Bornite Capital Management LP lowered its holdings in shares of Spotify Technology (NYSE:SPOT – Free Report) by 20.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,000 shares of the company’s stock after selling 5,000 shares during the period. Spotify Technology makes up 1.1% of Bornite Capital Management LP’s holdings, making the stock its 23rd largest position. Bornite Capital Management LP’s holdings in Spotify Technology were worth $11,614,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp bought a new stake in Spotify Technology during the 3rd quarter valued at $26,000. JPL Wealth Management LLC bought a new stake in Spotify Technology during the 3rd quarter valued at $35,000. Newbridge Financial Services Group Inc. bought a new stake in Spotify Technology during the 4th quarter valued at $35,000. Wilmington Savings Fund Society FSB raised its stake in Spotify Technology by 85.7% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 65 shares of the company’s stock valued at $38,000 after acquiring an additional 30 shares in the last quarter. Finally, Kozak & Associates Inc. raised its stake in Spotify Technology by 1,700.0% during the 4th quarter. Kozak & Associates Inc. now owns 72 shares of the company’s stock valued at $39,000 after acquiring an additional 68 shares in the last quarter. Institutional investors own 84.09% of the company’s stock.
Key Stories Impacting Spotify Technology
Here are the key news stories impacting Spotify Technology this week:
- Positive Sentiment: Spotify’s Investor Day emphasized long-term growth targets focused on increasing subscriber conversion and strengthening its broader brand and AI-driven strategy, which investors viewed favorably. Spotify’s “North Star” Outlook Was Music to Investors Ears
- Positive Sentiment: Spotify also brought in a new head of PR and communications, signaling a stronger focus on reputation management and clearer messaging as it expands its content and AI initiatives. Will Spotify (SPOT) Elevate Its Brand Narrative As AI Strategy Deepens Under New PR Leadership?
- Neutral Sentiment: Spotify reversed its iPhone app icon change after user backlash, a small brand-related issue that is unlikely to materially affect fundamentals. Spotify reverts iPhone app icon to original after disco-ball backlash
- Negative Sentiment: Several analysts trimmed earnings estimates slightly, including Erste Group Bank lowering FY2026 and FY2027 EPS forecasts, which adds a modest headwind to sentiment. Spotify Technology (SPOT) analyst estimate updates
- Negative Sentiment: Recent trading has also reflected broader weakness, with SPOT sliding in the latest sessions even as the market rose, suggesting investors are still cautious after a strong run. Spotify (SPOT) Stock Slides as Market Rises: Facts to Know Before You Trade
Analysts Set New Price Targets
Read Our Latest Research Report on SPOT
Spotify Technology Stock Performance
SPOT opened at $480.77 on Friday. Spotify Technology has a one year low of $405.00 and a one year high of $785.00. The stock’s fifty day moving average is $482.76 and its 200-day moving average is $510.88. The company has a market capitalization of $98.98 billion, a PE ratio of 38.31, a P/E/G ratio of 1.18 and a beta of 1.56.
Spotify Technology (NYSE:SPOT – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $4.04 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.63. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.The company had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the previous year, the business earned $1.07 EPS. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts forecast that Spotify Technology will post 14.71 EPS for the current fiscal year.
Insider Buying and Selling
In other news, Director Sven Hans Martin Lorentzon sold 35,380 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $525.73, for a total value of $18,600,327.40. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Alex Norstrom sold 5,436 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $479.51, for a total value of $2,606,616.36. Following the completion of the sale, the chief executive officer directly owned 69,989 shares in the company, valued at $33,560,425.39. This represents a 7.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 111,442 shares of company stock worth $54,647,508. 0.40% of the stock is owned by corporate insiders.
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.
Read More
- Five stocks we like better than Spotify Technology
- Time to Sell? 3 Winners With Fading Technical Momentum
- Why These 2 Hotel Stocks Are Beating Travel Peers
- This Energy Stock Has Quietly Soared 130% in a Year
- 3 ‘Boring’ Dividend Stocks With Tasty Technical Setups
Want to see what other hedge funds are holding SPOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spotify Technology (NYSE:SPOT – Free Report).
Receive News & Ratings for Spotify Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spotify Technology and related companies with MarketBeat.com's FREE daily email newsletter.
