State of New Jersey Common Pension Fund D Has $53.93 Million Stock Position in Spotify Technology $SPOT

State of New Jersey Common Pension Fund D reduced its position in shares of Spotify Technology (NYSE:SPOT) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,286 shares of the company’s stock after selling 700 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Spotify Technology were worth $53,933,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. CNB Bank raised its position in Spotify Technology by 30.7% during the second quarter. CNB Bank now owns 723 shares of the company’s stock valued at $555,000 after purchasing an additional 170 shares in the last quarter. Sage Mountain Advisors LLC acquired a new position in Spotify Technology during the second quarter valued at approximately $209,000. Moloney Securities Asset Management LLC acquired a new position in shares of Spotify Technology during the second quarter worth $347,000. GLOBALT Investments LLC GA increased its holdings in shares of Spotify Technology by 1.6% during the second quarter. GLOBALT Investments LLC GA now owns 2,059 shares of the company’s stock worth $1,580,000 after buying an additional 33 shares in the last quarter. Finally, AlTi Global Inc. increased its holdings in shares of Spotify Technology by 13.2% during the second quarter. AlTi Global Inc. now owns 2,033 shares of the company’s stock worth $1,560,000 after buying an additional 237 shares in the last quarter. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Spotify Technology Stock Down 4.3%

NYSE SPOT opened at $645.22 on Friday. The company has a market capitalization of $132.08 billion, a price-to-earnings ratio of 156.61, a PEG ratio of 3.21 and a beta of 1.67. The stock has a fifty day simple moving average of $696.53 and a 200 day simple moving average of $675.70. Spotify Technology has a twelve month low of $376.00 and a twelve month high of $785.00.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings results on Tuesday, July 29th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($2.42). The firm had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The business’s revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company posted $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. Research analysts expect that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SPOT. Guggenheim reiterated a “buy” rating and set a $850.00 price target on shares of Spotify Technology in a report on Wednesday, September 3rd. Argus began coverage on shares of Spotify Technology in a report on Monday, September 29th. They set a “buy” rating and a $845.00 price target for the company. Wells Fargo & Company upped their price target on shares of Spotify Technology from $740.00 to $750.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. upped their price target on shares of Spotify Technology from $740.00 to $805.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. Finally, The Goldman Sachs Group downgraded shares of Spotify Technology from a “buy” rating to a “neutral” rating and upped their price target for the stock from $765.00 to $770.00 in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $731.16.

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.