Stephens Inc. AR lowered its stake in shares of Spotify Technology S.A. (NYSE:SPOT – Free Report) by 3.8% during the third quarter, Holdings Channel reports. The firm owned 3,691 shares of the company’s stock after selling 144 shares during the period. Stephens Inc. AR’s holdings in Spotify Technology were worth $1,360,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of SPOT. West Bancorporation Inc. grew its stake in Spotify Technology by 3.4% during the 3rd quarter. West Bancorporation Inc. now owns 827 shares of the company’s stock worth $305,000 after buying an additional 27 shares during the last quarter. Custom Index Systems LLC grew its position in shares of Spotify Technology by 3.0% during the third quarter. Custom Index Systems LLC now owns 1,150 shares of the company’s stock worth $424,000 after acquiring an additional 33 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of Spotify Technology by 0.6% in the 1st quarter. Clearbridge Investments LLC now owns 6,892 shares of the company’s stock valued at $1,819,000 after acquiring an additional 38 shares during the period. Cigna Investments Inc. New raised its position in Spotify Technology by 3.3% in the 2nd quarter. Cigna Investments Inc. New now owns 1,260 shares of the company’s stock valued at $395,000 after purchasing an additional 40 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC boosted its stake in Spotify Technology by 0.6% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 6,843 shares of the company’s stock worth $2,147,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 84.09% of the company’s stock.
Spotify Technology Stock Performance
Spotify Technology stock opened at $377.73 on Tuesday. The stock has a fifty day moving average price of $362.26 and a 200 day moving average price of $329.85. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.31. Spotify Technology S.A. has a 52 week low of $164.83 and a 52 week high of $397.20. The firm has a market capitalization of $75.19 billion, a P/E ratio of 154.18 and a beta of 1.56.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on Spotify Technology
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.
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