Pathway Capital Management LP boosted its position in shares of Spotify Technology S.A. (NYSE:SPOT – Free Report) by 23.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 57,340 shares of the company’s stock after purchasing an additional 11,042 shares during the quarter. Spotify Technology accounts for about 39.9% of Pathway Capital Management LP’s investment portfolio, making the stock its 2nd biggest holding. Pathway Capital Management LP’s holdings in Spotify Technology were worth $21,132,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the company. West Bancorporation Inc. grew its holdings in Spotify Technology by 3.4% during the third quarter. West Bancorporation Inc. now owns 827 shares of the company’s stock valued at $305,000 after purchasing an additional 27 shares during the period. Washington Trust Advisors Inc. grew its holdings in Spotify Technology by 12.0% during the third quarter. Washington Trust Advisors Inc. now owns 299 shares of the company’s stock valued at $110,000 after purchasing an additional 32 shares during the period. Custom Index Systems LLC grew its holdings in Spotify Technology by 3.0% during the third quarter. Custom Index Systems LLC now owns 1,150 shares of the company’s stock valued at $424,000 after purchasing an additional 33 shares during the period. Clearbridge Investments LLC grew its holdings in Spotify Technology by 0.6% during the first quarter. Clearbridge Investments LLC now owns 6,892 shares of the company’s stock valued at $1,819,000 after purchasing an additional 38 shares during the period. Finally, Cigna Investments Inc. New grew its holdings in Spotify Technology by 3.3% during the second quarter. Cigna Investments Inc. New now owns 1,260 shares of the company’s stock valued at $395,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 84.09% of the company’s stock.
Spotify Technology Trading Up 2.4 %
Shares of Spotify Technology stock opened at $410.23 on Tuesday. The company has a market capitalization of $81.66 billion, a price-to-earnings ratio of 167.44 and a beta of 1.56. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.31. Spotify Technology S.A. has a 12-month low of $169.02 and a 12-month high of $412.95. The firm’s 50-day moving average price is $366.54 and its two-hundred day moving average price is $332.96.
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Spotify Technology 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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