Sei Investments Co. Sells 9,855 Shares of Eventbrite, Inc. (NYSE:EB)

Sei Investments Co. trimmed its position in shares of Eventbrite, Inc. (NYSE:EB) by 10.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 87,894 shares of the company’s stock after selling 9,855 shares during the quarter. Sei Investments Co. owned approximately 0.09% of Eventbrite worth $295,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FMR LLC increased its holdings in shares of Eventbrite by 59.5% during the third quarter. FMR LLC now owns 152,889 shares of the company’s stock valued at $417,000 after acquiring an additional 57,011 shares in the last quarter. Barclays PLC increased its stake in Eventbrite by 151.8% during the 3rd quarter. Barclays PLC now owns 169,642 shares of the company’s stock valued at $462,000 after purchasing an additional 102,283 shares in the last quarter. US Bancorp DE raised its holdings in Eventbrite by 53.9% in the fourth quarter. US Bancorp DE now owns 40,011 shares of the company’s stock worth $134,000 after buying an additional 14,007 shares during the last quarter. Savant Capital LLC lifted its stake in shares of Eventbrite by 76.6% in the fourth quarter. Savant Capital LLC now owns 37,590 shares of the company’s stock worth $126,000 after buying an additional 16,310 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Eventbrite by 14.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 227,897 shares of the company’s stock valued at $622,000 after buying an additional 29,390 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Eventbrite Trading Up 0.2 %

NYSE:EB opened at $2.03 on Friday. The company has a market cap of $191.62 million, a PE ratio of -22.50 and a beta of 2.05. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.34. The company has a 50 day simple moving average of $2.62 and a two-hundred day simple moving average of $3.08. Eventbrite, Inc. has a 12 month low of $1.81 and a 12 month high of $5.92.

Analyst Ratings Changes

A number of equities analysts recently weighed in on EB shares. B. Riley restated a “neutral” rating and issued a $3.50 price objective (down from $5.00) on shares of Eventbrite in a report on Friday, February 28th. BWS Financial restated a “buy” rating and issued a $7.00 price target on shares of Eventbrite in a research note on Monday, March 3rd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $5.40.

Eventbrite 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.