Police & Firemen s Retirement System of New Jersey Has $37.49 Million Stock Holdings in Spotify Technology $SPOT

Police & Firemen s Retirement System of New Jersey increased its position in shares of Spotify Technology (NYSE:SPOT) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,857 shares of the company’s stock after acquiring an additional 616 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Spotify Technology were worth $37,490,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in Spotify Technology by 1,151.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,740,803 shares of the company’s stock valued at $957,494,000 after acquiring an additional 1,601,653 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Spotify Technology by 42.3% during the 1st quarter. Jennison Associates LLC now owns 4,247,940 shares of the company’s stock worth $2,336,494,000 after purchasing an additional 1,262,614 shares during the last quarter. Nuveen LLC bought a new position in shares of Spotify Technology during the 1st quarter valued at $383,139,000. Axiom Investors LLC DE lifted its stake in shares of Spotify Technology by 216.8% in the 1st quarter. Axiom Investors LLC DE now owns 719,682 shares of the company’s stock valued at $395,847,000 after purchasing an additional 492,504 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of Spotify Technology by 215.3% in the 2nd quarter. Bessemer Group Inc. now owns 505,329 shares of the company’s stock valued at $387,758,000 after purchasing an additional 345,048 shares during the last quarter. 84.09% of the stock is owned by institutional investors and hedge funds.

Spotify Technology Trading Up 1.2%

SPOT opened at $647.14 on Thursday. The business has a 50 day moving average of $681.87 and a 200-day moving average of $683.58. The stock has a market capitalization of $133.24 billion, a price-to-earnings ratio of 101.75, a P/E/G ratio of 2.11 and a beta of 1.67. Spotify Technology has a 1-year low of $443.21 and a 1-year high of $785.00.

Spotify Technology (NYSE:SPOT) last released its earnings results on Tuesday, November 4th. The company reported $3.83 EPS for the quarter, beating the consensus estimate of $1.87 by $1.96. Spotify Technology had a net margin of 8.46% and a return on equity of 21.68%. The firm had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.23 billion. During the same period in the prior year, the company earned $1.45 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Spotify Technology has set its Q4 2025 guidance at EPS. Equities analysts predict that Spotify Technology will post 10.3 EPS for the current year.

Analyst Ratings Changes

SPOT has been the topic of several analyst reports. Guggenheim lowered their target price on shares of Spotify Technology from $850.00 to $800.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. JPMorgan Chase & Co. upped their price target on Spotify Technology from $740.00 to $805.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. BNP Paribas upgraded Spotify Technology to a “strong-buy” rating in a report on Tuesday, September 16th. Barclays decreased their target price on Spotify Technology from $750.00 to $700.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Finally, Oppenheimer lifted their price target on shares of Spotify Technology from $750.00 to $825.00 and gave the company an “outperform” rating in a research report on Monday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Spotify Technology presently has an average rating of “Moderate Buy” and a consensus target price of $758.86.

Spotify Technology Company Profile

Spotify Technology SA, together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers.