Lake Street Advisors Group LLC boosted its position in shares of Spotify Technology S.A. (NYSE:SPOT – Free Report) by 82.4% during the fourth quarter, Holdings Channel reports. The firm owned 2,707 shares of the company’s stock after buying an additional 1,223 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Spotify Technology were worth $1,211,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Prestige Wealth Management Group LLC purchased a new stake in shares of Spotify Technology in the 3rd quarter worth about $26,000. Hobbs Group Advisors LLC purchased a new position in Spotify Technology during the 3rd quarter valued at about $33,000. Larson Financial Group LLC raised its position in Spotify Technology by 51.6% during the third quarter. Larson Financial Group LLC now owns 97 shares of the company’s stock worth $36,000 after acquiring an additional 33 shares during the last quarter. Quent Capital LLC lifted its holdings in shares of Spotify Technology by 135.7% in the fourth quarter. Quent Capital LLC now owns 99 shares of the company’s stock valued at $44,000 after purchasing an additional 57 shares in the last quarter. Finally, Rakuten Securities Inc. grew its position in shares of Spotify Technology by 40.5% in the third quarter. Rakuten Securities Inc. now owns 111 shares of the company’s stock valued at $41,000 after purchasing an additional 32 shares during the last quarter. Institutional investors and hedge funds own 84.09% of the company’s stock.
Spotify Technology Stock Performance
NYSE SPOT opened at $602.53 on Thursday. Spotify Technology S.A. has a one year low of $249.38 and a one year high of $652.63. The company’s 50 day moving average price is $531.23 and its 200 day moving average price is $442.02. The firm has a market capitalization of $119.94 billion, a price-to-earnings ratio of 101.27 and a beta of 1.63.
Analyst Upgrades and Downgrades
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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.
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