Spotify Technology (NYSE:SPOT) Stock Bought Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of Spotify Technology (NYSE:SPOT). In a filing disclosed on December 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in Spotify Technology stock on November 18th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Spotify Technology (NYSE:SPOT) on 11/26/2025.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 11/26/2025.
• Purchased $1,001 – $15,000 in shares of First Watch Restaurant Group (NASDAQ:FWRG) on 11/26/2025.
• Purchased $1,001 – $15,000 in shares of TKO Group (NYSE:TKO) on 11/26/2025.
• Sold $1,001 – $15,000 in shares of RBC Bearings (NYSE:RBC) on 11/24/2025.
• Sold $1,001 – $15,000 in shares of Stifel Financial (NYSE:SF) on 11/24/2025.
• Purchased $1,001 – $15,000 in shares of Logan Energy (CVE:LGN) on 11/24/2025.
• Sold $1,001 – $15,000 in shares of Primoris Services (NASDAQ:PRIM) on 11/24/2025.
• Purchased $15,001 – $50,000 in shares of LandBridge (NYSE:LB) on 11/21/2025.
• Purchased $50,001 – $100,000 in shares of LandBridge (NYSE:LB) on 11/20/2025.

Spotify Technology Trading Up 3.3%

SPOT stock traded up $18.57 on Friday, hitting $582.39. The company had a trading volume of 1,959,009 shares, compared to its average volume of 2,074,894. Spotify Technology has a 12-month low of $443.21 and a 12-month high of $785.00. The stock’s 50-day simple moving average is $620.98 and its 200 day simple moving average is $674.28. The stock has a market cap of $119.91 billion, a price-to-earnings ratio of 91.57, a P/E/G ratio of 1.86 and a beta of 1.66.

Spotify Technology (NYSE:SPOT) last announced its earnings results on Tuesday, November 4th. The company reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $1.96. Spotify Technology had a net margin of 8.46% and a return on equity of 21.68%. The company had revenue of $5.01 billion during the quarter, compared to analyst estimates of $4.23 billion. During the same period in the previous year, the business posted $1.45 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. Research analysts forecast that Spotify Technology will post 10.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SPOT. JPMorgan Chase & Co. upped their target price on Spotify Technology from $740.00 to $805.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Citizens Jmp assumed coverage on Spotify Technology in a research report on Wednesday. They issued a “market outperform” rating and a $800.00 price objective on the stock. Cantor Fitzgerald increased their target price on Spotify Technology from $640.00 to $675.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Wall Street Zen raised shares of Spotify Technology from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Pivotal Research cut their price target on shares of Spotify Technology from $900.00 to $875.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $760.23.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Spotify Technology during the first quarter worth $559,000. HighTower Advisors LLC grew its stake in Spotify Technology by 1.2% during the 1st quarter. HighTower Advisors LLC now owns 17,593 shares of the company’s stock worth $9,677,000 after buying an additional 210 shares during the last quarter. Kovitz Investment Group Partners LLC increased its position in Spotify Technology by 87.2% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 7,045 shares of the company’s stock valued at $3,875,000 after buying an additional 3,282 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Spotify Technology by 10.5% in the first quarter. Dimensional Fund Advisors LP now owns 225,260 shares of the company’s stock valued at $123,908,000 after buying an additional 21,494 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Spotify Technology by 28.1% in the first quarter. EverSource Wealth Advisors LLC now owns 962 shares of the company’s stock valued at $529,000 after buying an additional 211 shares during the last quarter. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.