Jane Street Group LLC Trims Position in Eventbrite, Inc. (NYSE:EB)

Jane Street Group LLC trimmed its stake in shares of Eventbrite, Inc. (NYSE:EB) by 21.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 401,984 shares of the company’s stock after selling 108,210 shares during the period. Jane Street Group LLC’s holdings in Eventbrite were worth $1,097,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers lifted its position in Eventbrite by 3.5% during the second quarter. Rhumbline Advisers now owns 112,477 shares of the company’s stock valued at $544,000 after purchasing an additional 3,829 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Eventbrite by 24.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,855 shares of the company’s stock valued at $140,000 after purchasing an additional 5,664 shares during the period. Harbor Capital Advisors Inc. increased its position in Eventbrite by 54.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,477 shares of the company’s stock valued at $64,000 after purchasing an additional 8,307 shares during the period. Quantbot Technologies LP purchased a new position in shares of Eventbrite in the 3rd quarter worth approximately $25,000. Finally, Covestor Ltd grew its position in shares of Eventbrite by 68.3% in the 3rd quarter. Covestor Ltd now owns 33,220 shares of the company’s stock worth $91,000 after buying an additional 13,483 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Eventbrite Stock Performance

NYSE:EB opened at $3.36 on Tuesday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56. The company has a fifty day moving average of $3.48 and a two-hundred day moving average of $3.68. The stock has a market capitalization of $325.52 million, a PE ratio of -37.33 and a beta of 2.27. Eventbrite, Inc. has a fifty-two week low of $2.51 and a fifty-two week high of $9.20.

Analyst Upgrades and Downgrades

Separately, BWS Financial reiterated a “buy” rating and issued a $7.00 target price on shares of Eventbrite in a research note on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Eventbrite has a consensus rating of “Hold” and an average target price of $6.58.

Insiders Place Their Bets

In related news, COO Charles Baker sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $3.55, for a total transaction of $71,000.00. Following the completion of the sale, the chief operating officer now directly owns 617,487 shares in the company, valued at approximately $2,192,078.85. This trade represents a 3.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 21.46% of the stock is currently owned by company insiders.

Eventbrite Company Profile

Eventbrite, Inc operates a two-sided marketplace that provides self-service ticketing and marketing tools for event creators in the United States and internationally. Its platform integrates components needed to plan, promote, and produce live events that allow creators to reduce friction and costs, enhance reach, and drive ticket sales.