Who is the Top Investor In Spotify Technology S.A. (SPOT)?

750 institutions hold shares in Spotify Technology S.A. (SPOT), with 55.66M shares held by insiders accounting for 29.26% while institutional investors hold 84.60% of the company’s shares. The shares outstanding are 189.87M, and float is at 130.16M with Short Float at 2.60%. Institutions hold 59.85% of the Float.

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The top institutional shareholder in the company is Baillie Gifford and Company with over 20.8 million shares valued at $6.54 billion. The investor’s holdings represent 11.60% of the SPOT Shares outstanding. As of Sep 29, 2020, the second largest holder is Morgan Stanley with 17.94 million shares valued at $4.35 billion to account for 10.01% of the shares outstanding. The other top investors are Price (T.Rowe) Associates Inc which holds 13.39 million shares representing 7.47% and valued at over $3.25 billion, while Jennison Associates LLC holds 3.37% of the shares totaling 6.04 million with a market value of $1.9 billion.

Spotify Technology S.A. (NYSE: SPOT) is 11.20% higher on its value in year-to-date trading and has touched a low of $109.18 and a high of $370.95 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SPOT stock was last observed hovering at around $364.59 in the last trading session, with the day’s loss setting it -14.68% off its average median price target of $271.64 for the next 12 months. It is also 1.51% off the consensus price target high of $355.26 offered by 28 analysts, but current levels are -199.61% lower than the price target low of $116.79 for the same period.

Currently trading at $349.91, the stock is 4.54% and 5.56% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.52 million and changing -4.03% at the moment leaves the stock 31.73% off its SMA200. SPOT registered 138.12% gain for a year compared to 6-month gain of 29.92%. The firm has a 50-day simple moving average (SMA 50) of $333.86 and a 200-day simple moving average (SMA200) of $286.63.

The stock witnessed a 0.46% loss in the last 1 month and extending the period to 3 months gives it a 38.29%, and is 3.01% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.18% over the week and 4.77% over the month.

Spotify Technology S.A. (SPOT) has around 5584 employees, a market worth around $63.81B and $9.53B in sales. Profit margin for the company is -7.40%. Distance from 52-week low is 220.49% and -5.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.90%).

Spotify Technology S.A. (SPOT) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Spotify Technology S.A. (SPOT) is a “Hold”. 28 analysts offering their recommendations for the stock have an average rating of 2.70, where 10 rate it as a Hold and 1 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 6 analysts have rated the stock as a Sell or Underperform.

Spotify Technology S.A. is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at -$0.46 with sales reaching $2.62B over the same period.The EPS is expected to shrink by -201.30% this year, but quarterly earnings will post 19.70% year-over-year. Quarterly sales are estimated to grow 41.50% in year-over-year returns.

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