Spotify Technology S.A. (NYSE:SPOT) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC grew its stake in shares of Spotify Technology S.A. (NYSE:SPOT) by 15.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 108,811 shares of the company’s stock after acquiring an additional 14,565 shares during the period. Natixis Advisors LLC owned about 0.05% of Spotify Technology worth $48,680,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its position in shares of Spotify Technology by 3.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,492,170 shares of the company’s stock worth $1,286,969,000 after purchasing an additional 102,786 shares during the last quarter. Jennison Associates LLC acquired a new position in shares of Spotify Technology during the 4th quarter worth approximately $1,335,575,000. State Street Corp raised its position in shares of Spotify Technology by 1.5% during the 3rd quarter. State Street Corp now owns 1,997,323 shares of the company’s stock worth $736,073,000 after purchasing an additional 28,864 shares during the last quarter. FMR LLC raised 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 worth $577,788,000 after purchasing an additional 297,035 shares during the last quarter. Finally, Forsta AP Fonden acquired a new position in shares of Spotify Technology during the 4th quarter worth approximately $619,600,000. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Spotify Technology Price Performance

NYSE:SPOT opened at $576.02 on Monday. The firm has a 50-day moving average of $555.35 and a two-hundred day moving average of $461.13. The stock 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 1-year low of $249.58 and a 1-year high of $652.63.

Analyst Ratings Changes

Several research firms have commented on SPOT. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $658.00 target price (up from $473.00) on shares of Spotify Technology in a research note on Wednesday, February 5th. Macquarie lifted their target price on shares of Spotify Technology from $500.00 to $600.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Benchmark lifted their target price on shares of Spotify Technology from $600.00 to $720.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Guggenheim reaffirmed a “buy” rating and issued a $675.00 target price on shares of Spotify Technology in a research note on Monday, February 24th. Finally, The Goldman Sachs Group lifted their target price on shares of Spotify Technology from $550.00 to $695.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, Spotify Technology currently has an average rating of “Moderate Buy” and an average target price of $540.68.

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.