Vanguard Group Inc. Has $110.65 Million Stake in Spotify Expertise S.A. (NYSE:SPOT)


Vanguard Group Inc. boosted its holdings in shares of Spotify Expertise S.A. (NYSE:SPOT – Free Report) by 6.3% in the course of the 4th quarter, in response to its most up-to-date disclosure with the Securities and Alternate Fee (SEC). The fund owned 588,847 shares of the corporate’s inventory after shopping for an extra 34,781 shares in the course of the quarter. Vanguard Group Inc. owned about 0.30% of Spotify Expertise value $110,650,000 on the finish of the latest quarter.

A number of different hedge funds and different institutional traders additionally lately made adjustments to their positions in SPOT. Wellington Administration Group LLP grew its place in shares of Spotify Expertise by 61.7% within the third quarter. Wellington Administration Group LLP now owns 2,970,540 shares of the corporate’s inventory valued at $459,364,000 after buying an extra 1,133,305 shares over the past quarter. Norges Financial institution acquired a brand new stake in shares of Spotify Expertise within the fourth quarter valued at about $92,429,000. 1832 Asset Administration L.P. acquired a brand new stake in shares of Spotify Expertise within the fourth quarter valued at about $83,094,000. Citigroup Inc. grew its place in shares of Spotify Expertise by 1,037.4% within the third quarter. Citigroup Inc. now owns 386,191 shares of the corporate’s inventory valued at $59,721,000 after buying an extra 352,237 shares over the past quarter. Lastly, Envestnet Asset Administration Inc. grew its place in shares of Spotify Expertise by 327.4% within the fourth quarter. Envestnet Asset Administration Inc. now owns 391,253 shares of the corporate’s inventory valued at $73,520,000 after buying an extra 299,700 shares over the past quarter. 84.09% of the inventory is owned by institutional traders and hedge funds.

Spotify Expertise Value Efficiency

Shares of Spotify Expertise inventory opened at $316.85 on Friday. The agency has a market cap of $60.26 billion, a P/E ratio of -472.90, a P/E/G ratio of 0.83 and a beta of 1.59. The agency has a 50 day easy transferring common of $306.64 and a 200 day easy transferring common of $265.11. Spotify Expertise S.A. has a fifty-two week low of $129.23 and a fifty-two week excessive of $331.08.

Spotify Expertise (NYSE:SPOT – Get Free Report) final issued its quarterly earnings outcomes on Tuesday, April twenty third. The corporate reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.42. The enterprise had income of $3.95 billion in the course of the quarter, in comparison with analyst estimates of $3.87 billion. Spotify Expertise had a unfavorable web margin of 0.80% and a unfavorable return on fairness of 4.39%. Throughout the identical quarter final yr, the enterprise posted ($1.24) earnings per share. On common, sell-side analysts count on that Spotify Expertise S.A. will publish 4.96 EPS for the present yr.

Wall Avenue Analyst Weigh In

A number of brokerages have lately issued experiences on SPOT. HSBC raised their worth goal on Spotify Expertise from $310.00 to $355.00 and gave the corporate a “purchase” ranking in a analysis report on Wednesday, April twenty fourth. Deutsche Financial institution Aktiengesellschaft elevated their goal worth on shares of Spotify Expertise from $260.00 to $340.00 and gave the corporate a “purchase” ranking in a analysis observe on Wednesday, April seventeenth. Financial institution of America elevated their goal worth on shares of Spotify Expertise from $370.00 to $380.00 and gave the corporate a “purchase” ranking in a analysis observe on Tuesday, July 2nd. Raymond James elevated their goal worth on shares of Spotify Expertise from $260.00 to $320.00 and gave the corporate an “outperform” ranking in a analysis observe on Monday, April fifteenth. Lastly, Piper Sandler reiterated a “impartial” ranking and issued a $320.00 goal worth (up beforehand from $300.00) on shares of Spotify Expertise in a analysis observe on Wednesday, April twenty fourth. Eight analysis analysts have rated the inventory with a maintain ranking and eighteen have issued a purchase ranking to the inventory. In response to information from MarketBeat, the inventory at the moment has a consensus ranking of “Average Purchase” and a median goal worth of $311.88.

Learn Our Newest Analysis Report on SPOT

Spotify Expertise Profile

(Free Report)

Spotify Expertise SA, along with its subsidiaries, supplies audio streaming subscription companies worldwide. It operates by two segments, Premium and Advert-Supported. The Premium phase gives limitless on-line and offline streaming entry to its catalog of music and podcasts with out business breaks to its subscribers.

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Institutional Ownership by Quarter for Spotify Technology (NYSE:SPOT)



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