AQR Capital Management LLC Has $167.63 Million Stock Holdings in Spotify Technology S.A. (NYSE:SPOT)

AQR Capital Management LLC raised its holdings in Spotify Technology S.A. (NYSE:SPOT - Free Report) by 31.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 374,696 shares of the company's stock after acquiring an additional 89,063 shares during the quarter. AQR Capital Management LLC owned about 0.19% of Spotify Technology worth $167,632,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SPOT. Virtu Financial LLC acquired a new stake in Spotify Technology in the third quarter valued at approximately $1,782,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Spotify Technology in the third quarter worth $1,477,000. Franklin Resources Inc. lifted its stake in shares of Spotify Technology by 2.6% in the third quarter. Franklin Resources Inc. now owns 641,720 shares of the company's stock worth $239,041,000 after buying an additional 16,511 shares during the last quarter. Garde Capital Inc. lifted its stake in shares of Spotify Technology by 14.6% in the third quarter. Garde Capital Inc. now owns 432 shares of the company's stock worth $159,000 after buying an additional 55 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of Spotify Technology in the third quarter worth $8,638,000. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Spotify Technology Stock Down 3.8 %

Shares of NYSE:SPOT opened at $597.27 on Tuesday. Spotify Technology S.A. has a 12 month low of $280.37 and a 12 month high of $652.63. The company's 50-day moving average price is $570.33 and its two-hundred day moving average price is $509.96. The firm has a market cap of $122.27 billion, a P/E ratio of 100.38 and a beta of 1.75.

Spotify Technology (NYSE:SPOT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.13 earnings per share for the quarter, missing the consensus estimate of $2.29 by ($1.16). Spotify Technology had a net margin of 7.26% and a return on equity of 25.56%. As a group, equities analysts predict that Spotify Technology S.A. will post 10.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on SPOT shares. Barclays boosted their price objective 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. KeyCorp reduced their price objective on shares of Spotify Technology from $675.00 to $625.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $658.00 target price (up previously from $473.00) on shares of Spotify Technology in a research report on Wednesday, February 5th. Macquarie boosted their target price on shares of Spotify Technology from $600.00 to $665.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, UBS Group dropped their target price on shares of Spotify Technology from $690.00 to $680.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Seven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $596.26.

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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