Spotify Technology S.A. (NYSE:SPOT) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. grew its holdings in shares of Spotify Technology S.A. (NYSE:SPOT - Free Report) by 16.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 236,360 shares of the company's stock after purchasing an additional 33,470 shares during the quarter. American Century Companies Inc. owned approximately 0.12% of Spotify Technology worth $105,743,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SPOT. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Spotify Technology by 165.8% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 909 shares of the company's stock valued at $407,000 after purchasing an additional 567 shares during the last quarter. Monetta Financial Services Inc. purchased a new stake in Spotify Technology in the 4th quarter valued at $1,074,000. Whittier Trust Co. increased its stake in shares of Spotify Technology by 79.2% in the 4th quarter. Whittier Trust Co. now owns 3,153 shares of the company's stock worth $1,411,000 after acquiring an additional 1,394 shares during the last quarter. Blueshift Asset Management LLC raised its holdings in shares of Spotify Technology by 83.4% during the 4th quarter. Blueshift Asset Management LLC now owns 3,938 shares of the company's stock worth $1,762,000 after acquiring an additional 1,791 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Spotify Technology by 56.0% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,544 shares of the company's stock valued at $21,718,000 after purchasing an additional 17,436 shares during the last quarter. Hedge funds and other institutional investors own 84.09% of the company's stock.

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Analysts Set New Price Targets

SPOT has been the subject of a number of recent analyst reports. Benchmark raised their price objective on Spotify Technology from $600.00 to $720.00 and gave the stock a "buy" rating in a research report on Wednesday, February 5th. UBS Group boosted their target price on Spotify Technology from $485.00 to $540.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Wolfe Research reaffirmed a "peer perform" rating on shares of Spotify Technology in a research note on Friday, January 17th. Morgan Stanley lifted their target price on Spotify Technology from $550.00 to $670.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. Finally, Macquarie increased their price target on shares of Spotify Technology from $500.00 to $600.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $552.47.

Spotify Technology Trading Down 3.5 %

Shares of Spotify Technology stock traded down $20.46 on Friday, hitting $559.76. The stock had a trading volume of 1,919,973 shares, compared to its average volume of 2,157,099. The company's 50 day moving average price is $576.80 and its 200 day moving average price is $475.48. The stock has a market cap of $114.59 billion, a price-to-earnings ratio of 94.08 and a beta of 1.66. Spotify Technology S.A. has a 52-week low of $260.80 and a 52-week high of $652.63.

About Spotify Technology

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.