2 weeks Ago By ABMN Staff
Susquehanna Portfolio Strategies LLC lowered its position in Spotify Technology S.A. ( NYSE:SPOT – Free Report ) by 15.
5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,937 shares of the company’s stock after selling 4,022 shares during the quarter. Susquehanna Portfolio Strategies LLC’s holdings in Spotify Technology were worth $6,884,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in SPOT. GQG Partners LLC acquired a new position in Spotify Technology in the first quarter worth approximately $610,040,000. Bamco Inc.
NY grew its position in Spotify Technology by 28.3% in the first quarter. Bamco Inc.
NY now owns 864,584 shares of the company’s stock worth $228,164,000 after buying an additional 190,931 shares during the last quarter. Swedbank AB grew its position in Spotify Technology by 13.2% in the second quarter.
Swedbank AB now owns 852,526 shares of the company’s stock worth $267,514,000 after buying an additional 99,730 shares during the last quarter. D1 Capital Partners L.P.
grew its position in Spotify Technology by 5.6% in the second quarter. D1 Capital Partners L.
P. now owns 680,061 shares of the company’s stock worth $213,396,000 after buying an additional 36,000 shares during the last quarter. Finally, Sei Investments Co.
grew its position in Spotify Technology by 106.8% in the second quarter. Sei Investments Co.
now owns 646,380 shares of the company’s stock worth $202,828,000 after buying an additional 333,782 shares during the last quarter. Institutional investors and hedge funds own 84.09% of the company’s stock.
Spotify Technology Stock Performance NYSE:SPOT opened at $369.20 on Friday. The firm’s 50-day moving average is $338.
03 and its 200-day moving average is $310.22. Spotify Technology S.
A. has a 52-week low of $145.76 and a 52-week high of $389.
23. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.
56 and a current ratio of 1.56. The company has a market cap of $73.
49 billion, a price-to-earnings ratio of -551.04 and a beta of 1.57.
Wall Street Analysts Forecast Growth Several research analysts have issued reports on SPOT shares. Evercore ISI lifted their price target on shares of Spotify Technology from $420.00 to $460.
00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. lifted their price target on shares of Spotify Technology from $375.
00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Pivotal Research lifted their price target on shares of Spotify Technology from $460.
00 to $510.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Guggenheim raised their price objective on shares of Spotify Technology from $400.
00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Rosenblatt Securities raised their price objective on shares of Spotify Technology from $396.
00 to $399.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-three have issued a buy rating to the stock.
According to MarketBeat.com, Spotify Technology presently has an average rating of “Moderate Buy” and an average target price of $359.14.
Get Our Latest Report on SPOT Spotify Technology 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.
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