Spotify Technology S.A. (NYSE:SPOT) Shares Purchased by Mariner LLC

Mariner LLC lifted its holdings in shares of Spotify Technology S.A. (NYSE:SPOT - Free Report) by 6.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,362 shares of the company's stock after acquiring an additional 979 shares during the quarter. Mariner LLC's holdings in Spotify Technology were worth $7,320,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Auxano Advisors LLC grew its position in Spotify Technology by 2.5% in the 4th quarter. Auxano Advisors LLC now owns 828 shares of the company's stock worth $370,000 after purchasing an additional 20 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in Spotify Technology by 4.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 573 shares of the company's stock valued at $256,000 after purchasing an additional 25 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of Spotify Technology by 5.4% in the fourth quarter. First Horizon Advisors Inc. now owns 504 shares of the company's stock valued at $225,000 after purchasing an additional 26 shares during the last quarter. Harbour Investments Inc. boosted its holdings in Spotify Technology by 13.3% in the 4th quarter. Harbour Investments Inc. now owns 222 shares of the company's stock valued at $99,000 after purchasing an additional 26 shares during the period. Finally, Cookson Peirce & Co. Inc. lifted its holdings in shares of Spotify Technology by 1.9% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,467 shares of the company's stock valued at $656,000 after acquiring an additional 27 shares during the period. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Spotify Technology Price Performance

Spotify Technology stock traded up $16.08 during midday trading on Thursday, hitting $608.78. 719,806 shares of the company were exchanged, compared to its average volume of 2,370,250. The company's fifty day moving average price is $572.08 and its 200-day moving average price is $503.17. Spotify Technology S.A. has a fifty-two week low of $271.65 and a fifty-two week high of $652.63. The company has a market cap of $124.62 billion, a PE ratio of 102.32 and a beta of 1.75.

Analyst Ratings Changes

SPOT has been the subject of a number of analyst reports. Citigroup lifted their price objective on Spotify Technology from $540.00 to $720.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. UBS Group lowered their target price on Spotify Technology from $690.00 to $680.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. The Goldman Sachs Group increased their price objective on shares of Spotify Technology from $550.00 to $695.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $658.00 price target (up previously from $473.00) on shares of Spotify Technology in a report on Wednesday, February 5th. Finally, China Renaissance started coverage on shares of Spotify Technology in a research note on Wednesday, March 26th. They set a "buy" rating and a $740.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $585.32.

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.