Lbp Am Sa Lowers Stake in Spotify Technology S.A. (NYSE:SPOT)

Lbp Am Sa lowered its stake in shares of Spotify Technology S.A. (NYSE:SPOTFree Report) by 29.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,991 shares of the company’s stock after selling 35,538 shares during the period. Lbp Am Sa’s holdings in Spotify Technology were worth $37,576,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Thompson Siegel & Walmsley LLC purchased a new stake in Spotify Technology during the fourth quarter worth $447,000. Commonwealth Equity Services LLC increased its position in shares of Spotify Technology by 14.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 14,522 shares of the company’s stock worth $6,497,000 after purchasing an additional 1,797 shares in the last quarter. Impact Capital Partners LLC acquired a new position in shares of Spotify Technology during the fourth quarter worth $287,000. Vestcor Inc acquired a new position in shares of Spotify Technology during the fourth quarter worth $1,026,000. Finally, Swiss National Bank acquired a new position in shares of Spotify Technology during the fourth quarter worth $189,197,000. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Spotify Technology Trading Up 0.6 %

SPOT stock opened at $539.11 on Friday. Spotify Technology S.A. has a 12-month low of $249.58 and a 12-month high of $652.63. The stock has a market cap of $110.36 billion, a price-to-earnings ratio of 90.61 and a beta of 1.66. The business’s 50-day moving average is $553.16 and its 200 day moving average is $457.77.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. 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 report on Wednesday, February 5th. JPMorgan Chase & Co. upped 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. Redburn Atlantic assumed coverage on Spotify Technology in a research report on Tuesday. They set a “neutral” rating and a $545.00 price target on the stock. Macquarie upped their price target on Spotify Technology from $500.00 to $600.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Finally, UBS Group upped their target price on Spotify Technology from $485.00 to $540.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Eight equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, Spotify Technology currently has an average rating of “Moderate Buy” and a consensus target price of $540.68.

View Our Latest Stock Report on Spotify Technology

Spotify Technology Company 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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Institutional Ownership by Quarter for Spotify Technology (NYSE:SPOT)

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