital Partners LLC bought a new stake in shares of Spotify Technology during the 2nd quarter worth about $312,000. Jump Financial LLC raised its holdings in Spotify Technology by 5.2% in the 2nd quarter. Jump Financial LLC now owns 1,132 shares of the company’s stock valued at $869,000 after acquiring an additional 56 shares during the period. Cary Street Partners Financial LLC bought a new position in Spotify Technology in the 2nd quarter valued at about $178,000. NewEdge Advisors LLC lifted its position in Spotify Technology by 36.9% during the second quarter. NewEdge Advisors LLC now owns 12,650 shares of the company’s stock worth $9,707,000 after acquiring an additional 3,412 shares during the last quarter. Finally, Glenview Trust co bought a new stake in shares of Spotify Technology during the second quarter worth approximately $298,000. 84.09% of the stock is owned by institutional investors.

Key Headlines Impacting Spotify Technology

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

Positive Sentiment: Spotify’s integration with Snapchat will enable real-time music sharing, potentially increasing song discovery, engagement and traffic to the Spotify platform. Snapchat introduces real-time music sharing through Spotify integration
Positive Sentiment: A Q2 preview from Seeking Alpha projects strong user growth and argues that Spotify shares are attractive after falling toward the lower end of their 52-week range. The view is supported by Spotify’s solid Q1 performance, including earnings that exceeded expectations, although Q2 guidance was weaker than anticipated. Spotify Q2 Preview: Expecting Strong User Growth, Shares Attractive
Positive Sentiment: KeyCorp maintained its Overweight rating and $680 price target, implying substantial potential upside from recent trading levels despite trimming its forecasts.
Neutral Sentiment: Spotify’s Q2 earnings release is approaching, with consensus expectations calling for approximately $3.78 to $3.41 per share depending on the estimate set. Investors are likely focused on subscriber additions, advertising trends, margins and management’s outlook. Analysts note that Spotify lacks the typical combination of positive earnings revisions and a strong earnings-surprise trend that would signal a likely beat. Spotify Earnings Expected to Grow: Should You Buy?
Negative Sentiment: KeyCorp lowered its EPS estimates for Q2 2026 to $3.78, Q3 to $4.03, Q4 to $4.92, FY2026 to $16.64 and FY2027 to $21.61. The cuts suggest more cautious expectations for Spotify’s near-term earnings momentum, even though the firm retained its bullish rating and target price.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Guggenheim decreased their target price on Spotify Technology from $600.00 to $565.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Rosenblatt Securities reduced their price target on Spotify Technology from $534.00 to $531.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. KeyCorp decreased their price objective on Spotify Technology from $745.00 to $680.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Wall Street Zen cut Spotify Technology from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, The Goldman Sachs Group dropped their target price on Spotify Technology from $670.00 to $600.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $630.70.

Read Our Latest Stock Report on SPOT

Spotify Technology Stock Performance

NYSE:SPOT opened at $512.11 on Wednesday. The company has a market cap of $105.43 billion, a price-to-earnings ratio of 40.81, a PEG ratio of 1.23 and a beta of 1.56. Spotify Technology has a fifty-two week low of $405.00 and a fifty-two week high of $748.30. The stock has a fifty day moving average price of $484.06 and a 200-day moving average price of $486.68.

Spotify Technology (NYSE:SPOT – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $4.04 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.63. The company had revenue of $5.25 billion for 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%.Spotify Technology’s revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business earned $1.07 earnings per share. Research analysts predict that Spotify Technology will post 14.46 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Christopher P. Marshall sold 2,650 shares of Spotify Technology stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $519.86, for a total value of $1,377,629.00. Following the transaction, the director directly owned 4,039 shares of the company’s stock, valued at $2,099,714.54. This trade represents a 39.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Alex Norstrom sold 5,436 shares of the business’s 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 of the company’s stock, valued at approximately $32,497,480.52. This represents a 7.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 111,442 shares of company stock valued at $54,757,553 over the last three months. 0.40% of the stock is owned by corporate insiders.

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.