Rakuten Securities Inc. boosted its position in shares of Spotify Technology S.A. (NYSE:SPOT – Free Report) by 40.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 111 shares of the company’s stock after purchasing an additional 32 shares during the quarter. Rakuten Securities Inc.’s holdings in Spotify Technology were worth $41,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of SPOT. Transcendent Capital Group LLC bought a new position in shares of Spotify Technology during the second quarter worth $25,000. Benjamin Edwards Inc. lifted its holdings in Spotify Technology by 214.8% during the second quarter. Benjamin Edwards Inc. now owns 85 shares of the company’s stock worth $27,000 after acquiring an additional 58 shares in the last quarter. Mather Group LLC. lifted its holdings in Spotify Technology by 9,900.0% during the second quarter. Mather Group LLC. now owns 100 shares of the company’s stock worth $31,000 after acquiring an additional 99 shares in the last quarter. Asset Dedication LLC acquired a new position in Spotify Technology in the second quarter valued at about $35,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Spotify Technology in the second quarter worth about $39,000. Institutional investors own 84.09% of the company’s stock.
Spotify Technology Trading Up 2.2 %
Shares of Spotify Technology stock opened at $419.32 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.56 and a quick ratio of 1.56. The business has a fifty day simple moving average of $367.88 and a two-hundred day simple moving average of $333.81. Spotify Technology S.A. has a 1 year low of $169.02 and a 1 year high of $420.00. The company has a market capitalization of $83.47 billion, a price-to-earnings ratio of 171.15 and a beta of 1.56.
Analyst Ratings Changes
View Our Latest Stock Analysis on Spotify Technology
Spotify Technology Company Profile
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.
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