MetLife Investment Management LLC Sells 23,589 Shares of Eventbrite, Inc. (NYSE:EB)

MetLife Investment Management LLC trimmed its holdings in shares of Eventbrite, Inc. (NYSE:EB) by 51.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,424 shares of the company’s stock after selling 23,589 shares during the quarter. MetLife Investment Management LLC’s holdings in Eventbrite were worth $61,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EB. Quantbot Technologies LP purchased a new position in Eventbrite during the third quarter valued at approximately $25,000. Harbor Capital Advisors Inc. increased its holdings in Eventbrite by 54.8% during the third quarter. Harbor Capital Advisors Inc. now owns 23,477 shares of the company’s stock valued at $64,000 after buying an additional 8,307 shares during the period. Intech Investment Management LLC purchased a new position in Eventbrite during the third quarter valued at approximately $70,000. US Bancorp DE increased its holdings in Eventbrite by 327.3% during the third quarter. US Bancorp DE now owns 26,004 shares of the company’s stock valued at $71,000 after buying an additional 19,919 shares during the period. Finally, Covestor Ltd increased its holdings in Eventbrite by 68.3% during the third quarter. Covestor Ltd now owns 33,220 shares of the company’s stock valued at $91,000 after buying an additional 13,483 shares during the period. 91.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, BWS Financial reissued a “buy” rating and set a $7.00 price objective on shares of Eventbrite in a report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $6.58.

Eventbrite Price Performance

NYSE EB opened at $3.82 on Wednesday. The firm’s fifty day simple moving average is $3.29 and its two-hundred day simple moving average is $3.82. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.34. Eventbrite, Inc. has a 12-month low of $2.51 and a 12-month high of $9.20. The firm has a market capitalization of $370.08 million, a P/E ratio of -42.44 and a beta of 2.27.

Insiders Place Their Bets

In other news, CFO Charles Baker sold 20,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $3.03, for a total transaction of $60,600.00. Following the sale, the chief financial officer now directly owns 628,152 shares of the company’s stock, valued at $1,903,300.56. The trade was a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 21.46% of the company’s stock.

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.