Strs Ohio trimmed its position in shares of Spotify Technology S.A. (NYSE:SPOT – Free Report) by 21.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,363 shares of the company’s stock after selling 1,206 shares during the period. Strs Ohio’s holdings in Spotify Technology were worth $819,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Pinnacle Bancorp Inc. purchased a new stake in shares of Spotify Technology during the fourth quarter worth approximately $29,000. First Horizon Advisors Inc. increased its stake in shares of Spotify Technology by 195.0% during the third quarter. First Horizon Advisors Inc. now owns 177 shares of the company’s stock worth $27,000 after buying an additional 117 shares during the period. Beaird Harris Wealth Management LLC increased its stake in Spotify Technology by 2,540.0% in the third quarter. Beaird Harris Wealth Management LLC now owns 264 shares of the company’s stock valued at $41,000 after purchasing an additional 254 shares during the last quarter. Impact Partnership Wealth LLC purchased a new position in Spotify Technology in the third quarter valued at approximately $43,000. Finally, FNY Investment Advisers LLC purchased a new position in Spotify Technology in the fourth quarter valued at approximately $54,000. 84.09% of the stock is currently owned by hedge funds and other institutional investors.
Spotify Technology Stock Performance
Shares of SPOT opened at $281.34 on Thursday. The business’s fifty day moving average price is $269.74 and its 200 day moving average price is $217.24. Spotify Technology S.A. has a 12-month low of $128.67 and a 12-month high of $319.30.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. TheStreet raised Spotify Technology from a “d+” rating to a “c-” rating in a report on Friday, February 9th. Guggenheim raised their target price on Spotify Technology from $290.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday. Canaccord Genuity Group lifted their price target on Spotify Technology from $315.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday. Barclays boosted their target price on shares of Spotify Technology from $335.00 to $350.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, The Goldman Sachs Group boosted their target price on shares of Spotify Technology from $277.00 to $317.00 and gave the company a “neutral” rating in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $301.81.
Check Out Our Latest Analysis on Spotify Technology
Spotify Technology Company Profile
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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