331,708 Shares in STUB $STUB Purchased by Galaxy Group Investments LLC

Galaxy Group Investments LLC bought a new position in shares of STUB (NYSE:STUB) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 331,708 shares of the company’s stock, valued at approximately $4,488,000. STUB makes up 0.5% of Galaxy Group Investments LLC’s portfolio, making the stock its 19th largest position.

A number of other institutional investors have also added to or reduced their stakes in the business. Empowered Funds LLC bought a new stake in shares of STUB in the 4th quarter valued at about $1,657,000. PointState Capital LP boosted its stake in shares of STUB by 19.9% during the fourth quarter. PointState Capital LP now owns 24,823,335 shares of the company’s stock valued at $335,860,000 after purchasing an additional 4,117,332 shares in the last quarter. Moore Capital Management LP purchased a new position in STUB during the fourth quarter valued at approximately $5,666,000. Engineers Gate Manager LP purchased a new position in STUB during the fourth quarter valued at approximately $161,000. Finally, Freestone Grove Partners LP bought a new position in STUB in the fourth quarter worth approximately $3,961,000.

Insiders Place Their Bets

In other news, insider Nayaab Islam sold 16,720 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $11.37, for a total transaction of $190,106.40. Following the completion of the sale, the insider owned 8,563,444 shares in the company, valued at approximately $97,366,358.28. This represents a 0.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mark Streams sold 232,567 shares of the firm’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 completion of the sale, 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 position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 253,386 shares of company stock worth $2,324,202. Insiders own 30.97% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Morgan Stanley upped their target price on STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 10th. Wedbush reiterated a “neutral” rating and issued a $10.00 price target (down from $18.00) on shares of STUB in a report on Thursday, March 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of STUB in a research report on Thursday, June 4th. Sanford C. Bernstein upgraded STUB to an “outperform” rating in a research note on Tuesday, May 19th. Finally, Craig Hallum downgraded STUB from a “hold” rating to a “hold” rating in a research report on Tuesday, May 19th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $11.50.

STUB Stock Down 0.1%

NYSE STUB opened at $11.66 on Friday. STUB has a 52 week low of $5.74 and a 52 week high of $27.89. The stock’s 50 day moving average price is $8.75. 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 company has a market cap of $4.38 billion and a price-to-earnings ratio of -19.44.

STUB (NYSE:STUB) last announced its earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate 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% compared to the same quarter last year. On average, equities research analysts anticipate that STUB will post 0.56 earnings per share 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.