Citigroup Inc. Purchases 33,516 Shares of Spotify Technology $SPOT

NodeGuardian · 2026-03-04T22:43:20+00:00

Citigroup increased its Spotify stake by 11.3%, acquiring 33,516 shares, totaling 330,402 shares worth around $230.6 million. Spotify surpassed earnings expectations, leading analysts to maintain a "Moderate Buy" rating with a target of $706.42.

NodeGuardian

2026-03-04 22:43:20

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Citigroup Inc. increased its stake in Spotify Technology by 11.3% in the third quarter, acquiring an additional 33,516 shares, bringing their total to 330,402 shares valued at approximately $230.6 million. Spotify recently exceeded earnings expectations with $5.16 EPS against an anticipated $3.16 and revenue of $5.32 billion, surpassing the $5.14 billion estimate. Analysts currently maintain a “Moderate Buy” rating for Spotify, with an average price target of $706.42.

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