Alecta Tjanstepension Omsesidigt lessened its position in shares of Spotify Technology S.A. (NYSE:SPOT – Free Report) by 26.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 923,400 shares of the company’s stock after selling 339,000 shares during the quarter. Spotify Technology accounts for 2.2% of Alecta Tjanstepension Omsesidigt’s portfolio, making the stock its 14th largest position. Alecta Tjanstepension Omsesidigt owned approximately 0.46% of Spotify Technology worth $412,843,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the company. WCM Investment Management LLC grew its holdings in Spotify Technology by 18.5% during the third quarter. WCM Investment Management LLC now owns 3,873,625 shares of the company’s stock worth $1,430,142,000 after acquiring an additional 605,755 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Spotify Technology by 3.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,492,170 shares of the company’s stock worth $1,286,969,000 after purchasing an additional 102,786 shares during the period. Jennison Associates LLC purchased a new position in shares of Spotify Technology during the 4th quarter valued at approximately $1,335,575,000. State Street Corp lifted its stake in shares of Spotify Technology by 1.5% in the 3rd quarter. State Street Corp now owns 1,997,323 shares of the company’s stock valued at $736,073,000 after purchasing an additional 28,864 shares during the period. Finally, FMR LLC boosted its holdings in Spotify Technology by 23.4% during the third quarter. FMR LLC now owns 1,567,818 shares of the company’s stock worth $577,788,000 after buying an additional 297,035 shares in the last quarter. 84.09% of the stock is owned by institutional investors and hedge funds.
Spotify Technology Stock Up 2.4 %
NYSE:SPOT opened at $602.53 on Thursday. Spotify Technology S.A. has a 52 week low of $249.38 and a 52 week high of $652.63. The stock’s fifty day moving average is $531.23 and its two-hundred day moving average is $442.02. The company has a market capitalization of $119.94 billion, a P/E ratio of 101.27 and a beta of 1.63.
Wall Street Analysts Forecast Growth
View Our Latest Report on Spotify Technology
About Spotify Technology
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.
Featured Articles
- Five stocks we like better than Spotify Technology
- What is the Dow Jones Industrial Average (DJIA)?
- Regeneron: Is It the Perfect Biotech Stock for Value and Growth?
- ETF Screener: Uses and Step-by-Step Guide
- Axon: Long-Term Outlook Is Strong Despite Federal Budget Worries
- Trading Halts Explained
- 3 Stocks Powering the Future of Autonomous Driving
Want to see what other hedge funds are holding SPOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spotify Technology S.A. (NYSE:SPOT – Free Report).
Receive News & Ratings for Spotify Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spotify Technology and related companies with MarketBeat.com's FREE daily email newsletter.