Spotify Technology S.A. (NYSE:SPOT) Shares Sold by David J Yvars Group

David J Yvars Group lessened its holdings in Spotify Technology S.A. (NYSE:SPOT) by 4.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,411 shares of the company’s stock after selling 513 shares during the period. Spotify Technology comprises 2.6% of David J Yvars Group’s investment portfolio, making the stock its 9th biggest holding. David J Yvars Group’s holdings in Spotify Technology were worth $4,205,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SPOT. Larson Financial Group LLC grew its stake in shares of Spotify Technology by 86.0% in the 1st quarter. Larson Financial Group LLC now owns 93 shares of the company’s stock worth $25,000 after acquiring an additional 43 shares in the last quarter. Transcendent Capital Group LLC purchased a new position in Spotify Technology during the second quarter worth about $25,000. Benjamin Edwards Inc. grew its position in Spotify Technology by 214.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 85 shares of the company’s stock worth $27,000 after purchasing an additional 58 shares in the last quarter. Mather Group LLC. increased its stake in Spotify Technology by 9,900.0% in the 2nd quarter. Mather Group LLC. now owns 100 shares of the company’s stock valued at $31,000 after buying an additional 99 shares during the last quarter. Finally, Asset Dedication LLC bought a new position in shares of Spotify Technology during the 2nd quarter worth approximately $35,000. Institutional investors own 84.09% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Pivotal Research upped their target price on Spotify Technology from $460.00 to $510.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Rosenblatt Securities raised their target price on Spotify Technology from $399.00 to $438.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Morgan Stanley boosted their price target on shares of Spotify Technology from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Wolfe Research started coverage on shares of Spotify Technology in a report on Friday, July 12th. They set an “outperform” rating and a $390.00 price objective for the company. Finally, Guggenheim lifted their price objective on shares of Spotify Technology from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $379.79.

Spotify Technology Stock Performance

NYSE:SPOT opened at $391.13 on Thursday. The stock has a market cap of $77.85 billion, a P/E ratio of 159.64 and a beta of 1.56. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.31. The business’s 50-day moving average price is $364.19 and its two-hundred day moving average price is $331.03. Spotify Technology S.A. has a twelve month low of $164.83 and a twelve month high of $397.20.

Spotify Technology 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.