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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根據Flagship Harbor Advisors LLC最近提交給美國證券交易委員會的文件，該公司在第二季度增持了Spotify Technology S.A.(紐約證券交易所代碼：SPOT-Get Rating)的股份45.2%。該基金在本季度額外購買了1,097股後，持有該公司3524股股票。在最近的報告期結束時，旗艦公司Harbor Advisors LLC持有的Spotify Technology價值331,000美元。
其他機構投資者和對衝基金最近也增持或減持了該公司的股份。第一曼哈頓公司在第一季度增持了65.8%的Spotify Technology股票。第一曼哈頓公司現在持有該公司252股股票，價值38,000美元，在上個季度又購買了100股。鮑德温兄弟有限責任公司(Baldwin Brothers LLC MA)在第一季度增持了Spotify Technology的股票41.5%。鮑德温兄弟有限責任公司(Baldwin Brothers LLC MA)在上個季度額外購買了83股後，現在擁有283股該公司股票，價值4.3萬美元。MBM Wealth Consulters LLC在第一季度收購了價值約4.5萬美元的Spotify Technology股票的新頭寸。跨駿資本集團在第一季度增持了Spotify Technology的股票84.4%。跨駿資本集團現在持有該公司343股股票，價值51,000美元，上個季度又購買了157股。最後，BDO Wealth Advisors LLC在第一季度增持了82.5%的Spotify Technology股票。BDO Wealth Advisors LLC現在持有365股該公司股票，價值55,000美元，在上個季度又購買了165股。55.32%的股票目前由機構投資者和對衝基金持有。
到達Spotify技術警報：
Spotify科技股表現
上週五，現貨股票開盤報89.34美元。Spotify Technology S.A.的股價為88.69美元，為52周低點，52周高點為305.60美元。該股的50日移動均線切入位為109.93美元，200日移動均線切入位為114.52美元。
Spotify科技(紐約證券交易所代碼：Spot-Get Rating)最近一次發佈季度收益報告是在7月27日星期三。該公司公佈了該季度每股收益(EPS)(0.91美元)，低於(0.68美元)和(0.23美元)的普遍預期。Spotify Technology的淨利潤率為負0.24%，股本回報率為負1.15%。該公司本季度營收為28.6億美元，而分析師預期為28.2億美元。去年同期，該公司每股收益為0.23美元。與去年同期相比，該公司的收入增長了22.9%。分析人士預計，作為一個整體，Spotify Technology S.A.本財年的每股收益將達到2.03美元。
分析師評級發生變化
一些研究分析師最近對現貨股票發表了評論。富國銀行將Spotify科技的評級從減持上調至同等權重，並在6月15日週三的一份報告中將該股的目標價從101.00美元上調至124.00美元。6月9日，美國銀行在一份研究報告中將Spotify Technology的目標價從137.00美元上調至164.00美元，並給予該公司“買入”評級。7月28日，瑞銀集團在一份研究報告中將Spotify Technology的目標價從185.00美元下調至142.00美元，並將該公司的評級定為“中性”。25日，摩根士丹利在一份研究報告中將其對Spotify Technology的目標價從170.00美元下調至140.00美元，並對該公司設定了“增持”評級。最後，雷蒙德·詹姆斯在6月6日週一的一份研究報告中，將Spotify Technology的評級從“市場表現”上調至“表現優於大盤”，併為該公司設定了150.00美元的目標價。一位研究分析師對該股的評級為賣出，12位分析師給出了持有評級，13位分析師給出了該公司股票的買入評級。根據MarketBeat.com的數據，該股的平均評級為持有，平均目標價為183.42美元。
Spotify技術公司簡介
(獲取評級)
Spotify Technology SA及其子公司在全球範圍內提供音頻流服務。它通過高級和廣告支持的細分市場運營。Premium部分提供對其音樂和播客目錄的無限制的線上和線下流媒體訪問，而不向其訂閲者提供商業中斷。
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