Autumn Glory Partners LLC Invests $353,000 in Spotify Technology S.A. (NYSE:SPOT)

Autumn Glory Partners LLC acquired a new stake in Spotify Technology S.A. (NYSE:SPOT) in the third quarter, Holdings Channel reports. The firm acquired 955 shares of the company’s stock, valued at approximately $353,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SPOT. Larson Financial Group LLC grew its position in shares of Spotify Technology by 86.0% in the 1st quarter. Larson Financial Group LLC now owns 93 shares of the company’s stock valued at $25,000 after buying an additional 43 shares during the last quarter. Transcendent Capital Group LLC acquired a new position in shares of Spotify Technology in the second quarter worth approximately $25,000. Benjamin Edwards Inc. lifted its stake in shares of Spotify Technology by 214.8% in the second quarter. Benjamin Edwards Inc. now owns 85 shares of the company’s stock worth $27,000 after acquiring an additional 58 shares during the period. Mather Group LLC. boosted its holdings in Spotify Technology by 9,900.0% in the second quarter. Mather Group LLC. now owns 100 shares of the company’s stock valued at $31,000 after acquiring an additional 99 shares during the last quarter. Finally, FinTrust Capital Advisors LLC increased its position in Spotify Technology by 400.0% during the 1st quarter. FinTrust Capital Advisors LLC now owns 125 shares of the company’s stock valued at $33,000 after purchasing an additional 100 shares during the period. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Spotify Technology Trading Up 1.4 %

SPOT opened at $384.50 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.56 and a quick ratio of 1.56. Spotify Technology S.A. has a fifty-two week low of $159.75 and a fifty-two week high of $389.48. The firm has a market capitalization of $73.13 billion, a PE ratio of -573.88 and a beta of 1.58. The company’s 50-day moving average is $357.83 and its 200 day moving average is $326.61.

Analysts Set New Price Targets

SPOT has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of Spotify Technology from $350.00 to $360.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $340.00 price target on shares of Spotify Technology in a research report on Monday, October 7th. Jefferies Financial Group reiterated a “buy” rating and set a $385.00 price target (up from $242.00) on shares of Spotify Technology in a report on Thursday, July 11th. KeyCorp boosted their price objective on Spotify Technology from $440.00 to $490.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. raised their target price on Spotify Technology from $375.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $376.21.

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.