<div id="readability-page-1"><p>Sequoia Financial Advisors LLC lessened its stake in shares of Spotify Technology S.A. (NYSE:SPOT - Free Report) by 77.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 863 shares of the company's stock after selling 2,906 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Spotify Technology were worth $228,000 at the end of the most recent reporting period.</p><div><p><span></span><span>Get <strong>Spotify Technology</strong> alerts:</span></p></div><ul><li>T-Mobile Stock Short Sellers Face Looming Challenges: Here's Why</li></ul><p>Other large investors have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. acquired a new stake in Spotify Technology during the 4th quarter valued at $29,000. GAMMA Investing LLC acquired a new stake in Spotify Technology during the 4th quarter valued at $32,000. Lindbrook Capital LLC grew its holdings in Spotify Technology by 32.3% during the 4th quarter. Lindbrook Capital LLC now owns 205 shares of the company's stock valued at $39,000 after buying an additional 50 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Spotify Technology during the 1st quarter valued at $40,000. Finally, Quadrant Capital Group LLC lifted its stake in shares of Spotify Technology by 191.4% during the 4th quarter. Quadrant Capital Group LLC now owns 271 shares of the company's stock worth $51,000 after purchasing an additional 178 shares during the period. Institutional investors and hedge funds own 84.09% of the company's stock. </p><h2>Spotify Technology Stock Performance</h2><p>Shares of Spotify Technology stock opened at $311.55 on Wednesday. The business has a 50-day moving average of $307.81 and a 200-day moving average of $267.36. Spotify Technology S.A. has a 1-year low of $129.23 and a 1-year high of $331.08. </p><br/><ul><li>The Rate Cut Party is Postponed, Not for These Stocks</li></ul><p>Spotify Technology (NYSE:SPOT - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.42. The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.87 billion. Spotify Technology had a negative return on equity of 4.39% and a negative net margin of 0.80%. During the same period last year, the firm earned ($1.24) earnings per share. As a group, analysts predict that Spotify Technology S.A. will post 4.96 EPS for the current fiscal year. </p><h2>Analyst Ratings Changes</h2><p>A number of research analysts have weighed in on the company. Piper Sandler reissued a &#34;neutral&#34; rating and set a $320.00 price target (up previously from $300.00) on shares of Spotify Technology in a research note on Wednesday, April 24th. Raymond James increased their price target on Spotify Technology from $260.00 to $320.00 and gave the stock an &#34;outperform&#34; rating in a research note on Monday, April 15th. Canaccord Genuity Group increased their price target on Spotify Technology from $315.00 to $330.00 and gave the stock a &#34;buy&#34; rating in a research note on Monday, April 22nd. JPMorgan Chase &amp; Co. increased their price target on Spotify Technology from $365.00 to $375.00 and gave the stock an &#34;overweight&#34; rating in a research note on Tuesday, June 4th. Finally, Citigroup increased their price target on Spotify Technology from $255.00 to $310.00 and gave the stock a &#34;neutral&#34; rating in a research note on Tuesday, May 7th. Eight research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $311.88.</p><ul><li>Stocks With Subscription Based Revenue Offer Inflation Protection</li></ul><p><b>Read Our Latest Analysis on SPOT</b></p><h2>Spotify Technology Profile</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Spotify Technology</li><li>How to Calculate Stock Profit </li><li>3 Insider-Buy Stocks to Add to Your Watchlist Now</li><li>How to Calculate Inflation Rate</li><li>Commvault Stock: AI Cybersecurity Giant Ready to Double Again</li><li>Best Aerospace Stocks Investing </li><li>Intuit Stock Ready to Soar: RBC Sees Big Upside with GenAI</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNQT1Q?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNQT1Q"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. 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SPOT

<p>Sequoia Financial Advisors LLC has reduced its stake in Spotify Technology S.A. by 77.1% during the first quarter. Other investors have also bought and sold shares of the company. Spotify Technology's stock performance has been positive, with a 1-year high of $331.08. Analysts have given the stock a consensus rating of "Moderate Buy" with an average target price of $311.88. Spotify Technology provides audio streaming subscription services worldwide.</p>

Spotify Technology S.A. (NYSE:SPOT) Shares Sold by Sequoia Financial Advisors LLC