Capital World Investors Sells 3,875,170 Shares of STUB $STUB

Capital World Investors decreased its holdings in shares of STUB (NYSE:STUB) by 77.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,109,422 shares of the company’s stock after selling 3,875,170 shares during the period. Capital World Investors’ holdings in STUB were worth $15,010,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Research Global Investors purchased a new stake in STUB in the fourth quarter worth $106,887,000. Capital International Investors purchased a new stake in STUB in the fourth quarter worth $55,235,000. Norges Bank purchased a new stake in STUB in the fourth quarter worth $23,678,000. CWM LLC lifted its stake in STUB by 56,638.1% in the fourth quarter. CWM LLC now owns 276,882 shares of the company’s stock worth $3,746,000 after acquiring an additional 276,394 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in STUB in the fourth quarter worth $1,044,000.

Insider Activity

In other news, insider Mark Streams sold 232,567 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders sold 235,799 shares of company stock valued at $2,125,140.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. HSBC raised STUB to a “buy” rating in a research note on Tuesday, May 19th. Morgan Stanley raised their price target on STUB from $8.25 to $8.75 and gave the stock an “equal weight” rating in a research note on Thursday, May 14th. Sanford C. Bernstein raised STUB to an “outperform” rating in a research note on Tuesday, May 19th. BMO Capital Markets lowered STUB from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 19th. Finally, Wall Street Zen raised STUB from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Five investment 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $11.32.

STUB Stock Performance

Shares of NYSE:STUB opened at $10.36 on Wednesday. STUB has a 52-week low of $5.74 and a 52-week high of $27.89. The company has a market cap of $3.89 billion and a price-to-earnings ratio of -17.27. The stock has a 50 day moving average price of $7.96. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10.

STUB (NYSE:STUB) last announced its earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.07. The firm had revenue of $446.05 million during the quarter. STUB’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, equities analysts forecast that STUB will post 0.48 EPS for the current fiscal year.

STUB Company 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.