Capital Research Global Investors Buys Shares of 7,900,000 STUB $STUB

Capital Research Global Investors bought a new stake in STUB (NYSE:STUB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,900,000 shares of the company’s stock, valued at approximately $106,887,000. Capital Research Global Investors owned 2.15% of STUB as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STUB. Cornerstone Wealth Management LLC raised its holdings in shares of STUB by 20.0% in the 4th quarter. Cornerstone Wealth Management LLC now owns 36,440 shares of the company’s stock valued at $493,000 after buying an additional 6,070 shares during the period. Garner Asset Management Corp purchased a new stake in shares of STUB in the 4th quarter valued at $92,000. International Assets Investment Management LLC purchased a new stake in shares of STUB in the 4th quarter valued at $149,000. Intellectus Partners LLC purchased a new stake in shares of STUB in the 4th quarter valued at $467,000. Finally, Cibc World Market Inc. purchased a new stake in shares of STUB in the 4th quarter valued at $575,000.

Wall Street Analyst Weigh In

STUB has been the topic of several research analyst reports. HSBC upgraded STUB to a “buy” rating in a report on Tuesday, May 19th. Citigroup initiated coverage on STUB in a report on Tuesday, May 19th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. boosted their price objective on STUB from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Wedbush reiterated a “neutral” rating and issued a $10.00 price objective (down from $18.00) on shares of STUB in a report on Thursday, March 5th. Finally, Morgan Stanley boosted their price objective on STUB from $8.25 to $8.75 and gave the company an “equal weight” rating in a report on Thursday, May 14th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, STUB currently has an average rating of “Hold” and an average target price of $11.32.

Insider Buying and Selling at STUB

In related news, insider Scott Michael Fitzgerald sold 28,387 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $7.66, for a total transaction of $217,444.42. Following the completion of the transaction, the insider directly owned 77,961 shares of the company’s stock, valued at $597,181.26. The trade was a 26.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark Streams sold 232,567 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $9.04, for a total value of $2,102,405.68. Following the transaction, the insider directly owned 1,114,001 shares of the company’s stock, valued at $10,070,569.04. The trade was a 17.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 264,186 shares of company stock valued at $2,342,584 over the last three months.

STUB Price Performance

STUB opened at $10.00 on Tuesday. STUB has a 12 month low of $5.74 and a 12 month high of $27.89. The firm has a market cap of $3.75 billion and a PE ratio of -16.66. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10. The business’s fifty day moving average is $7.88.

STUB (NYSE:STUB) last released its earnings results on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.07. The company had revenue of $446.05 million for the quarter. The firm’s revenue was up 12.2% compared to the same quarter last year. On average, research analysts anticipate that STUB will post 0.48 earnings per share for the current year.

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.