Compagnie Lombard Odier SCmA Has $53.22 Million Holdings in Spotify Technology S.A. (NYSE:SPOT)

Compagnie Lombard Odier SCmA lowered its holdings in Spotify Technology S.A. (NYSE:SPOT - Free Report) by 25.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 118,967 shares of the company's stock after selling 39,660 shares during the period. Compagnie Lombard Odier SCmA owned about 0.06% of Spotify Technology worth $53,223,000 at the end of the most recent reporting period.

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

Spotify Technology Trading Down 1.1 %

NYSE SPOT traded down $6.78 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. The business has a 50 day moving average price of $511.45 and a 200 day moving average price of $428.76. Spotify Technology S.A. has a 1 year low of $239.66 and a 1 year high of $652.63. The company has a market capitalization of $125.68 billion, a price-to-earnings ratio of 106.12 and a beta of 1.63.

Analyst Ratings Changes

A number of research firms have commented on SPOT. Canaccord Genuity Group increased their target price on Spotify Technology from $650.00 to $700.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. UBS Group increased their price target on Spotify Technology from $485.00 to $540.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. JPMorgan Chase & Co. increased their price target on Spotify Technology from $555.00 to $730.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 5th. Morgan Stanley increased their price target on Spotify Technology from $550.00 to $670.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 5th. Finally, Citigroup increased their price target on Spotify Technology from $540.00 to $720.00 and gave the stock a "neutral" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, Spotify Technology presently has a consensus 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.