Globeflex Capital L P grew its stake in Spotify Technology S.A. (NYSE:SPOT – Free Report) by 102.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,438 shares of the company’s stock after purchasing an additional 726 shares during the period. Globeflex Capital L P’s holdings in Spotify Technology were worth $643,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of SPOT. Jennison Associates LLC purchased a new stake in Spotify Technology in the 4th quarter worth approximately $1,335,575,000. Forsta AP Fonden purchased a new position in shares of Spotify Technology during the 4th quarter valued at approximately $619,600,000. Amundi lifted its position in shares of Spotify Technology by 194.2% during the 4th quarter. Amundi now owns 750,030 shares of the company’s stock valued at $359,812,000 after buying an additional 495,087 shares in the last quarter. Swiss National Bank purchased a new position in shares of Spotify Technology during the 4th quarter valued at approximately $189,197,000. Finally, FMR LLC lifted its position in shares of Spotify Technology by 23.4% during the 3rd quarter. FMR LLC now owns 1,567,818 shares of the company’s stock valued at $577,788,000 after buying an additional 297,035 shares in the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.
Spotify Technology Stock Up 7.1 %
SPOT opened at $576.02 on Friday. The business’s fifty day simple moving average is $555.35 and its 200 day simple moving average is $459.43. The firm has a market cap of $117.92 billion, a P/E ratio of 96.81 and a beta of 1.66. Spotify Technology S.A. has a 52 week low of $249.58 and a 52 week high of $652.63.
Analysts Set New Price Targets
Read Our Latest Analysis on SPOT
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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