V Square Quantitative Management LLC Has $71,000 Holdings in Spotify Technology S.A. (NYSE:SPOT)

V Square Quantitative Management LLC increased its holdings in shares of Spotify Technology S.A. (NYSE:SPOT) by 46.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 160 shares of the company’s stock after purchasing an additional 51 shares during the period. V Square Quantitative Management LLC’s holdings in Spotify Technology were worth $71,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SPOT. Prestige Wealth Management Group LLC bought a new position in Spotify Technology during the third quarter valued at about $26,000. Hobbs Group Advisors LLC bought a new stake in shares of Spotify Technology in the 3rd quarter valued at approximately $33,000. Larson Financial Group LLC grew its stake in shares of Spotify Technology by 51.6% in the 3rd quarter. Larson Financial Group LLC now owns 97 shares of the company’s stock valued at $36,000 after purchasing an additional 33 shares during the period. Quent Capital LLC grew its stake in shares of Spotify Technology by 135.7% in the 4th quarter. Quent Capital LLC now owns 99 shares of the company’s stock valued at $44,000 after purchasing an additional 57 shares during the period. Finally, Rakuten Securities Inc. grew its position in Spotify Technology by 40.5% during the 3rd quarter. Rakuten Securities Inc. now owns 111 shares of the company’s stock worth $41,000 after acquiring an additional 32 shares during the last quarter. Institutional investors and hedge funds own 84.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. TD Cowen increased their price target on Spotify Technology from $356.00 to $416.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Macquarie increased 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. Wells Fargo & Company increased their price target on Spotify Technology from $520.00 to $690.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. Morgan Stanley increased their price target on Spotify Technology from $550.00 to $670.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. Finally, Citigroup increased their price target on Spotify Technology from $540.00 to $720.00 and gave the stock a “neutral” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $529.43.

Spotify Technology Stock Down 1.6 %

Shares of NYSE:SPOT opened at $637.75 on Tuesday. Spotify Technology S.A. has a 12-month low of $239.66 and a 12-month high of $652.63. The stock has a market cap of $126.94 billion, a PE ratio of 107.18 and a beta of 1.63. The business has a 50 day moving average of $508.35 and a 200-day moving average of $426.64.

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.