Capital International Investors Invests $55.24 Million in STUB $STUB

Capital International Investors bought a new position in shares of STUB (NYSE:STUB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,082,393 shares of the company’s stock, valued at approximately $55,235,000. Capital International Investors owned 1.11% of STUB as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in STUB. Garner Asset Management Corp acquired a new stake in shares of STUB during the fourth quarter worth about $92,000. International Assets Investment Management LLC acquired a new stake in shares of STUB during the fourth quarter worth about $149,000. Intellectus Partners LLC acquired a new stake in shares of STUB during the fourth quarter worth about $467,000. Cornerstone Wealth Management LLC boosted its stake in shares of STUB by 20.0% during the fourth quarter. Cornerstone Wealth Management LLC now owns 36,440 shares of the company’s stock worth $493,000 after buying an additional 6,070 shares during the period. Finally, Cibc World Market Inc. acquired a new stake in shares of STUB during the fourth quarter worth about $575,000.

Insider Transactions at STUB

In other STUB news, insider Scott Michael Fitzgerald sold 28,387 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $7.66, for a total value of $217,444.42. Following the completion of the transaction, the insider directly owned 77,961 shares of the company’s stock, valued at approximately $597,181.26. This trade represents a 26.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction, the insider directly owned 1,114,001 shares of the company’s stock, valued at approximately $10,070,569.04. This trade represents a 17.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 264,186 shares of company stock valued at $2,342,584.

STUB Stock Up 7.6%

Shares of NYSE:STUB opened at $10.00 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market capitalization of $3.75 billion and a P/E ratio of -16.66. STUB has a 52 week low of $5.74 and a 52 week high of $27.89. The firm has a 50-day moving average price of $7.88.

STUB (NYSE:STUB) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. The firm had revenue of $446.05 million during the quarter. STUB’s quarterly revenue was up 12.2% on a year-over-year basis. Analysts expect that STUB will post 0.48 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on STUB shares. Craig Hallum lowered shares of STUB from a “hold” rating to a “hold” rating in a research report on Tuesday, May 19th. JPMorgan Chase & Co. increased their price target on shares of STUB from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Weiss Ratings restated a “sell (e+)” rating on shares of STUB in a research report on Thursday. HSBC upgraded shares of STUB to a “buy” rating in a research report on Tuesday, May 19th. Finally, Guggenheim upgraded shares of STUB from a “neutral” rating to a “buy” rating and raised their price objective for the company from $8.50 to $12.50 in a research report on Tuesday, May 19th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $11.32.

About STUB

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.