JPMorgan Chase & Co. Acquires 257,462 Shares of Eventbrite, Inc. (NYSE:EB)

JPMorgan Chase & Co. raised its holdings in shares of Eventbrite, Inc. (NYSE:EB) by 181.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 399,507 shares of the company’s stock after purchasing an additional 257,462 shares during the period. JPMorgan Chase & Co. owned 0.41% of Eventbrite worth $1,342,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Bank of New York Mellon Corp increased its position in shares of Eventbrite by 2.4% during the fourth quarter. Bank of New York Mellon Corp now owns 227,548 shares of the company’s stock valued at $765,000 after buying an additional 5,359 shares during the period. Intech Investment Management LLC boosted its position in Eventbrite by 26.6% during the 4th quarter. Intech Investment Management LLC now owns 32,601 shares of the company’s stock valued at $110,000 after acquiring an additional 6,842 shares in the last quarter. Pallas Capital Advisors LLC purchased a new position in shares of Eventbrite during the 4th quarter worth approximately $37,000. SG Americas Securities LLC raised its position in shares of Eventbrite by 18.5% in the 4th quarter. SG Americas Securities LLC now owns 89,012 shares of the company’s stock worth $299,000 after acquiring an additional 13,882 shares in the last quarter. Finally, US Bancorp DE lifted its stake in shares of Eventbrite by 53.9% in the 4th quarter. US Bancorp DE now owns 40,011 shares of the company’s stock valued at $134,000 after purchasing an additional 14,007 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Eventbrite Stock Down 1.2 %

EB stock opened at $2.09 on Friday. The business has a 50 day moving average of $2.35 and a 200 day moving average of $3.04. The firm has a market cap of $197.30 million, a PE ratio of -23.17 and a beta of 2.05. Eventbrite, Inc. has a twelve month low of $1.81 and a twelve month high of $5.92. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EB shares. BWS Financial reaffirmed a “buy” rating and issued a $7.00 price target on shares of Eventbrite in a research note on Monday, April 14th. B. Riley reaffirmed a “neutral” rating and issued a $3.50 target price (down from $5.00) on shares of Eventbrite in a research report on Friday, February 28th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Eventbrite presently has an average rating of “Hold” and an average target price of $5.40.

About Eventbrite

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.