FDx Advisors Inc. Has $843,000 Stock Position in Spotify Technology S.A. (NYSE:SPOT)

FDx Advisors Inc. boosted its position in shares of Spotify Technology S.A. (NYSE:SPOT) by 6.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,884 shares of the company’s stock after purchasing an additional 118 shares during the period. FDx Advisors Inc.’s holdings in Spotify Technology were worth $843,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Aigen Investment Management LP boosted its position in Spotify Technology by 42.4% during the third quarter. Aigen Investment Management LP now owns 9,800 shares of the company’s stock valued at $3,612,000 after purchasing an additional 2,918 shares during the last quarter. Jennison Associates LLC acquired a new stake in shares of Spotify Technology in the fourth quarter worth about $1,335,575,000. Marks Group Wealth Management Inc acquired a new stake in shares of Spotify Technology in the fourth quarter worth about $535,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Spotify Technology in the fourth quarter worth about $214,000. Finally, Pathway Capital Management LP lifted its position in shares of Spotify Technology by 23.8% in the third quarter. Pathway Capital Management LP now owns 57,340 shares of the company’s stock worth $21,132,000 after buying an additional 11,042 shares during the last quarter. Institutional investors and hedge funds own 84.09% of the company’s stock.

Spotify Technology Stock Down 1.0 %

Shares of SPOT opened at $636.52 on Friday. Spotify Technology S.A. has a 12-month low of $240.73 and a 12-month high of $652.63. The firm has a market capitalization of $126.70 billion, a price-to-earnings ratio of 106.98 and a beta of 1.63. The stock’s 50-day moving average price is $521.07 and its 200 day moving average price is $433.77.

Analysts Set New Price Targets

A number of analysts have weighed in on SPOT shares. Morgan Stanley boosted their price target on Spotify Technology from $550.00 to $670.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. Citigroup boosted their price target on Spotify Technology from $540.00 to $720.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. UBS Group boosted their price target on Spotify Technology from $485.00 to $540.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $480.00 price target (down previously from $490.00) on shares of Spotify Technology in a research report on Tuesday, January 28th. Finally, KeyCorp boosted their price target on Spotify Technology from $555.00 to $600.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, Spotify Technology presently has an average rating of “Moderate Buy” and an average target price of $529.43.

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.