2 weeks Ago By ABMN Staff
Scientech Research LLC lifted its stake in shares of Spotify Technology S.A. ( NYSE:SPOT – Free Report ) by 383.
0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,961 shares of the company’s stock after purchasing an additional 3,141 shares during the quarter. Scientech Research LLC’s holdings in Spotify Technology were worth $1,243,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearbridge Investments LLC increased its stake in Spotify Technology by 0.6% in the 1st quarter.
Clearbridge Investments LLC now owns 6,892 shares of the company’s stock worth $1,819,000 after acquiring an additional 38 shares during the last quarter. Cigna Investments Inc. New increased its stake in Spotify Technology by 3.
3% in the 2nd quarter. Cigna Investments Inc. New now owns 1,260 shares of the company’s stock worth $395,000 after acquiring an additional 40 shares during the last quarter.
Moody Lynn & Lieberson LLC increased its stake in Spotify Technology by 0.6% in the 2nd quarter. Moody Lynn & Lieberson LLC now owns 6,843 shares of the company’s stock worth $2,147,000 after acquiring an additional 40 shares during the last quarter.
Larson Financial Group LLC increased its stake in Spotify Technology by 86.0% in the 1st quarter. Larson Financial Group LLC now owns 93 shares of the company’s stock worth $25,000 after acquiring an additional 43 shares during the last quarter.
Finally, EverSource Wealth Advisors LLC increased its stake in Spotify Technology by 4.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 981 shares of the company’s stock worth $337,000 after acquiring an additional 43 shares during the last quarter.
84.09% of the stock is currently owned by institutional investors. Spotify Technology Trading Down 2.
6 % NYSE SPOT opened at $369.20 on Friday. Spotify Technology S.
A. has a fifty-two week low of $145.76 and a fifty-two week high of $389.
23. The stock has a market cap of $73.49 billion, a P/E ratio of -551.
04 and a beta of 1.57. The stock has a 50 day simple moving average of $338.
03 and a two-hundred day simple moving average of $310.22. The company has a debt-to-equity ratio of 0.
31, a quick ratio of 1.56 and a current ratio of 1.56.
Analyst Ratings Changes SPOT has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price objective on Spotify Technology from $375.
00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Pivotal Research increased their price objective on Spotify Technology from $460.
00 to $510.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. UBS Group increased their price objective on Spotify Technology from $375.
00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Wolfe Research initiated coverage on Spotify Technology in a research report on Friday, July 12th.
They set an “outperform” rating and a $390.00 price objective on the stock. Finally, Benchmark reiterated a “buy” rating and set a $405.
00 price objective on shares of Spotify Technology in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $359.
14. View Our Latest Report on Spotify Technology Spotify Technology Company Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding SPOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spotify Technology S.
A. ( NYSE:SPOT – Free Report ). Receive News & Ratings for Spotify Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spotify Technology and related companies with MarketBeat.
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