Index Venture Associates III Ltd Invests $85.19 Million in STUB $STUB

Index Venture Associates III Ltd bought a new position in STUB (NYSE:STUB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,296,550 shares of the company’s stock, valued at approximately $85,192,000. STUB makes up about 100.0% of Index Venture Associates III Ltd’s holdings, making the stock its biggest holding. Index Venture Associates III Ltd owned approximately 1.71% of STUB at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of STUB. WestCap Management LLC purchased a new position in shares of STUB in the fourth quarter worth $429,370,000. Capital Research Global Investors purchased a new position in shares of STUB in the fourth quarter worth $106,887,000. Capital International Investors purchased a new position in shares of STUB in the fourth quarter worth $55,235,000. Norges Bank purchased a new position in shares of STUB in the fourth quarter worth $23,678,000. Finally, CWM LLC lifted its holdings in shares of 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 buying an additional 276,394 shares in the last quarter.

STUB Stock Up 7.1%

STUB stock opened at $11.37 on Friday. 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 has a twelve month low of $5.74 and a twelve month high of $27.89. The company has a market capitalization of $4.27 billion and a PE ratio of -18.95. The company’s fifty day moving average price is $8.24.

STUB (NYSE:STUB) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. The firm had revenue of $446.05 million for the quarter. The company’s revenue was up 12.2% on a year-over-year basis. As a group, equities research analysts expect that STUB will post 0.56 EPS for the current year.

Insiders Place Their Bets

In other STUB news, insider Mark Streams sold 232,567 shares of the business’s stock in a transaction on 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 transaction, the insider owned 1,114,001 shares in the company, valued at $10,070,569.04. The trade was a 17.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 236,666 shares of company stock worth $2,134,096 in the last quarter.

Analysts Set New Price Targets

STUB has been the topic of several research analyst reports. Morgan Stanley boosted their target price on shares of STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a report on Wednesday. Craig Hallum downgraded shares of STUB from a “hold” rating to a “hold” rating in a report on Tuesday, May 19th. HSBC raised shares of STUB to a “buy” rating in a report on Tuesday, May 19th. Wall Street Zen cut shares of STUB from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Wedbush restated a “neutral” rating and issued a $10.00 price target (down from $18.00) on shares of STUB in a research report on Thursday, March 5th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.50.

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.