Jane Street Group LLC Sells 108,210 Shares of Eventbrite, Inc. (NYSE:EB)

Jane Street Group LLC lessened its stake in shares of Eventbrite, Inc. (NYSE:EB) by 21.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 401,984 shares of the company’s stock after selling 108,210 shares during the period. Jane Street Group LLC owned approximately 0.42% of Eventbrite worth $1,097,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Whetstone Capital Advisors LLC lifted its stake in shares of Eventbrite by 74.6% in the third quarter. Whetstone Capital Advisors LLC now owns 1,432,555 shares of the company’s stock worth $3,911,000 after buying an additional 612,173 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Eventbrite by 125.9% in the second quarter. Acadian Asset Management LLC now owns 1,978,823 shares of the company’s stock worth $9,573,000 after buying an additional 1,102,809 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Eventbrite in the third quarter worth approximately $756,000. Nantahala Capital Management LLC bought a new position in shares of Eventbrite in the second quarter worth approximately $7,744,000. Finally, FMR LLC lifted its stake in shares of Eventbrite by 59.5% in the third quarter. FMR LLC now owns 152,889 shares of the company’s stock worth $417,000 after buying an additional 57,011 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Insider Activity at Eventbrite

In other Eventbrite news, COO Charles Baker sold 20,000 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $2,192,078.85. This represents a 3.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 21.46% of the stock is owned by insiders.

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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Eventbrite has a consensus rating of “Hold” and a consensus price target of $6.58.

Eventbrite Stock Down 0.3 %

Shares of Eventbrite stock opened at $3.36 on Tuesday. The company has a market cap of $325.52 million, a price-to-earnings ratio of -37.33 and a beta of 2.27. The company’s 50 day moving average is $3.48 and its 200 day moving average is $3.68. Eventbrite, Inc. has a twelve month low of $2.51 and a twelve month high of $9.20. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34.

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.