Kistler Tiffany Companies LLC lifted its position in shares of Spotify (NYSE:SPOT) by 109.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,492 shares of the company’s stock after acquiring an additional 781 shares during the period. Kistler Tiffany Companies LLC’s holdings in Spotify were worth $198,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of SPOT. Patriot Financial Group Insurance Agency LLC increased its holdings in Spotify by 64.9% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 254 shares of the company’s stock valued at $29,000 after acquiring an additional 100 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Spotify during the 3rd quarter worth approximately $42,000. CNB Bank raised its stake in shares of Spotify by 490.7% during the 3rd quarter. CNB Bank now owns 443 shares of the company’s stock worth $51,000 after acquiring an additional 368 shares in the last quarter. Quest Capital Management Inc. ADV bought a new position in shares of Spotify during the 3rd quarter worth approximately $74,000. Finally, AdvisorNet Financial Inc raised its stake in shares of Spotify by 191.5% during the 3rd quarter. AdvisorNet Financial Inc now owns 653 shares of the company’s stock worth $74,000 after acquiring an additional 429 shares in the last quarter. Institutional investors own 49.14% of the company’s stock.

Several research firms recently commented on SPOT. Canaccord Genuity boosted their price objective on shares of Spotify from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Zacks Investment Research lowered shares of Spotify from a “buy” rating to a “hold” rating in a research note on Saturday. Nomura reiterated a “buy” rating and set a $180.00 price objective on shares of Spotify in a research note on Monday, January 6th. Stifel Nicolaus restated a “buy” rating and set a $175.00 price target on shares of Spotify in a research note on Monday, October 28th. Finally, Morgan Stanley restated a “buy” rating and set a $180.00 price target on shares of Spotify in a research note on Wednesday, January 8th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $158.58.

Shares of NYSE:SPOT traded down $1.47 during midday trading on Tuesday, reaching $149.40. The company’s stock had a trading volume of 1,048,027 shares, compared to its average volume of 1,163,025. The firm has a market capitalization of $26.80 billion, a PE ratio of -249.00 and a beta of 1.91. Spotify has a twelve month low of $110.57 and a twelve month high of $161.38. The stock has a fifty day moving average of $149.52 and a 200 day moving average of $137.32. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.32.

Spotify (NYSE:SPOT) last released its quarterly earnings data on Monday, October 28th. The company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.40) by $0.76. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. Spotify had a net margin of 7.32% and a return on equity of 22.12%. The business’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 earnings per share. Sell-side analysts anticipate that Spotify will post -0.9 earnings per share for the current fiscal year.

Spotify Profile

Spotify Technology SA, together with its subsidiaries, provides music streaming services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers commercial-free music services to subscribers comprising unlimited online and offline high-quality streaming access to its catalog.

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Institutional Ownership by Quarter for Spotify (NYSE:SPOT)

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