Teacher Retirement System of Texas Boosts Stock Holdings in Spotify Technology $SPOT

Teacher Retirement System of Texas boosted its position in Spotify Technology (NYSE:SPOT) by 2.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 196,071 shares of the company’s stock after purchasing an additional 3,896 shares during the period. Spotify Technology comprises approximately 0.6% of Teacher Retirement System of Texas’ portfolio, making the stock its 20th biggest holding. Teacher Retirement System of Texas owned 0.10% of Spotify Technology worth $150,453,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Aequim Alternative Investments LP lifted its stake in Spotify Technology by 30.0% in the second quarter. Aequim Alternative Investments LP now owns 32,500 shares of the company’s stock valued at $24,939,000 after purchasing an additional 7,500 shares during the last quarter. Bessemer Group Inc. raised its holdings in Spotify Technology by 215.3% during the 2nd quarter. Bessemer Group Inc. now owns 505,329 shares of the company’s stock valued at $387,758,000 after acquiring an additional 345,048 shares during the period. Envestnet Asset Management Inc. raised its holdings in Spotify Technology by 4.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 598,931 shares of the company’s stock valued at $459,584,000 after acquiring an additional 26,217 shares during the period. Resonant Capital Advisors LLC raised its holdings in Spotify Technology by 24.8% during the 2nd quarter. Resonant Capital Advisors LLC now owns 588 shares of the company’s stock valued at $451,000 after acquiring an additional 117 shares during the period. Finally, Wealthfront Advisers LLC raised its holdings in Spotify Technology by 19.4% during the 2nd quarter. Wealthfront Advisers LLC now owns 1,401 shares of the company’s stock valued at $1,075,000 after acquiring an additional 228 shares during the period. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Argus assumed coverage on shares of Spotify Technology in a report on Monday, September 29th. They set a “buy” rating and a $845.00 target price on the stock. Citigroup boosted their target price on shares of Spotify Technology from $715.00 to $750.00 and gave the company a “neutral” rating in a report on Tuesday, September 9th. The Goldman Sachs Group cut shares of Spotify Technology from a “buy” rating to a “neutral” rating and boosted their target price for the company from $765.00 to $770.00 in a report on Tuesday, September 30th. UBS Group lowered their target price on shares of Spotify Technology from $895.00 to $850.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Spotify Technology from $740.00 to $805.00 and gave the company an “overweight” rating in a report on Monday, September 29th. One research 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $731.16.

Spotify Technology Stock Performance

Spotify Technology stock opened at $645.22 on Monday. The stock has a market cap of $132.08 billion, a P/E ratio of 156.61, a PEG ratio of 3.08 and a beta of 1.67. Spotify Technology has a fifty-two week low of $376.00 and a fifty-two week high of $785.00. The firm’s fifty day moving average price is $696.53 and its 200-day moving average price is $677.57.

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

Spotify Technology 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.