<div id="readability-page-1"><p>Quantinno Capital Management LP raised its stake in  Spotify Technology (NYSE:SPOT - Free Report) by 17.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 48,696 shares of the company's stock after purchasing an additional 7,201 shares during the quarter. Quantinno Capital Management LP's holdings in Spotify Technology were worth $37,367,000 at the end of the most recent quarter.</p><div><p><span></span><span>Get <strong>Spotify Technology</strong> alerts:</span></p></div><ul><li>3 High Growth Revenue Stocks That Wall Street Loves</li></ul><p>Several other hedge funds also recently made changes to their positions in SPOT. Diversify Advisory Services LLC grew its holdings in  Spotify Technology by 7.5% in the 2nd quarter. Diversify Advisory Services LLC now owns 788 shares of the company's stock worth $605,000 after acquiring an additional 55 shares during the last quarter.  Napa Wealth Management boosted its holdings in shares of  Spotify Technology by 51.1% during the second quarter. Napa Wealth Management now owns 736 shares of the company's stock worth $565,000 after purchasing an additional 249 shares during the period.  Alliancebernstein L.P. grew its stake in shares of  Spotify Technology by 13.4% in the second quarter. Alliancebernstein L.P. now owns 271,774 shares of the company's stock worth $208,543,000 after purchasing an additional 32,130 shares during the last quarter.  Seven Mile Advisory grew its stake in shares of  Spotify Technology by 2.1% in the second quarter. Seven Mile Advisory now owns 1,488 shares of the company's stock worth $1,142,000 after purchasing an additional 30 shares during the last quarter.  Finally, HUB Investment Partners LLC bought a new position in  Spotify Technology during the 2nd quarter valued at approximately $446,000. 84.09% of the stock is owned by hedge funds and other institutional investors. </p><h2>Spotify Technology Stock Performance</h2><p>Shares of NYSE SPOT opened at $598.42 on Friday. The company has a 50 day simple moving average of $633.14 and a two-hundred day simple moving average of $677.62. Spotify Technology has a fifty-two week low of $443.21 and a fifty-two week high of $785.00. The company has a market capitalization of $123.21 billion, a price-to-earnings ratio of 94.09, a P/E/G ratio of 2.01 and a beta of 1.66. </p><ul><li>MarketBeat Week in Review – 11/03 - 11/07</li></ul><p>Spotify Technology (NYSE:SPOT - Get Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $3.83 earnings per share for the quarter, topping the consensus estimate of $1.87 by $1.96. Spotify Technology had a return on equity of 21.68% and a net margin of 8.46%.The company had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.23 billion. During the same quarter in the prior year, the business posted $1.45 EPS. The firm's quarterly revenue was up 7.1% compared to the same quarter last year.  On average, analysts forecast that  Spotify Technology will post 10.3 earnings per share for the current fiscal year. </p><h2>Wall Street Analyst Weigh In</h2><p>A number of equities research analysts have recently weighed in on SPOT shares. BNP Paribas upgraded Spotify Technology to a &#34;strong-buy&#34; rating in a research report on Tuesday, September 16th. Weiss Ratings  reissued a &#34;hold (c+)&#34; rating on shares of Spotify Technology in a research report on Monday. Rosenblatt Securities dropped their target price on shares of Spotify Technology from $700.00 to $670.00 and set a &#34;neutral&#34; rating for the company in a research report on Wednesday, November 5th. Guggenheim decreased their price target on shares of Spotify Technology from $850.00 to $800.00 and set a &#34;buy&#34; rating for the company in a research note on Wednesday, November 5th. Finally, Argus started coverage on Spotify Technology in a research report on Monday, September 29th. They set a &#34;buy&#34; rating and a $845.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued  a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat.com, Spotify Technology currently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $758.86.</p><ul><li>Spotify Posts Huge EPS Beat: Shares Are Still Down Big From Highs</li></ul><p><b>Check Out Our Latest Report 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>Featured Articles</h2><ul><li>Five stocks we like better than Spotify Technology</li><li>What Are the FAANG Stocks and Are They Good Investments?</li><li>Dividend Powerhouses: 3 Blue-Chip Stocks Built for the Long Haul</li><li>High Flyers: 3 Natural Gas Stocks for March 2022</li><li>3 Recently Downgraded Stocks to Avoid in 2026</li><li>Biggest Stock Losers - Today’s Biggest Percentage Decliners</li><li>The Chip Boom Is Back: 3 Stocks Positioned for Huge Gains</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 reporting and unbiased coverage. 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>Quantinno Capital Management LP increased its stake in Spotify Technology by 17.4% in Q2, owning 48,696 shares worth $37.37 million. Other hedge funds also adjusted their positions in SPOT. Analysts have mixed ratings, with a consensus target price of $758.86. Spotify's Q3 earnings beat estimates, reporting $3.83 EPS and $5.01 billion revenue, up 7.1% year-over-year.</p>

Quantinno Capital Management LP Raises Holdings in Spotify Technology $SPOT