Atria Investments Inc Grows Stake in Spotify Technology S.A. (NYSE:SPOT)

Atria Investments Inc raised its position in Spotify Technology S.A. (NYSE:SPOT - Free Report) by 14.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,550 shares of the company's stock after purchasing an additional 1,235 shares during the quarter. Atria Investments Inc's holdings in Spotify Technology were worth $4,272,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Auxano Advisors LLC increased its holdings in Spotify Technology by 2.5% in the fourth quarter. Auxano Advisors LLC now owns 828 shares of the company's stock worth $370,000 after purchasing an additional 20 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in Spotify Technology by 4.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 573 shares of the company's stock valued at $256,000 after acquiring an additional 25 shares during the period. First Horizon Advisors Inc. boosted its position in shares of Spotify Technology by 5.8% during the third quarter. First Horizon Advisors Inc. now owns 478 shares of the company's stock valued at $176,000 after buying an additional 26 shares during the last quarter. Cookson Peirce & Co. Inc. grew its holdings in Spotify Technology by 1.9% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,467 shares of the company's stock worth $656,000 after buying an additional 27 shares in the last quarter. Finally, Joel Isaacson & Co. LLC grew its holdings in Spotify Technology by 1.9% during the fourth quarter. Joel Isaacson & Co. LLC now owns 1,559 shares of the company's stock worth $697,000 after buying an additional 29 shares in the last quarter. 84.09% of the stock is currently owned by institutional investors.

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Spotify Technology Stock Performance

SPOT traded down $12.26 on Friday, hitting $531.15. 3,825,546 shares of the company were exchanged, compared to its average volume of 2,194,643. The firm has a fifty day simple moving average of $547.82 and a two-hundred day simple moving average of $453.67. Spotify Technology S.A. has a 12 month low of $249.58 and a 12 month high of $652.63. The stock has a market capitalization of $108.73 billion, a PE ratio of 89.27 and a beta of 1.66.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Citigroup upped their price target on Spotify Technology from $540.00 to $720.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Pivotal Research upped their price objective on Spotify Technology from $510.00 to $565.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Wells Fargo & Company upped their price target on Spotify Technology from $520.00 to $690.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. Piper Sandler upped their price target on Spotify Technology from $330.00 to $450.00 and gave the company a "neutral" rating in a research report on Wednesday, November 13th. Finally, Bank of America upped their price target on Spotify Technology from $430.00 to $515.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $529.43.

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.