WealthPlan Investment Management LLC bought a new position in shares of Spotify Technology S.A. (NYSE:SPOT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 485 shares of the company's stock, valued at approximately $217,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. First Horizon Advisors Inc. lifted its holdings in shares of Spotify Technology by 5.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 478 shares of the company's stock valued at $176,000 after purchasing an additional 26 shares during the last quarter. West Bancorporation Inc. grew its position in Spotify Technology by 3.4% during the 3rd quarter. West Bancorporation Inc. now owns 827 shares of the company's stock worth $305,000 after purchasing an additional 27 shares during the last quarter. Joel Isaacson & Co. LLC raised its holdings in shares of Spotify Technology by 1.9% in 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 during the last quarter. Avior Wealth Management LLC grew its holdings in shares of Spotify Technology by 12.0% during the third quarter. Avior Wealth Management LLC now owns 281 shares of the company's stock valued at $104,000 after buying an additional 30 shares during the last quarter. Finally, Park National Corp OH raised its stake in Spotify Technology by 4.1% in the 4th quarter. Park National Corp OH now owns 793 shares of the company's stock worth $355,000 after acquiring an additional 31 shares during the last quarter. Institutional investors own 84.09% of the company's stock.
Spotify Technology Stock Up 1.8 %
NYSE:SPOT traded up $11.22 during trading hours on Wednesday, reaching $641.78. 1,472,226 shares of the stock were exchanged, compared to its average volume of 2,064,269. The business has a 50-day moving average of $514.65 and a two-hundred day moving average of $430.88. Spotify Technology S.A. has a twelve month low of $239.66 and a twelve month high of $652.63. The company has a market capitalization of $127.75 billion, a price-to-earnings ratio of 107.86 and a beta of 1.63.
Analyst Ratings Changes
SPOT has been the topic of a number of research reports. Cantor Fitzgerald reissued a "neutral" rating and issued a $480.00 price objective (down from $490.00) on shares of Spotify Technology in a report on Tuesday, January 28th. TD Cowen raised their price target on shares of Spotify Technology from $356.00 to $416.00 and gave the stock a "hold" rating in a research report on Wednesday, November 13th. Barclays upped their price objective on shares of Spotify Technology from $475.00 to $710.00 and gave the company an "overweight" rating in a report on Wednesday, February 5th. Guggenheim boosted their target price on shares of Spotify Technology from $520.00 to $675.00 and gave the company a "buy" rating in a research report on Wednesday, February 5th. Finally, Pivotal Research increased their price target on Spotify Technology from $510.00 to $565.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $529.43.
Read Our Latest Report on Spotify Technology
Spotify Technology Profile
(
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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