<div id="readability-page-1"><p>Westwind Capital acquired a new stake in  Spotify Technology (NYSE:SPOT - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities &amp; Exchange Commission. The institutional investor  acquired 12,914 shares of the company's stock, valued at approximately $9,014,000. Spotify Technology comprises  1.9% of Westwind Capital's investment portfolio, making the stock its 21st largest position.</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 institutional investors and hedge funds have also bought and sold shares of SPOT. Heartwood Wealth Advisors LLC purchased a new position in shares of  Spotify Technology during the 3rd quarter valued at $27,000.  Knuff &amp; Co LLC purchased a new stake in  Spotify Technology in the 2nd quarter worth about $27,000.  Total Investment Management Inc. bought a new stake in  Spotify Technology in the 2nd quarter valued at about $29,000.  Sound Income Strategies LLC lifted its holdings in  Spotify Technology by 156.3% during the second quarter. Sound Income Strategies LLC now owns 41 shares of the company's stock valued at $31,000 after purchasing an additional 25 shares during the last quarter.  Finally, GFG Capital LLC bought a new position in  Spotify Technology during the second quarter worth about $33,000. 84.09% of the stock is owned by institutional investors. </p><h2>Spotify Technology Trading Down 0.6%</h2><p>Shares of SPOT opened at $578.65 on Tuesday. Spotify Technology has a 12-month low of $443.21 and a 12-month high of $785.00. The company has a market cap of $119.14 billion, a PE ratio of 90.98, a price-to-earnings-growth ratio of 1.90 and a beta of 1.66. The stock has a 50-day moving average price of $618.72 and a 200-day moving average price of $673.18. </p><ul><li>MarketBeat Week in Review – 11/03 - 11/07</li></ul><p>Spotify Technology (NYSE:SPOT - Get Free Report) last announced its earnings results on Tuesday, November 4th. The company reported $3.83 earnings per share for the quarter, beating analysts' consensus estimates of $1.87 by $1.96. Spotify Technology had a net margin of 8.46% and a return on equity of 21.68%. The business had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.23 billion. During the same period last year, the firm posted $1.45 earnings per share. Spotify Technology's quarterly revenue was up 7.1% on a year-over-year basis.  As a group, analysts predict that  Spotify Technology will post 10.3 earnings per share for the current year. </p><h2>Wall Street Analysts Forecast Growth</h2><p>SPOT has been the topic of several research reports. Phillip Securities raised shares of Spotify Technology from a &#34;hold&#34; rating to a &#34;moderate buy&#34; rating in a research report on Monday, November 10th. Benchmark lifted their price objective on shares of Spotify Technology from $800.00 to $860.00 and gave the company a &#34;buy&#34; rating in a research note on Wednesday, November 5th. Pivotal Research lowered their target price on shares of Spotify Technology from $900.00 to $875.00 and set a &#34;buy&#34; rating on the stock in a report on Wednesday, November 5th. DZ Bank upgraded Spotify Technology from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research report on Tuesday, November 4th. Finally, BNP Paribas Exane began coverage on Spotify Technology in a research report on Tuesday, September 16th. They issued an &#34;outperform&#34; rating and a $900.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned  a Buy rating and nine have assigned  a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $760.23.</p><ul><li>Spotify Posts Huge EPS Beat: Shares Are Still Down Big From Highs</li></ul><p><b>Read Our Latest Analysis on SPOT</b></p><h2>Spotify Technology Company Profile</h2> (Free Report)<p>Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.</p><h2>See Also</h2><ul><li>Five stocks we like better than Spotify Technology</li><li>Do not delete, read immediately</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li><li>Can Any Expenses Be Deducted From Capital Gains Tax?</li><li>Do you know what Amazon is planning for January 1?</li></ul><p><strong>Want to see what other hedge funds are holding SPOT?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spotify Technology (NYSE:SPOT - Free Report).</p><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>Westwind Capital acquired 12,914 shares of Spotify Technology, valued at $9,014,000, during the 3rd quarter. Spotify comprises 1.9% of Westwind's portfolio. Other investors also acquired shares. Spotify's stock opened at $578.65, with a market cap of $119.14 billion. Analysts forecast growth, with a consensus rating of "Moderate Buy" and a target price of $760.23. Spotify reported $3.83 EPS for the quarter, beating estimates. The company offers digital audio streaming services.</p>

12,914 Shares in Spotify Technology $SPOT Acquired by Westwind Capital