Kistler Tiffany Companies LLC raised its position in Spotify (NYSE:SPOT) by 109.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,492 shares of the company’s stock after acquiring an additional 781 shares during the quarter. Kistler Tiffany Companies LLC’s holdings in Spotify were worth $198,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Spotify by 64.9% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 254 shares of the company’s stock valued at $29,000 after acquiring an additional 100 shares during the period. NEXT Financial Group Inc boosted its position in shares of Spotify by 12.8% during the 3rd quarter. NEXT Financial Group Inc now owns 978 shares of the company’s stock worth $111,000 after purchasing an additional 111 shares in the last quarter. Raymond James Trust N.A. boosted its position in shares of Spotify by 5.9% during the 3rd quarter. Raymond James Trust N.A. now owns 2,680 shares of the company’s stock worth $306,000 after purchasing an additional 149 shares in the last quarter. Stansberry Asset Management LLC boosted its position in shares of Spotify by 1.3% during the 2nd quarter. Stansberry Asset Management LLC now owns 14,124 shares of the company’s stock worth $2,065,000 after purchasing an additional 179 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Spotify by 5.2% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 6,983 shares of the company’s stock worth $1,021,000 after purchasing an additional 348 shares in the last quarter. Institutional investors own 49.14% of the company’s stock.

Shares of Spotify stock traded down $1.47 on Tuesday, hitting $149.40. 1,048,027 shares of the company’s stock traded hands, compared to its average volume of 1,163,025. The stock has a market cap of $26.80 billion, a P/E ratio of -249.00 and a beta of 1.91. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average is $149.52 and its 200 day moving average is $137.32. Spotify has a 52-week low of $110.57 and a 52-week high of $161.38.

Spotify (NYSE:SPOT) last released its earnings results on Monday, October 28th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.76. Spotify had a return on equity of 22.12% and a net margin of 7.32%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the business posted $0.23 EPS. The business’s revenue was up 28.0% on a year-over-year basis. Equities research analysts forecast that Spotify will post -0.9 EPS for the current year.

SPOT has been the subject of a number of research analyst reports. Canaccord Genuity upped their price objective on shares of Spotify from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Credit Suisse Group raised shares of Spotify from an “underperform” rating to a “neutral” rating and set a $120.00 price objective for the company in a research note on Tuesday, October 1st. Rosenblatt Securities set a $184.00 price objective on shares of Spotify and gave the company a “buy” rating in a research note on Sunday, September 29th. Royal Bank of Canada upped their price objective on shares of Spotify from $185.00 to $195.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Finally, Sanford C. Bernstein started coverage on shares of Spotify in a research report on Wednesday, January 8th. They set an “underperform” rating and a $127.00 target price for the company. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Spotify presently has a consensus rating of “Hold” and an average target price of $158.58.

About Spotify

Spotify Technology SA, together with its subsidiaries, provides music streaming services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers commercial-free music services to subscribers comprising unlimited online and offline high-quality streaming access to its catalog.

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Institutional Ownership by Quarter for Spotify (NYSE:SPOT)

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