Spotify Technology S.A. (NYSE:SPOT) Shares Sold by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT lowered its holdings in Spotify Technology S.A. (NYSE:SPOT) by 5.8% in the fourth quarter, HoldingsChannel reports. The firm owned 3,074 shares of the company’s stock after selling 190 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Spotify Technology were worth $1,375,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. First Horizon Advisors Inc. increased its position in Spotify Technology by 5.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 478 shares of the company’s stock valued at $176,000 after acquiring an additional 26 shares during the period. West Bancorporation Inc. boosted its position in shares of Spotify Technology by 3.4% in the third quarter. West Bancorporation Inc. now owns 827 shares of the company’s stock worth $305,000 after buying an additional 27 shares during the period. Joel Isaacson & Co. LLC boosted its position 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 period. Avior Wealth Management LLC boosted its position in 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 purchasing an additional 30 shares during the last quarter. Finally, Park National Corp OH boosted its position in Spotify Technology by 4.1% during the fourth quarter. Park National Corp OH now owns 793 shares of the company’s stock valued at $355,000 after purchasing an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Spotify Technology Trading Down 4.7 %

Shares of SPOT opened at $606.98 on Friday. Spotify Technology S.A. has a 1-year low of $243.99 and a 1-year high of $652.63. The firm has a market capitalization of $120.82 billion, a price-to-earnings ratio of 102.01 and a beta of 1.63. The firm’s 50-day moving average price is $523.55 and its 200-day moving average price is $436.50.

Analyst Upgrades and Downgrades

SPOT has been the topic of several recent research reports. Pivotal Research raised their target price on Spotify Technology from $510.00 to $565.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Piper Sandler boosted their price target on Spotify Technology from $330.00 to $450.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Wells Fargo & Company boosted their price target on Spotify Technology from $520.00 to $690.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. Wolfe Research reaffirmed a “peer perform” rating on shares of Spotify Technology in a report on Friday, January 17th. Finally, Barclays lifted their price objective on Spotify Technology from $475.00 to $710.00 and gave the company an “overweight” rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $529.43.

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.