Lone Pine Capital 13F: Adds $23M to SPOT Stake

Lone Pine Capital significantly boosted its stake in Spotify Technology S.A. (NYSE:SPOT) as per its latest 13F filing with the SEC. The firm added 51,082 shares, increasing its holdings by 287.6% to a total of 68,844 shares. This position was valued at approximately $33.18 million at the time of the filing.

What Changed in Lone Pine Capital's Spotify Position

Lone Pine Capital's latest move saw its stake in Spotify grow from 17,762 shares to 68,844 shares, marking an increase of 51,082 shares. This represents a substantial 287.6% increase in its holdings, reflecting a strong confidence in the company's future. The total value of the position reached $33.18 million.

Other Institutional Activity in Spotify

In addition to Lone Pine Capital's activity, other institutional investors made notable moves in Spotify. BlackRock, Inc. reduced its holdings by 222,507 shares, resulting in a total of 11,377,853 shares worth about $5.52 billion. Morgan Stanley, on the other hand, increased its stake by 1,779,548 shares, bringing its total to 8,380,266 shares valued at $4.06 billion. Baillie Gifford & Co trimmed its position by 112,901 shares, leaving it with 8,218,203 shares valued at $3.99 billion. Meanwhile, State Street Corp and Price T Rowe Associates Inc /MD/ increased their holdings by 16,804 and 734,367 shares, respectively.

Spotify Technology S.A. Stock Down 12.4%

Shares of Spotify Technology S.A. (NYSE:SPOT) are trading near $482. The company has a market capitalization of $99.11 billion and a P/E ratio of 32.46. Spotify's stock has seen a 52-week low of $405 and a high of $785. Its 50-day moving average is $480.40, while the 200-day moving average stands at $560.53. The company maintains a current ratio of 2.06, a quick ratio of 1.51, and a debt-to-equity ratio of 5.94.

Recent Earnings

Spotify reported revenue of $17.53 billion with a revenue growth of 8.2%. The company's net margin was 15.45%, and its return on equity was 37.99%. The next earnings report is scheduled for July 28, 2026.

Insider Buying and Selling at Spotify Technology S.A.

Recent insider activity at Spotify included transactions by Co-Chief Executive Officers Gustav Soderstrom and Alex Norström. On June 2, 2026, Soderstrom sold 20,833 shares, while Norström sold 5,436 shares. Additionally, Soderstrom bought 20,833 shares at an average price of $151.25.

Analysts Set New Price Targets

On May 22, 2026, JP Morgan maintained its 'buy' rating on Spotify with a price target of $650. Similarly, Wells Fargo and Citizens both maintained 'buy' ratings with price targets of $600 and $625, respectively. Overall, the consensus among analysts is a 'buy' with a mean price target of $607.24 based on 39 opinions.

About Spotify Technology S.A.

Spotify Technology S.A. is a leading provider of audio streaming subscription services globally. Headquartered in Stockholm, Sweden, and led by CEO Alex Norström, the company operates in the Communication Services sector. Spotify offers a vast catalog of music and podcasts through its Premium and Ad-Supported segments. It employs approximately 7,258 people worldwide.

Bottom Line

Lone Pine Capital's substantial increase in its Spotify holdings underscores its confidence in the company's growth potential. Investors closely watch such filings for insights into institutional sentiment. However, it's important to remember that 13F filings are historical and may not reflect current positions. Spotify's strong market presence and positive analyst outlook make it a stock to watch.