Noked Israel Ltd Buys 2,341 Shares of Spotify Technology S.A. (NYSE:SPOT)

Noked Israel Ltd lifted its holdings in shares of Spotify Technology S.A. (NYSE:SPOT – Get Rating) by 124.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,216 shares of the company’s stock after purchasing an additional 2,341 shares during the period. Noked Israel Ltd’s holdings in Spotify Technology were worth $987,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. UMB Bank N A MO bought a new stake in shares of Spotify Technology during the 4th quarter valued at about $26,000. Lazard Asset Management LLC bought a new stake in shares of Spotify Technology during the 4th quarter valued at about $26,000. MUFG Americas Holdings Corp bought a new stake in shares of Spotify Technology during the 4th quarter valued at about $29,000. IFP Advisors Inc boosted its position in shares of Spotify Technology by 71.6% during the 4th quarter. IFP Advisors Inc now owns 151 shares of the company’s stock valued at $35,000 after purchasing an additional 63 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Spotify Technology by 55.0% during the 4th quarter. Fifth Third Bancorp now owns 155 shares of the company’s stock valued at $36,000 after purchasing an additional 55 shares in the last quarter. Institutional investors own 56.36% of the company’s stock.

Shares of SPOT stock traded up $1.50 on Friday, reaching $107.27. The company’s stock had a trading volume of 1,856,315 shares, compared to its average volume of 3,094,605. Spotify Technology S.A. has a 12-month low of $89.03 and a 12-month high of $305.60. The company has a market capitalization of $20.40 billion, a P/E ratio of -151.08 and a beta of 1.80. The stock’s 50 day simple moving average is $126.17 and its 200-day simple moving average is $180.19.

Spotify Technology (NYSE:SPOT – Get Rating) last released its quarterly earnings results on Wednesday, April 27th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.40. Spotify Technology had a return on equity of 3.02% and a net margin of 0.68%. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter last year, the business posted ($0.30) earnings per share. The company’s revenue for the quarter was up 23.9% on a year-over-year basis. On average, analysts predict that Spotify Technology S.A. will post -0.59 earnings per share for the current fiscal year.

SPOT has been the topic of a number of research reports. Atlantic Securities dropped their price target on Spotify Technology from $370.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, February 3rd. Morgan Stanley dropped their price target on Spotify Technology from $300.00 to $225.00 and set an “overweight” rating on the stock in a research note on Friday, April 8th. Loop Capital dropped their price target on Spotify Technology from $280.00 to $110.00 in a research note on Thursday, April 28th. Citigroup dropped their price target on Spotify Technology from $240.00 to $165.00 in a research note on Friday, April 29th. Finally, Evercore ISI dropped their price target on Spotify Technology from $365.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, February 3rd. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Spotify Technology presently has an average rating of “Hold” and an average target price of $214.31.

Spotify Technology Company Profile (Get Rating)

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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