DCF Advisers LLC Has $895,000 Position in Spotify Technology S.A. (NYSE:SPOT)

DCF Advisers LLC reduced its position in Spotify Technology S.A. (NYSE:SPOT) by 36.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,000 shares of the company’s stock after selling 1,165 shares during the period. DCF Advisers LLC’s holdings in Spotify Technology were worth $895,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPOT. Auxano Advisors LLC raised its holdings in Spotify Technology by 2.5% during the fourth quarter. Auxano Advisors LLC now owns 828 shares of the company’s stock valued at $370,000 after buying an additional 20 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings in Spotify Technology by 4.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 573 shares of the company’s stock valued at $256,000 after purchasing an additional 25 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in Spotify Technology by 5.8% during the third quarter. First Horizon Advisors Inc. now owns 478 shares of the company’s stock valued at $176,000 after purchasing an additional 26 shares in the last quarter. Harbour Investments Inc. boosted its holdings in shares of Spotify Technology by 13.3% in the 4th quarter. Harbour Investments Inc. now owns 222 shares of the company’s stock worth $99,000 after acquiring an additional 26 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. boosted its holdings in shares of Spotify Technology by 1.9% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,467 shares of the company’s stock worth $656,000 after acquiring an additional 27 shares in the last quarter. Institutional investors own 84.09% of the company’s stock.

Spotify Technology Trading Up 1.1 %

SPOT opened at $592.78 on Friday. Spotify Technology S.A. has a 1-year low of $257.56 and a 1-year high of $652.63. The company has a market cap of $121.35 billion, a P/E ratio of 99.63 and a beta of 1.66. The company has a fifty day moving average price of $564.44 and a two-hundred day moving average price of $466.28.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Macquarie boosted their price objective 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. The Goldman Sachs Group upped their price objective on shares of Spotify Technology from $550.00 to $695.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Redburn Atlantic initiated coverage on shares of Spotify Technology in a research report on Tuesday, March 11th. They issued a “neutral” rating and a $545.00 price objective for the company. Barclays upped their target price on shares of Spotify Technology from $475.00 to $710.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. Finally, UBS Group upped their target price on shares of Spotify Technology from $485.00 to $540.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Eight research analysts have rated the stock with a hold rating and twenty 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 $540.68.

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.