Rep. Jefferson Shreve Purchases Shares of Spotify Technology S.A. (NYSE:SPOT)

Representative Jefferson Shreve (R-Indiana) recently bought shares of Spotify Technology S.A. NYSE: SPOT. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $15,001 and $50,000 in Spotify Technology stock on April 11th. The trade occurred in the Representative's "CRT - NIMCRUT" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

Spotify Technology Price Performance

SPOT stock traded down $28.01 on Monday, reaching $620.25. 3,744,028 shares of the company were exchanged, compared to its average volume of 2,178,890. The firm has a market capitalization of $126.97 billion, a PE ratio of 104.24 and a beta of 1.72. Spotify Technology S.A. has a 12 month low of $286.21 and a 12 month high of $663.55. The stock's fifty day moving average price is $576.15 and its 200 day moving average price is $527.61.

Spotify Technology (NYSE:SPOT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($1.16). The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.22 billion. Spotify Technology had a return on equity of 25.56% and a net margin of 7.26%. The business's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.97 EPS. As a group, research analysts expect that Spotify Technology S.A. will post 10.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Cantor Fitzgerald dropped their target price on Spotify Technology from $600.00 to $520.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Phillip Securities raised Spotify Technology to a "moderate sell" rating in a report on Monday, May 5th. Loop Capital upped their target price on shares of Spotify Technology from $435.00 to $550.00 and gave the stock a "hold" rating in a report on Friday, May 2nd. Citigroup increased their target price on shares of Spotify Technology from $540.00 to $720.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Finally, Barclays reduced their price target on shares of Spotify Technology from $710.00 to $650.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $606.48.

Institutional Trading of Spotify Technology

A number of large investors have recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new stake in shares of Spotify Technology in the fourth quarter worth about $26,000. Hillsdale Investment Management Inc. bought a new position in Spotify Technology in the fourth quarter valued at approximately $27,000. Tsfg LLC bought a new position in Spotify Technology in the first quarter valued at approximately $28,000. Copia Wealth Management acquired a new position in shares of Spotify Technology in the fourth quarter valued at approximately $29,000. Finally, Cornerstone Planning Group LLC increased its position in shares of Spotify Technology by 512.5% during the first quarter. Cornerstone Planning Group LLC now owns 49 shares of the company's stock worth $29,000 after acquiring an additional 41 shares in the last quarter. Institutional investors own 84.09% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About Spotify Technology

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.