Trivest Advisors Ltd grew its holdings in Spotify Technology S.A. (NYSE:SPOT - Free Report) by 1,593.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 169,300 shares of the company's stock after acquiring an additional 159,300 shares during the period. Spotify Technology accounts for 3.4% of Trivest Advisors Ltd's portfolio, making the stock its 9th largest holding. Trivest Advisors Ltd owned 0.09% of Spotify Technology worth $75,741,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of SPOT. Auxano Advisors LLC grew its stake in shares of 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 buying an additional 20 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in shares of Spotify Technology by 4.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 573 shares of the company's stock worth $256,000 after buying an additional 25 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of Spotify Technology by 5.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 478 shares of the company's stock worth $176,000 after buying an additional 26 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of Spotify Technology by 13.3% in the 4th quarter. Harbour Investments Inc. now owns 222 shares of the company's stock worth $99,000 after buying an additional 26 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. grew its stake in shares of Spotify Technology by 1.9% in the 4th 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. 84.09% of the stock is currently owned by institutional investors.
Spotify Technology Price Performance
Spotify Technology stock traded up $5.09 during mid-day trading on Friday, reaching $599.64. 2,543,337 shares of the company traded hands, compared to its average volume of 2,107,412. Spotify Technology S.A. has a fifty-two week low of $257.56 and a fifty-two week high of $652.63. The company has a market capitalization of $122.75 billion, a price-to-earnings ratio of 100.78 and a beta of 1.66. The firm's fifty day moving average is $567.23 and its two-hundred day moving average is $470.02.
Analysts Set New Price Targets
SPOT has been the subject of a number of recent research reports. Redburn Atlantic initiated coverage on shares of Spotify Technology in a research note on Tuesday, March 11th. They issued a "neutral" rating and a $545.00 price objective for the company. Macquarie lifted their price target on shares of Spotify Technology from $500.00 to $600.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Wells Fargo & Company lifted their price target on shares of Spotify Technology from $520.00 to $690.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. lifted their price target on shares of Spotify Technology from $555.00 to $730.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and set a $658.00 price target (up from $473.00) on shares of Spotify Technology in a research note on Wednesday, February 5th. Eight investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $540.68.
Get Our Latest Stock Analysis on Spotify Technology
About Spotify Technology
(
Free Report)
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.
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