Stephens Group LLC Purchases 673,715 Shares of STUB $STUB

Stephens Group LLC lifted its position in STUB (NYSE:STUB) by 193.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,022,413 shares of the company’s stock after acquiring an additional 673,715 shares during the quarter. STUB makes up about 6.4% of Stephens Group LLC’s holdings, making the stock its 4th biggest holding. Stephens Group LLC owned 0.27% of STUB worth $13,158,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in STUB. WestCap Management LLC acquired a new stake in STUB during the 4th quarter valued at $429,370,000. Capital Research Global Investors purchased a new stake in shares of STUB in the fourth quarter valued at $106,887,000. Index Venture Associates III Ltd acquired a new stake in shares of STUB in the fourth quarter worth $85,192,000. PointState Capital LP boosted its position in shares of STUB by 19.9% in the fourth quarter. PointState Capital LP now owns 24,823,335 shares of the company’s stock worth $335,860,000 after buying an additional 4,117,332 shares during the period. Finally, Capital International Investors purchased a new position in shares of STUB during the fourth quarter valued at $55,235,000.

Insider Activity

In related news, insider Mark Streams sold 28,531 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $13.02, for a total value of $371,473.62. Following the completion of the sale, the insider owned 1,561,122 shares of the company’s stock, valued at approximately $20,325,808.44. The trade was a 1.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nayaab Islam sold 2,800 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $14.01, for a total value of $39,228.00. Following the completion of the transaction, the insider owned 8,451,964 shares in the company, valued at $118,412,015.64. This represents a 0.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 412,034 shares of company stock valued at $4,388,836. 30.97% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. BMO Capital Markets lowered STUB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 19th. Morgan Stanley raised their price objective on STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 10th. Citigroup reaffirmed a “neutral” rating on shares of STUB in a research note on Wednesday, July 15th. HSBC upgraded STUB to a “buy” rating in a report on Tuesday, May 19th. Finally, UBS Group started coverage on shares of STUB in a research report on Tuesday, May 19th. They issued a “neutral” rating for the company. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.50.

STUB Price Performance

STUB opened at $8.80 on Tuesday. The stock has a market cap of $3.30 billion and a price-to-earnings ratio of -14.67. STUB has a 1 year low of $5.74 and a 1 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. The stock has a fifty day moving average price of $10.46 and a 200 day moving average price of $9.37.

STUB (NYSE:STUB) last issued its earnings results 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. The company’s quarterly revenue was up 12.2% on a year-over-year basis. Analysts forecast that STUB will post 0.48 EPS for the current fiscal year.

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.