Index Venture Associates III Ltd purchased a new position in STUB (NYSE:STUB – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,296,550 shares of the company’s stock, valued at approximately $85,192,000. STUB comprises 100.0% of Index Venture Associates III Ltd’s investment portfolio, making the stock its largest position.
A number of other hedge funds have also recently made changes to their positions in the stock. Wells Fargo & Company MN grew its holdings in shares of STUB by 27,039.3% in the fourth quarter. Wells Fargo & Company MN now owns 271,393 shares of the company’s stock worth $3,672,000 after purchasing an additional 270,393 shares during the last quarter. WestCap Management LLC bought a new position in shares of STUB in the fourth quarter worth about $429,370,000. Bank of Montreal Can bought a new position in shares of STUB in the fourth quarter worth about $492,000. Empowered Funds LLC bought a new position in shares of STUB in the fourth quarter worth about $1,657,000. Finally, Cerity Partners LLC bought a new position in shares of STUB in the fourth quarter worth about $150,000.
Analysts Set New Price Targets
A number of research analysts have recently commented on STUB shares. Craig Hallum cut shares of STUB from a “hold” rating to a “hold” rating in a report on Tuesday, May 19th. Citigroup started coverage on shares of STUB in a report on Tuesday, May 19th. They issued a “buy” rating on the stock. HSBC upgraded shares of STUB to a “buy” rating in a report on Tuesday, May 19th. Guggenheim reaffirmed a “buy” rating on shares of STUB in a research note on Friday. Finally, Oppenheimer lowered their price objective on shares of STUB from $20.00 to $12.00 and set an “outperform” rating for the company in a research note on Thursday, March 5th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $11.50.
STUB Stock Performance
STUB stock opened at $11.37 on Friday. The stock has a market capitalization of $4.27 billion and a price-to-earnings ratio of -18.95. The firm’s 50-day moving average price is $8.24. STUB has a one year low of $5.74 and a one year high of $27.89. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.96.
STUB (NYSE:STUB – Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.07. The firm had revenue of $446.05 million for the quarter. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities analysts predict that STUB will post 0.56 earnings per share for the current fiscal year.
Insider Activity at STUB
In other STUB news, insider Mark Streams sold 232,567 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $9.04, for a total transaction of $2,102,405.68. Following the completion of the sale, the insider directly owned 1,114,001 shares of the company’s stock, valued at approximately $10,070,569.04. This represents a 17.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 236,666 shares of company stock worth $2,134,096 over the last ninety days.
STUB Profile
Stubhub Holdings Inc, through its subsidiaries, provides an online marketplace to buy and sell tickets for sports, concerts, theater, festivals and other live events. Stubhub Holdings Inc is based in NEW YORK.
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