<div id="readability-page-1"><p>Creekmur Asset Management LLC increased its holdings in shares of  Spotify Technology (NYSE:SPOT - Free Report) by 42,500.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities &amp; Exchange Commission. The firm owned 852 shares of the company's stock after buying an additional 850 shares during the period. Creekmur Asset Management LLC's holdings in Spotify Technology were worth $654,000 at the end of the most recent quarter.</p><ul><li>Get Exposure to Millennials' Purchasing Power With This ETF</li></ul><p>Several other large investors have also recently added to or reduced their stakes in the business. Jennison Associates LLC increased its stake in  Spotify Technology by 42.3% during the 1st quarter. Jennison Associates LLC now owns 4,247,940 shares of the company's stock worth $2,336,494,000 after buying an additional 1,262,614 shares during the period.  Massachusetts Financial Services Co. MA boosted its holdings in  Spotify Technology by 3.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,526,988 shares of the company's stock valued at $1,939,949,000 after purchasing an additional 112,553 shares during the period.  Goldman Sachs Group Inc. boosted its holdings in  Spotify Technology by 1,151.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,740,803 shares of the company's stock valued at $957,494,000 after purchasing an additional 1,601,653 shares during the period.  Northern Trust Corp boosted its holdings in  Spotify Technology by 10.3% in the first quarter. Northern Trust Corp now owns 1,574,482 shares of the company's stock valued at $866,012,000 after purchasing an additional 147,580 shares during the period.  Finally, Forsta AP Fonden boosted its holdings in  Spotify Technology by 12.6% in the first quarter. Forsta AP Fonden now owns 1,559,652 shares of the company's stock valued at $857,855,000 after purchasing an additional 174,700 shares during the period. 84.09% of the stock is owned by hedge funds and other institutional investors. </p><div><p><span></span><span>Get <strong>Spotify Technology</strong> alerts:</span></p></div><h2>Spotify Technology Price Performance</h2><p>NYSE SPOT opened at $655.82 on Friday. The firm's fifty day moving average price is $692.38 and its 200 day moving average price is $679.59. The company has a market capitalization of $134.25 billion, a price-to-earnings ratio of 159.18, a price-to-earnings-growth ratio of 3.51 and a beta of 1.67. Spotify Technology has a 12 month low of $376.04 and a 12 month high of $785.00. </p><ul><li>Spotify Could Surge Higher—Here’s the Hidden Earnings Signal</li></ul><p>Spotify Technology (NYSE:SPOT - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported ($0.42) EPS for the quarter, missing analysts' consensus estimates of $2.00 by ($2.42). Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The company had revenue of $4.94 billion during the quarter, compared to analysts' expectations of $4.29 billion. During the same period last year, the business earned $1.33 earnings per share. The company's quarterly revenue was up 10.1% on a year-over-year basis.  As a group, sell-side analysts forecast that  Spotify Technology will post 10.3 earnings per share for the current year. </p><h2>Analysts Set New Price Targets</h2><p>A number of research analysts recently issued reports on SPOT shares. KeyCorp decreased their target price on Spotify Technology from $860.00 to $830.00 and set an &#34;overweight&#34; rating for the company in a report on Wednesday, July 30th. Rosenblatt Securities increased their price objective on shares of Spotify Technology from $679.00 to $700.00 and gave the company a &#34;neutral&#34; rating in a research report on Wednesday. BNP Paribas Exane started coverage on shares of Spotify Technology in a research report on Tuesday, September 16th. They issued an &#34;outperform&#34; rating and a $900.00 price objective on the stock. Sanford C. Bernstein increased their price objective on shares of Spotify Technology from $825.00 to $840.00 and gave the company an &#34;outperform&#34; rating in a research report on Tuesday, July 8th. Finally, Oppenheimer increased their price objective on shares of Spotify Technology from $750.00 to $825.00 and gave the company an &#34;outperform&#34; rating in a research report on Monday, August 18th. One equities research analyst  has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have assigned  a Hold rating to the company's stock. According to MarketBeat.com, Spotify Technology  has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $731.81.</p><ul><li>Tencent Music Stock Outshines Spotify as China’s Music Giant</li></ul><p><b>Get Our Latest Stock 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>Further Reading</h2><ul><li>Five stocks we like better than Spotify Technology</li><li>3 Healthcare Dividend Stocks to Buy</li><li>Why Microsoft's Post-Earnings Dip Is a Buy-the-Pause Moment</li><li>What is a support level?</li><li>NVIDIA’s Billion-Dollar Bet Puts Nokia Back in the Growth Game</li><li>How to Effectively Use the MarketBeat Ratings Screener</li><li>Hold Ratings, High Rewards? 3 Stocks That Could Defy Expectations</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. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Spotify Technology Right Now?</h2><p>Before you consider Spotify Technology, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Spotify Technology wasn't on the list.</p><p>While Spotify Technology currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SPOT

<p>Creekmur Asset Management LLC significantly increased its stake in Spotify Technology (NYSE:SPOT) by 42,500% during Q2, now holding 852 shares valued at $654,000. Other investors like Jennison Associates and Goldman Sachs also boosted their stakes. Spotify's stock opened at $655.82, with a market cap of $134.25 billion. The company reported a revenue of $4.94 billion but missed EPS estimates. Analysts have mixed ratings, with a consensus rating of "Moderate Buy" and an average target price of $731.81.</p>

Creekmur Asset Management LLC Increases Stake in Spotify Technology $SPOT