Spotify Technology S.A. (NYSE:SPOT) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its holdings in Spotify Technology S.A. (NYSE:SPOT - Free Report) by 115.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 100,006 shares of the company's stock after purchasing an additional 53,687 shares during the period. Asset Management One Co. Ltd. owned approximately 0.05% of Spotify Technology worth $45,620,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Prestige Wealth Management Group LLC bought a new stake in shares of Spotify Technology in the 3rd quarter worth about $26,000. Hobbs Group Advisors LLC bought a new stake in Spotify Technology during the third quarter worth approximately $33,000. Larson Financial Group LLC increased its stake in Spotify Technology by 51.6% during the third quarter. Larson Financial Group LLC now owns 97 shares of the company's stock worth $36,000 after acquiring an additional 33 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Spotify Technology during the third quarter valued at approximately $40,000. Finally, Rakuten Securities Inc. lifted its stake in shares of Spotify Technology by 40.5% in the 3rd quarter. Rakuten Securities Inc. now owns 111 shares of the company's stock valued at $41,000 after purchasing an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 84.09% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on SPOT shares. KeyCorp increased their price target on Spotify Technology from $555.00 to $600.00 and gave the company an "overweight" rating in a report on Friday, January 31st. JPMorgan Chase & Co. upped their price target on shares of Spotify Technology from $555.00 to $730.00 and gave the company an "overweight" rating in a report on Wednesday, February 5th. Wolfe Research reissued a "peer perform" rating on shares of Spotify Technology in a research note on Friday, January 17th. Guggenheim upped their target price on Spotify Technology from $520.00 to $675.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th. Finally, The Goldman Sachs Group increased their price target on Spotify Technology from $550.00 to $695.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $529.43.

Spotify Technology Price Performance

Spotify Technology stock traded down $6.78 during trading hours on Tuesday, reaching $631.40. The stock had a trading volume of 1,931,221 shares, compared to its average volume of 2,083,274. Spotify Technology S.A. has a 52 week low of $239.66 and a 52 week high of $652.63. The company has a market cap of $125.68 billion, a price-to-earnings ratio of 106.12 and a beta of 1.63. The business's 50 day moving average price is $511.45 and its 200-day moving average price is $428.76.

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.