TLDR:
- Exchange Traded Concepts LLC increased its position in Spotify Technology S.A. (NYSE:SPOT) by 32.4% in the 4th quarter.
- The firm owned 10,320 shares of the company’s stock after acquiring an additional 2,525 shares.
Exchange Traded Concepts LLC recently disclosed its increased position in Spotify Technology S.A. The firm acquired 2,525 additional shares in the 4th quarter, bringing their total holdings to 10,320 shares valued at $1,939,000. This move reflects a growing interest in the company among institutional investors, with several other large investors also modifying their holdings of SPOT. Analyst ratings for SPOT have been positive, with several brokerages boosting their price target on the stock. The company’s recent quarterly earnings data showed improvement, surpassing analyst expectations. Overall, the stock has received mostly buy ratings and has a promising outlook for future growth.
