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

Savant Capital LLC boosted its holdings in Spotify Technology S.A. (NYSE:SPOT) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,052 shares of the company’s stock after buying an additional 94 shares during the quarter. Savant Capital LLC’s holdings in Spotify Technology were worth $470,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC acquired a new position in Spotify Technology in the third quarter worth approximately $26,000. Hobbs Group Advisors LLC acquired a new position in Spotify Technology in the third quarter worth approximately $33,000. Larson Financial Group LLC boosted its stake in Spotify Technology by 51.6% in the 3rd quarter. Larson Financial Group LLC now owns 97 shares of the company’s stock worth $36,000 after purchasing an additional 33 shares during the period. V Square Quantitative Management LLC acquired a new position in Spotify Technology in the 3rd quarter worth approximately $40,000. Finally, Rakuten Securities Inc. boosted its stake in Spotify Technology by 40.5% in the 3rd quarter. Rakuten Securities Inc. now owns 111 shares of the company’s stock worth $41,000 after purchasing an additional 32 shares during the period. Institutional investors and hedge funds own 84.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SPOT. UBS Group raised their price objective on shares of Spotify Technology from $485.00 to $540.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. raised their price objective 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. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $658.00 price objective (up previously from $473.00) on shares of Spotify Technology in a research note on Wednesday, February 5th. The Goldman Sachs Group raised their price objective on shares of Spotify Technology from $550.00 to $695.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Spotify Technology from $430.00 to $440.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, Spotify Technology has an average rating of “Moderate Buy” and a consensus price target of $529.43.

Spotify Technology Price Performance

Shares of SPOT opened at $637.75 on Monday. The company has a market capitalization of $126.94 billion, a PE ratio of 107.18 and a beta of 1.63. Spotify Technology S.A. has a one year low of $239.66 and a one year high of $652.63. The company’s fifty day moving average price is $508.35 and its 200 day moving average price is $426.06.

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.