Flagship Harbor Advisors LLC increased its stake in Spotify Technology S.A. (NYSE:SPOT – Get Rating) by 45.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,524 shares of the company's stock after purchasing an additional 1,097 shares during the quarter. Flagship Harbor Advisors LLC's holdings in Spotify Technology were worth $331,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Manhattan Co. lifted its holdings in shares of Spotify Technology by 65.8% during the first quarter. First Manhattan Co. now owns 252 shares of the company's stock worth $38,000 after buying an additional 100 shares during the last quarter. Baldwin Brothers LLC MA lifted its holdings in shares of Spotify Technology by 41.5% during the first quarter. Baldwin Brothers LLC MA now owns 283 shares of the company's stock worth $43,000 after buying an additional 83 shares during the last quarter. MBM Wealth Consultants LLC acquired a new position in shares of Spotify Technology during the first quarter worth approximately $45,000. Quadrant Capital Group LLC lifted its holdings in shares of Spotify Technology by 84.4% during the first quarter. Quadrant Capital Group LLC now owns 343 shares of the company's stock worth $51,000 after buying an additional 157 shares during the last quarter. Finally, BDO Wealth Advisors LLC lifted its holdings in shares of Spotify Technology by 82.5% during the first quarter. BDO Wealth Advisors LLC now owns 365 shares of the company's stock worth $55,000 after buying an additional 165 shares during the last quarter. 55.32% of the stock is currently owned by institutional investors and hedge funds.
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Spotify Technology Stock Performance
Shares of SPOT stock opened at $89.34 on Friday. Spotify Technology S.A. has a 52 week low of $88.69 and a 52 week high of $305.60. The stock's fifty day moving average is $109.93 and its 200-day moving average is $114.52.
Spotify Technology (NYSE:SPOT – Get Rating) last issued its quarterly earnings results on Wednesday, July 27th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.68) by ($0.23). Spotify Technology had a negative net
margin of 0.24% and a negative return on equity of 1.15%. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period last year, the company earned ($0.23) EPS. The company's revenue was up 22.9% compared to the same quarter last year. As a group, analysts predict that Spotify Technology S.A. will post -2.03 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have recently commented on SPOT shares. Wells Fargo & Company upgraded Spotify Technology from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $101.00 to $124.00 in a report on Wednesday, June 15th. Bank of America upped their target price on Spotify Technology from $137.00 to $164.00 and gave the company a "buy" rating in a research note on Thursday, June 9th. UBS Group cut their target price on Spotify Technology from $185.00 to $142.00 and set a "neutral" rating for the company in a research note on Thursday, July 28th. Morgan Stanley cut their target price on Spotify Technology from $170.00 to $140.00 and set an "overweight" rating for the company in a research note on Monday, July 25th. Finally, Raymond James upgraded Spotify Technology from a "market perform" rating to an "outperform" rating and set a $150.00 target price for the company in a research note on Monday, June 6th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $183.42.
Spotify Technology Company Profile
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Spotify Technology SA, together with its subsidiaries, provides audio streaming services worldwide. It operates through Premium and Ad-Supported segments. 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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根据Flagship Harbor Advisors LLC最近提交给美国证券交易委员会的文件，该公司在第二季度增持了Spotify Technology S.A.(纽约证券交易所代码：SPOT-Get Rating)的股份45.2%。该基金在本季度额外购买了1,097股后，持有该公司3524股股票。在最近的报告期结束时，旗舰公司Harbor Advisors LLC持有的Spotify Technology价值331,000美元。
其他机构投资者和对冲基金最近也增持或减持了该公司的股份。第一曼哈顿公司在第一季度增持了65.8%的Spotify Technology股票。第一曼哈顿公司现在持有该公司252股股票，价值38,000美元，在上个季度又购买了100股。鲍德温兄弟有限责任公司(Baldwin Brothers LLC MA)在第一季度增持了Spotify Technology的股票41.5%。鲍德温兄弟有限责任公司(Baldwin Brothers LLC MA)在上个季度额外购买了83股后，现在拥有283股该公司股票，价值4.3万美元。MBM Wealth Consulters LLC在第一季度收购了价值约4.5万美元的Spotify Technology股票的新头寸。跨骏资本集团在第一季度增持了Spotify Technology的股票84.4%。跨骏资本集团现在持有该公司343股股票，价值51,000美元，上个季度又购买了157股。最后，BDO Wealth Advisors LLC在第一季度增持了82.5%的Spotify Technology股票。BDO Wealth Advisors LLC现在持有365股该公司股票，价值55,000美元，在上个季度又购买了165股。55.32%的股票目前由机构投资者和对冲基金持有。
到达Spotify技术警报：
Spotify科技股表现
上周五，现货股票开盘报89.34美元。Spotify Technology S.A.的股价为88.69美元，为52周低点，52周高点为305.60美元。该股的50日移动均线切入位为109.93美元，200日移动均线切入位为114.52美元。
Spotify科技(纽约证券交易所代码：Spot-Get Rating)最近一次发布季度收益报告是在7月27日星期三。该公司公布了该季度每股收益(EPS)(0.91美元)，低于(0.68美元)和(0.23美元)的普遍预期。Spotify Technology的净利润率为负0.24%，股本回报率为负1.15%。该公司本季度营收为28.6亿美元，而分析师预期为28.2亿美元。去年同期，该公司每股收益为0.23美元。与去年同期相比，该公司的收入增长了22.9%。分析人士预计，作为一个整体，Spotify Technology S.A.本财年的每股收益将达到2.03美元。
分析师评级发生变化
一些研究分析师最近对现货股票发表了评论。富国银行将Spotify科技的评级从减持上调至同等权重，并在6月15日周三的一份报告中将该股的目标价从101.00美元上调至124.00美元。6月9日，美国银行在一份研究报告中将Spotify Technology的目标价从137.00美元上调至164.00美元，并给予该公司“买入”评级。7月28日，瑞银集团在一份研究报告中将Spotify Technology的目标价从185.00美元下调至142.00美元，并将该公司的评级定为“中性”。25日，摩根士丹利在一份研究报告中将其对Spotify Technology的目标价从170.00美元下调至140.00美元，并对该公司设定了“增持”评级。最后，雷蒙德·詹姆斯在6月6日周一的一份研究报告中，将Spotify Technology的评级从“市场表现”上调至“表现优于大盘”，并为该公司设定了150.00美元的目标价。一位研究分析师对该股的评级为卖出，12位分析师给出了持有评级，13位分析师给出了该公司股票的买入评级。根据MarketBeat.com的数据，该股的平均评级为持有，平均目标价为183.42美元。
Spotify技术公司简介
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Spotify Technology SA及其子公司在全球范围内提供音频流服务。它通过高级和广告支持的细分市场运营。Premium部分提供对其音乐和播客目录的无限制的线上和线下流媒体访问，而不向其订阅者提供商业中断。
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