1,225 Shares in Spotify Technology S.A. (NYSE:SPOT) Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. bought a new stake in shares of Spotify Technology S.A. (NYSE:SPOT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,225 shares of the company’s stock, valued at approximately $230,000.

Several other institutional investors also recently bought and sold shares of the company. Pinnacle Bancorp Inc. purchased a new stake in shares of Spotify Technology during the 4th quarter valued at $29,000. GAMMA Investing LLC purchased a new stake in Spotify Technology in the fourth quarter valued at about $32,000. First Horizon Advisors Inc. boosted its holdings in Spotify Technology by 195.0% in the third quarter. First Horizon Advisors Inc. now owns 177 shares of the company’s stock worth $27,000 after acquiring an additional 117 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in Spotify Technology by 32.3% in the fourth quarter. Lindbrook Capital LLC now owns 205 shares of the company’s stock worth $39,000 after acquiring an additional 50 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC increased its holdings in shares of Spotify Technology by 2,540.0% during the third quarter. Beaird Harris Wealth Management LLC now owns 264 shares of the company’s stock valued at $41,000 after acquiring an additional 254 shares in the last quarter. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SPOT shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Spotify Technology from $260.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. HSBC lifted their price objective on shares of Spotify Technology from $310.00 to $355.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. KeyCorp upped their target price on Spotify Technology from $300.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Benchmark lifted their price target on Spotify Technology from $325.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Rosenblatt Securities increased their price objective on Spotify Technology from $315.00 to $396.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Eight research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $306.42.

Spotify Technology Trading Up 0.0 %

NYSE SPOT opened at $298.67 on Friday. The stock has a market capitalization of $56.81 billion, a price-to-earnings ratio of -445.78 and a beta of 1.61. The stock has a 50-day moving average of $278.26 and a 200 day moving average of $226.82. Spotify Technology S.A. has a twelve month low of $129.23 and a twelve month high of $319.30.

Spotify Technology (NYSE:SPOT) last announced its earnings results on Tuesday, April 23rd. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.42. Spotify Technology had a negative return on equity of 4.39% and a negative net margin of 0.80%. The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same period in the prior year, the company posted ($1.24) EPS. Equities analysts predict that Spotify Technology S.A. will post 4.78 EPS for the current fiscal year.

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.