1,204 Shares of Spotify Technology $SPOT Bought by Sax Wealth Advisors LLC

by · The Cerbat Gem

Sax Wealth Advisors LLC acquired a new stake in Spotify Technology (NYSE:SPOT – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,204 shares of the company’s stock, valued at approximately $587,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Montanova Capital LLC increased its stake in shares of Spotify Technology by 9,154.5% during the 2nd quarter. Montanova Capital LLC now owns 101,800 shares of the company’s stock worth $46,739,000 after purchasing an additional 100,700 shares during the last quarter. Plato Investment Management Ltd bought a new stake in shares of Spotify Technology in the 2nd quarter valued at about $1,363,000. HS Management Partners LLC acquired a new stake in Spotify Technology in the 2nd quarter valued at about $13,404,000. Ally Financial Inc. lifted its stake in Spotify Technology by 100.0% in the 2nd quarter. Ally Financial Inc. now owns 7,000 shares of the company’s stock valued at $3,214,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in Spotify Technology in the 2nd quarter valued at about $100,867,000. Institutional investors and hedge funds own 84.09% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. UBS Group reduced their price target on Spotify Technology from $690.00 to $675.00 and set a “buy” rating for the company in a report on Monday, October 5th. KeyCorp dropped their price objective on Spotify Technology from $680.00 to $660.00 and set an “overweight” rating on the stock in a research note on Thursday, October 1st. Cantor Fitzgerald cut their price objective on Spotify Technology from $530.00 to $490.00 and set a “neutral” rating for the company in a research report on Monday. Wells Fargo & Company cut their price objective on Spotify Technology from $600.00 to $570.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Finally, Weiss Ratings upgraded Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $610.25.

Check Out Our Latest Report on SPOT

Key Stories Impacting Spotify Technology

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

  • Positive Sentiment: Spotify outperformed the broader market in the latest session, suggesting investors may be focusing on its improving profitability and long-term growth prospects ahead of its upcoming earnings report. Why Spotify outpaced the stock market
  • Positive Sentiment: Baillie Gifford highlighted Spotify’s potential to benefit from artificial-intelligence-driven personalization and deeper listener insights, which could support engagement, targeting and monetization over time. Spotify AI personalization opportunity
  • Positive Sentiment: Expanded Siri functionality in Apple’s iOS 27 makes Spotify easier to control by voice, potentially improving discovery and usage among iPhone customers. Spotify Siri integration
  • Neutral Sentiment: StoneX downgraded SPOT to Hold from Buy, citing limited near-term catalysts for revenue per user and higher payments to record labels. The call adds pressure to a stock trading at a premium earnings multiple. StoneX Spotify downgrade
  • Neutral Sentiment: Spotify is expected to report earnings soon, but analysts anticipate a decline in earnings and see limited evidence of a likely consensus beat. Investors will focus on margins, subscriber trends and management’s outlook. Spotify earnings expectations
  • Negative Sentiment: Reports that lossless audio is disrupting the Spotify desktop application could hurt customer satisfaction and complicate the rollout of a higher-quality service. Spotify lossless audio issues
  • Negative Sentiment: CEO Gustav Söderström sold approximately $11.1 million of shares, reducing his direct holdings by more than half. The filing says the sale covered tax withholding on vested equity awards, which limits—but does not eliminate—the negative signaling effect. Spotify CEO SEC filing

Spotify Technology Price Performance

NYSE:SPOT opened at $532.69 on Friday. The company has a market cap of $109.67 billion, a P/E ratio of 33.17, a P/E/G ratio of 1.61 and a beta of 1.61. The firm’s fifty day moving average price is $521.34 and its two-hundred day moving average price is $495.34. Spotify Technology has a one year low of $405.00 and a one year high of $696.95.

Spotify Technology (NYSE:SPOT – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $3.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.13). The company had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.47 billion. Spotify Technology had a return on equity of 41.39% and a net margin of 18.44%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.42) EPS. As a group, equities research analysts expect that Spotify Technology will post 13.77 earnings per share for the current year.

Insider Activity

In other Spotify Technology news, CEO Alex Norström sold 5,436 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $502.10, for a total transaction of $2,729,415.60. Following the completion of the sale, the chief executive officer directly owned 66,773 shares in the company, valued at $33,526,723.30. This trade represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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, CEO Gustav Söderström sold 20,913 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $544.19, for a total value of $11,380,645.47. Following the sale, the chief executive officer owned 20,025 shares of the company’s stock, valued at approximately $10,897,404.75. This represents a 51.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 68,092 shares of company stock worth $35,762,410. Insiders own 0.40% of the company’s stock.

Spotify Technology Profile

(Free Report)

Spotify Technology SA is a global audio streaming company that operates the Spotify platform. The service provides users with access to a broad catalog of music, podcasts and audiobooks, along with personalized recommendations, playlists and other discovery features.

Spotify offers a subscription-based Premium service with enhanced listening features, as well as an ad-supported service available at no direct cost to users. The company generates revenue primarily through Premium subscriptions and advertising, including audio, video and display advertising delivered across its platform.

Founded in 2006 by Daniel Ek and Martin Lorentzon, Spotify is headquartered in Stockholm, Sweden, and serves listeners, creators, advertisers and other partners across markets worldwide.

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