759 Shares in Spotify Technology S.A. (NYSE:SPOT) Purchased by Oxford Asset Management LLP

Oxford Asset Management LLP purchased a new stake in shares of Spotify Technology S.A. (NYSE:SPOT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 759 shares of the company's stock, valued at approximately $340,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Virtu Financial LLC bought a new stake in shares of Spotify Technology in the 3rd quarter worth $1,782,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Spotify Technology in the 3rd quarter worth $1,477,000. Franklin Resources Inc. grew its stake in shares of Spotify Technology by 2.6% in the 3rd quarter. Franklin Resources Inc. now owns 641,720 shares of the company's stock worth $239,041,000 after acquiring an additional 16,511 shares in the last quarter. Garde Capital Inc. grew its stake in shares of Spotify Technology by 14.6% in the 3rd quarter. Garde Capital Inc. now owns 432 shares of the company's stock worth $159,000 after acquiring an additional 55 shares in the last quarter. Finally, Oddo BHF Asset Management Sas bought a new stake in shares of Spotify Technology in the 3rd quarter worth $8,638,000. Institutional investors own 84.09% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Redburn Atlantic assumed coverage on shares of Spotify Technology in a report on Tuesday, March 11th. They set a "neutral" rating and a $545.00 price objective for the company. UBS Group decreased their price objective on shares of Spotify Technology from $690.00 to $680.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. raised their price objective on shares of Spotify Technology from $640.00 to $670.00 and gave the stock an "overweight" rating in a report on Wednesday. FBN Securities assumed coverage on shares of Spotify Technology in a report on Friday, March 28th. They set a "sector perform" rating and a $645.00 price objective for the company. Finally, China Renaissance assumed coverage on shares of Spotify Technology in a research report on Wednesday, March 26th. They set a "buy" rating and a $740.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, Spotify Technology currently has a consensus rating of "Moderate Buy" and an average target price of $602.15.

Spotify Technology Stock Up 6.6 %

Shares of NYSE:SPOT traded up $37.87 during midday trading on Wednesday, hitting $614.81. 4,229,828 shares of the stock traded hands, compared to its average volume of 2,146,579. The stock has a market capitalization of $125.86 billion, a PE ratio of 103.33 and a beta of 1.75. The business's 50 day moving average is $569.14 and its two-hundred day moving average is $510.43. Spotify Technology S.A. has a one year low of $280.66 and a one year high of $652.63.

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.