Baillie Gifford Reduces $54M in Spotify Technology S.A. ($SPOT)
Key Points
- Baillie Gifford changed its Spotify Technology S.A. ($SPOT) stake by 1.4% last quarter, cutting to 8,218,203 shares worth $3.96 billion.
- Wall Street's consensus rating on $SPOT is Buy and an average price target of $607.24.
- $SPOT last traded around $482.00.
Baillie Gifford trimmed its position in Spotify Technology S.A. ($SPOT) by 1.4% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,218,203 shares of Spotify Technology S.A. after selling 112,901 shares during the quarter. Baillie Gifford's holdings in Spotify Technology S.A. were worth $3.96 billion as of its most recent filing.
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About Spotify Technology S.A.
Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates in two segments, Premium and Ad-Supported. The Premium segment offers online and offline streaming access to its catalog of music and podcasts, including video, lossless music, and audiobooks in select markets through subscription offerings primarily sold directly to end users and partners. The Ad-Supported segment provides limited on-demand online access to its catalog of music and online and offline access to its catalog of podcasts on computers, tablets, mobile devices, and other smart devices. The company also offers sales, distribution and marketing, contract research and development, and customer and other support services. Spotify Technology S.A. was incorporated in 2006 and is headquartered in Stockholm, Sweden.
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