Capital Research Global Investors Invests $106.89 Million in STUB $STUB

Capital Research Global Investors acquired a new position in shares of STUB (NYSE:STUB) in the 4th quarter, HoldingsChannel reports. The fund acquired 7,900,000 shares of the company’s stock, valued at approximately $106,887,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC boosted its position in shares of STUB by 56,638.1% during the 4th quarter. CWM LLC now owns 276,882 shares of the company’s stock worth $3,746,000 after acquiring an additional 276,394 shares in the last quarter. Thrive Capital Management LLC acquired a new position in shares of STUB during the 3rd quarter worth about $1,158,000. Baader Bank Aktiengesellschaft acquired a new position in shares of STUB during the 4th quarter worth about $1,015,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of STUB during the 4th quarter worth about $1,044,000. Finally, Cibc World Market Inc. acquired a new position in shares of STUB during the 4th quarter worth about $575,000.

STUB Stock Up 7.6%

Shares of NYSE STUB opened at $10.00 on Tuesday. The firm has a market cap of $3.75 billion and a PE ratio of -16.66. 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 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 earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share (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. The firm’s revenue was up 12.2% compared to the same quarter last year. Sell-side analysts anticipate that STUB will post 0.48 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on STUB shares. JPMorgan Chase & Co. upped their price objective on STUB from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Oppenheimer lowered their price objective on STUB from $20.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, March 5th. Citigroup started coverage on STUB in a research report on Tuesday, May 19th. They set a “buy” rating for the company. Sanford C. Bernstein raised STUB to an “outperform” rating in a research report on Tuesday, May 19th. Finally, BMO Capital Markets cut STUB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 19th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $11.32.

Insider Transactions at STUB

In related news, insider Scott Michael Fitzgerald sold 28,387 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $7.66, for a total value of $217,444.42. Following the completion of the sale, the insider directly owned 77,961 shares of the company’s stock, valued at $597,181.26. This represents a 26.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Streams sold 232,567 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $9.04, for a total value 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 trade represents a 17.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 264,186 shares of company stock valued at $2,342,584.

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.