Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Spotify Technology (NYSE:SPOT). In a filing disclosed on July 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Spotify Technology stock on June 5th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT #2” account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 – $15,000 in shares of Zoom Communications (NASDAQ:ZM) on 6/25/2025.
- Purchased $1,001 – $15,000 in shares of Coinbase Global (NASDAQ:COIN) on 6/24/2025.
- Purchased $1,001 – $15,000 in shares of Circle Internet Group (NYSE:CRCL) on 6/24/2025.
- Sold $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 6/23/2025.
- Sold $1,001 – $15,000 in shares of Chubb (NYSE:CB) on 6/13/2025.
- Sold $1,001 – $15,000 in shares of Atlassian (NASDAQ:TEAM) on 6/11/2025.
- Purchased $1,001 – $15,000 in shares of ServiceTitan (NASDAQ:TTAN) on 6/11/2025.
- Sold $1,001 – $15,000 in shares of Datadog (NASDAQ:DDOG) on 6/11/2025.
- Sold $1,001 – $15,000 in shares of GitLab (NASDAQ:GTLB) on 6/11/2025.
- Purchased $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 6/11/2025.
Spotify Technology Trading Up 1.2%
Shares of NYSE:SPOT opened at $701.61 on Tuesday. Spotify Technology has a 1-year low of $300.57 and a 1-year high of $785.00. The firm has a market capitalization of $143.63 billion, a PE ratio of 116.35, a PEG ratio of 1.87 and a beta of 1.68. The business’s 50 day moving average is $702.10 and its 200-day moving average is $621.08.
Analyst Upgrades and Downgrades
Several analysts recently commented on the company. Sanford C. Bernstein boosted their price target on Spotify Technology from $825.00 to $840.00 and gave the company an “outperform” rating in a research note on Tuesday, July 8th. Cantor Fitzgerald boosted their price target on Spotify Technology from $610.00 to $640.00 and gave the company a “neutral” rating in a research note on Wednesday, June 18th. UBS Group boosted their price objective on Spotify Technology from $680.00 to $895.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Morgan Stanley boosted their price objective on Spotify Technology from $700.00 to $850.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Finally, Canaccord Genuity Group boosted their price objective on Spotify Technology from $775.00 to $850.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $727.52.
View Our Latest Report on Spotify Technology
Institutional Investors Weigh In On Spotify Technology
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH increased its holdings in Spotify Technology by 52.1% in the second quarter. Allianz Asset Management GmbH now owns 305,125 shares of the company’s stock valued at $234,135,000 after purchasing an additional 104,493 shares during the last quarter. Rheos Capital Works Inc. bought a new stake in Spotify Technology in the second quarter valued at about $47,575,000. Mutual Advisors LLC increased its holdings in Spotify Technology by 37.1% in the second quarter. Mutual Advisors LLC now owns 466 shares of the company’s stock valued at $358,000 after purchasing an additional 126 shares during the last quarter. Generali Asset Management SPA SGR increased its holdings in Spotify Technology by 72.4% in the second quarter. Generali Asset Management SPA SGR now owns 51,969 shares of the company’s stock valued at $39,023,000 after purchasing an additional 21,827 shares during the last quarter. Finally, Granite Group Advisors LLC increased its holdings in Spotify Technology by 6.8% in the second quarter. Granite Group Advisors LLC now owns 737 shares of the company’s stock valued at $566,000 after purchasing an additional 47 shares during the last quarter. Institutional investors own 84.09% of the company’s stock.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
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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