Spotify Technology S.A. (NYSE:SPOT) Holdings Trimmed by Lansdowne Partners UK LLP

Lansdowne Partners UK LLP decreased its position in shares of Spotify Technology S.A. (NYSE:SPOT - Free Report) by 71.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 527 shares of the company's stock after selling 1,312 shares during the period. Spotify Technology comprises approximately 0.0% of Lansdowne Partners UK LLP's holdings, making the stock its 24th biggest holding. Lansdowne Partners UK LLP's holdings in Spotify Technology were worth $236,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SPOT. Jennison Associates LLC purchased a new stake in shares of Spotify Technology during the fourth quarter worth about $1,335,575,000. FMR LLC grew its stake in Spotify Technology by 30.2% during the 4th quarter. FMR LLC now owns 2,041,387 shares of the company's stock valued at $913,276,000 after purchasing an additional 473,569 shares in the last quarter. Schroder Investment Management Group increased its holdings in Spotify Technology by 0.4% during the 4th quarter. Schroder Investment Management Group now owns 1,912,937 shares of the company's stock worth $855,810,000 after purchasing an additional 7,075 shares during the last quarter. GQG Partners LLC acquired a new position in shares of Spotify Technology in the 4th quarter valued at approximately $800,725,000. Finally, Geode Capital Management LLC raised its position in shares of Spotify Technology by 561.6% in the 4th quarter. Geode Capital Management LLC now owns 1,483,392 shares of the company's stock valued at $659,841,000 after purchasing an additional 1,259,183 shares in the last quarter. Institutional investors and hedge funds own 84.09% of the company's stock.

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Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Rosenblatt Securities restated a "neutral" rating and issued a $658.00 price target (up previously from $473.00) on shares of Spotify Technology in a research note on Wednesday, February 5th. Canaccord Genuity Group upped their target price on shares of Spotify Technology from $650.00 to $700.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $480.00 price target (down previously from $490.00) on shares of Spotify Technology in a research report on Tuesday, January 28th. JPMorgan Chase & Co. lowered their price objective on Spotify Technology from $730.00 to $640.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Barclays increased their target price on Spotify Technology from $475.00 to $710.00 and gave the stock an "overweight" rating in a report on Wednesday, February 5th. Nine research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $554.97.

Spotify Technology Trading Up 4.2 %

SPOT traded up $23.28 on Tuesday, reaching $572.45. The company had a trading volume of 2,281,925 shares, compared to its average volume of 2,182,849. Spotify Technology S.A. has a one year low of $267.76 and a one year high of $652.63. The company has a market capitalization of $117.18 billion, a P/E ratio of 96.21 and a beta of 1.75. The company has a fifty day moving average of $579.17 and a 200-day moving average of $495.60.

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.