Spotify Technology (NYSE:SPOT) Shares Unloaded Rep. Val T. Hoyle

Key Points

• Representative Val T. Hoyle sold shares of Spotify Technology (NYSE:SPOT) valued between $1,001 and $15,000 on September 10th, as disclosed in a filing on October 10th.
• Spotify's recent stock performance saw shares trading at $685.66, with a market cap of $140.36 billion and earnings per share (EPS) expectations of 10.3 for the current year.
• Several hedge funds have recently bought shares of Spotify, with institutional investors owning 84.09% of the company's stock, indicating strong market interest.

Representative Val T. Hoyle (D-Oregon) recently sold shares of Spotify Technology NYSE: SPOT. In a filing disclosed on October 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Spotify Technology stock on September 10th. The trade occurred in the Representative's "FIDELITY ROLLOVER IRA" account.

Representative Val T. Hoyle also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Marriott International NASDAQ: MAR on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Transdigm Group NYSE: TDG on 9/23/2025.
• Sold $1,001 - $15,000 in shares of H&R Block NYSE: HRB on 9/23/2025.
• Sold $1,001 - $15,000 in shares of NIKE NYSE: NKE on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Bank of New York Mellon NYSE: BK on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Cisco Systems NASDAQ: CSCO on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Capital One Financial NYSE: COF on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Pentair NYSE: PNR on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Heico NYSE: HEI.A on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Target NYSE: TGT on 9/23/2025.

Spotify Technology Stock Performance

Shares of SPOT traded up $12.00 on Friday, hitting $685.66. 1,376,067 shares of the stock traded hands, compared to its average volume of 1,524,768. The company has a market capitalization of $140.36 billion, a PE ratio of 166.42, a P/E/G ratio of 3.19 and a beta of 1.67. The business has a 50 day simple moving average of $699.20 and a 200 day simple moving average of $667.01. Spotify Technology has a one year low of $364.26 and a one year high of $785.00.

Spotify Technology (NYSE:SPOT - Get Free Report) last announced 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). Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The firm had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period last year, the business earned $1.33 EPS. Spotify Technology's revenue was up 10.1% on a year-over-year basis. Spotify Technology has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Spotify Technology will post 10.3 earnings per share for the current year.

Institutional Trading of Spotify Technology

Several hedge funds have recently bought and sold shares of SPOT. Knuff & Co LLC purchased a new stake in shares of Spotify Technology during the 2nd quarter valued at about $27,000. Total Investment Management Inc. purchased a new stake in Spotify Technology in the 2nd quarter worth about $29,000. Heartwood Wealth Advisors LLC bought a new position in Spotify Technology in the 3rd quarter worth about $27,000. Sound Income Strategies LLC grew its stake in Spotify Technology by 156.3% in the 2nd quarter. Sound Income Strategies LLC now owns 41 shares of the company's stock worth $31,000 after acquiring an additional 25 shares in the last quarter. Finally, GFG Capital LLC bought a new position in Spotify Technology in the 2nd quarter worth about $33,000. Hedge funds and other institutional investors own 84.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SPOT. Evercore ISI boosted their target price on shares of Spotify Technology from $650.00 to $750.00 and gave the company an "outperform" rating in a research note on Monday, June 16th. Sanford C. Bernstein boosted their price objective on shares of Spotify Technology from $825.00 to $840.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. Bank of America boosted their price objective on shares of Spotify Technology from $700.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, June 26th. Barclays cut their price objective on shares of Spotify Technology from $800.00 to $750.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Spotify Technology from $740.00 to $805.00 and gave the company an "overweight" rating in a research report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $731.16.

About Representative Hoyle

Val Hoyle (Democratic Party) is a member of the U.S. House, representing Oregon's 4th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. Hoyle (Democratic Party) is running for re-election to the U.S. House to represent Oregon's 4th Congressional District. She declared candidacy for the 2026 election. Val Hoyle was born in California and lives in Springfield, Oregon. Hoyle graduated from Merrimack High School. She earned a B.A. in political science from Emmanuel College in 1992. Her career experience includes working as a director at United Way of Lane County, a policy fellow at Wayne Morse Center for Law and Politics, and a commissioner at the Oregon Bureau of Labor and Industries. Hoyle has also worked in domestic and international sales, as well as manufacturing distribution.

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.

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