Vestcor Inc bought a new position in Spotify Technology S.A. (NYSE:SPOT – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,294 shares of the company’s stock, valued at approximately $1,026,000.
A number of other large investors have also bought and sold shares of SPOT. Auxano Advisors LLC grew its position in shares of Spotify Technology by 2.5% in the fourth quarter. Auxano Advisors LLC now owns 828 shares of the company’s stock valued at $370,000 after purchasing an additional 20 shares in the last quarter. SRS Capital Advisors Inc. grew its position in shares of Spotify Technology by 4.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 573 shares of the company’s stock valued at $256,000 after purchasing an additional 25 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of Spotify Technology by 5.8% in the third quarter. First Horizon Advisors Inc. now owns 478 shares of the company’s stock valued at $176,000 after purchasing an additional 26 shares in the last quarter. Cookson Peirce & Co. Inc. grew its position in shares of Spotify Technology by 1.9% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,467 shares of the company’s stock valued at $656,000 after purchasing an additional 27 shares in the last quarter. Finally, Joel Isaacson & Co. LLC grew its position in shares of Spotify Technology by 1.9% in the fourth quarter. Joel Isaacson & Co. LLC now owns 1,559 shares of the company’s stock valued at $697,000 after purchasing an additional 29 shares in the last quarter. 84.09% of the stock is owned by hedge funds and other institutional investors.
Spotify Technology Stock Performance
SPOT stock opened at $576.02 on Friday. Spotify Technology S.A. has a fifty-two week low of $249.58 and a fifty-two week high of $652.63. The business’s 50 day moving average price is $555.35 and its two-hundred day moving average price is $460.27. The company has a market capitalization of $117.92 billion, a price-to-earnings ratio of 96.81 and a beta of 1.66.
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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.
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