Atria Wealth Solutions Inc. Raises Position in Spotify Technology S.A. (NYSE:SPOT)

Atria Wealth Solutions Inc. lifted its stake in Spotify Technology S.A. (NYSE:SPOT) by 14.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,253 shares of the company’s stock after purchasing an additional 420 shares during the period. Atria Wealth Solutions Inc.’s holdings in Spotify Technology were worth $1,456,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its position in Spotify Technology by 5.8% in the third quarter. First Horizon Advisors Inc. now owns 478 shares of the company’s stock worth $176,000 after buying an additional 26 shares in the last quarter. West Bancorporation Inc. lifted its position in shares of Spotify Technology by 3.4% during the 3rd quarter. West Bancorporation Inc. now owns 827 shares of the company’s stock valued at $305,000 after buying an additional 27 shares in the last quarter. Joel Isaacson & Co. LLC grew its stake in shares of Spotify Technology by 1.9% during the 4th quarter. Joel Isaacson & Co. LLC now owns 1,559 shares of the company’s stock valued at $697,000 after acquiring an additional 29 shares during the period. Avior Wealth Management LLC increased its holdings in Spotify Technology by 12.0% in the 3rd quarter. Avior Wealth Management LLC now owns 281 shares of the company’s stock worth $104,000 after acquiring an additional 30 shares in the last quarter. Finally, Park National Corp OH raised its stake in Spotify Technology by 4.1% during the 4th quarter. Park National Corp OH now owns 793 shares of the company’s stock worth $355,000 after acquiring an additional 31 shares during the period. 84.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SPOT. Macquarie upped their price target on shares of Spotify Technology from $500.00 to $600.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Phillip Securities restated an “accumulate” rating and set a $485.00 target price (up previously from $420.00) on shares of Spotify Technology in a research note on Wednesday, November 13th. Guggenheim increased their price target on Spotify Technology from $520.00 to $675.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Bank of America boosted their price objective on Spotify Technology from $430.00 to $515.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Pivotal Research increased their target price on Spotify Technology from $510.00 to $565.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. 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 stock. According to data from MarketBeat.com, Spotify Technology has a consensus rating of “Moderate Buy” and an average target price of $529.43.

Spotify Technology Trading Down 4.7 %

Shares of NYSE:SPOT opened at $606.98 on Monday. The company has a market cap of $120.82 billion, a price-to-earnings ratio of 102.01 and a beta of 1.63. Spotify Technology S.A. has a 12 month low of $243.99 and a 12 month high of $652.63. The company has a 50-day moving average price of $523.55 and a 200 day moving average price of $437.29.

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.