State of New Jersey Common Pension Fund D Grows Position in Spotify Technology $SPOT

State of New Jersey Common Pension Fund D raised its position in Spotify Technology (NYSE:SPOT) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,406 shares of the company’s stock after purchasing an additional 1,520 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Spotify Technology were worth $41,466,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Sivia Capital Partners LLC purchased a new stake in shares of Spotify Technology in the second quarter worth approximately $312,000. Jump Financial LLC increased its stake in Spotify Technology by 5.2% in the second quarter. Jump Financial LLC now owns 1,132 shares of the company’s stock worth $869,000 after purchasing an additional 56 shares during the period. Cary Street Partners Financial LLC bought a new stake in shares of Spotify Technology during the second quarter worth $178,000. NewEdge Advisors LLC boosted its stake in shares of Spotify Technology by 36.9% during the second quarter. NewEdge Advisors LLC now owns 12,650 shares of the company’s stock valued at $9,707,000 after purchasing an additional 3,412 shares during the period. Finally, Glenview Trust co bought a new position in shares of Spotify Technology in the second quarter worth about $298,000. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Spotify Technology Stock Performance

Shares of SPOT opened at $444.78 on Thursday. The company has a 50 day moving average price of $500.58 and a 200-day moving average price of $547.72. Spotify Technology has a fifty-two week low of $405.00 and a fifty-two week high of $785.00. The stock has a market capitalization of $91.57 billion, a PE ratio of 46.26, a PEG ratio of 1.08 and a beta of 1.70.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $2.00. The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.14 billion. Spotify Technology had a net margin of 13.16% and a return on equity of 31.35%. Spotify Technology’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company posted $1.88 earnings per share. Equities research analysts forecast that Spotify Technology will post 15.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. KeyCorp reduced their price target on shares of Spotify Technology from $745.00 to $680.00 and set an “overweight” rating on the stock in a research note on Wednesday. The Goldman Sachs Group reduced their target price on shares of Spotify Technology from $670.00 to $600.00 and set a “buy” rating on the stock in a research report on Wednesday. Cantor Fitzgerald dropped their price objective on Spotify Technology from $525.00 to $430.00 and set a “neutral” rating on the stock in a research note on Wednesday. Pivotal Research reduced their price objective on Spotify Technology from $420.00 to $400.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, UBS Group lowered their target price on Spotify Technology from $850.00 to $800.00 and set a “buy” rating for the company in a report on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $647.68.

Spotify Technology News Roundup

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

• Positive Sentiment: Spotify rolls out a “Verified by Spotify” badge to help listeners distinguish human artists from AI-generated music — a product move that addresses a growing consumer/brand risk from AI content and could protect user trust and engagement. Spotify introduces verified artist badges to help distinguish humans from AI
• Positive Sentiment: Some analysts and models still point to upside and adjusted estimates: Erste Group raised FY2026/27 EPS forecasts, and several firms kept “buy”/”overweight” ratings even after lowering targets — supporting the case for longer‑term upside despite near‑term volatility. MarketBeat SPOT profile / analyst notes
• Neutral Sentiment: Rosenblatt and a few other shops issued contrarian/maintained buy ratings while many peers trimmed targets — this leaves the name polarised: conviction remains among some value‑oriented funds even as consensus valuation expectations fall. Wall Street Slashes Spotify Price Targets After Q1 Miss
• Negative Sentiment: Investors reacted to Q1 follow‑up guidance: Spotify beat Q1 EPS/revenue but gave softer Q2 guidance (paid-subscriber and operating‑income cadence) and flagged ad‑revenue softness — a combination that triggered last week’s sharp selloff and continues to weigh on sentiment. Spotify sinks after earnings beat overshadowed by cautious Q2 outlook
• Negative Sentiment: Universal Music said it will sell half of its Spotify stake — this introduces potential near‑term selling pressure and reduces a large strategic shareholder’s exposure, which markets often treat as a negative signal despite UMG’s simultaneous boost to its own buyback program. Universal Music to sell half its Spotify stake, boosts buyback
• Negative Sentiment: Multiple firms cut price targets (examples: Cantor, Barclays/Pivotal/Wells Fargo/Goldman/JPMorgan and others lowered targets, some sharply) — the wave of downgrades and lower targets amplifies downside risk near current levels even as some maintain buy/overweight ratings. Wall Street Slashes Spotify Price Targets After Q1 Miss

Insider Buying and Selling at Spotify Technology

In related news, CEO Gustav Soderstrom sold 20,833 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $473.52, for a total transaction of $9,864,842.16. Following the sale, the chief executive officer owned 20,609 shares of the company’s stock, valued at $9,758,773.68. This trade represents a 50.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Alex Norstrom sold 5,436 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $479.51, for a total transaction of $2,606,616.36. Following the completion of the transaction, the chief executive officer owned 69,989 shares of the company’s stock, valued at $33,560,425.39. This represents a 7.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.40% of the company’s stock.

Spotify Technology Company Profile

Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.