Barclays PLC Acquires 97,546 Shares of Vivid Seats Inc. (NASDAQ:SEAT)

Barclays PLC lifted its stake in Vivid Seats Inc. (NASDAQ:SEAT) by 353.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,163 shares of the company’s stock after purchasing an additional 97,546 shares during the period. Barclays PLC owned 0.06% of Vivid Seats worth $462,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in Vivid Seats by 13.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 327,175 shares of the company’s stock worth $1,881,000 after acquiring an additional 37,671 shares during the period. Principal Financial Group Inc. bought a new stake in shares of Vivid Seats during the 2nd quarter valued at $61,000. Rhumbline Advisers lifted its stake in shares of Vivid Seats by 9.3% during the 2nd quarter. Rhumbline Advisers now owns 93,197 shares of the company’s stock valued at $536,000 after buying an additional 7,961 shares in the last quarter. American Century Companies Inc. boosted its holdings in Vivid Seats by 23.1% in the 2nd quarter. American Century Companies Inc. now owns 55,243 shares of the company’s stock worth $318,000 after buying an additional 10,372 shares during the period. Finally, Johnson Investment Counsel Inc. increased its stake in Vivid Seats by 57.6% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 35,676 shares of the company’s stock worth $205,000 after buying an additional 13,040 shares in the last quarter. 39.92% of the stock is currently owned by hedge funds and other institutional investors.

Vivid Seats Trading Down 2.2 %

Shares of SEAT opened at $4.53 on Friday. The firm’s fifty day moving average is $3.72 and its two-hundred day moving average is $4.24. The stock has a market cap of $941.08 million, a PE ratio of 8.25, a price-to-earnings-growth ratio of 15.89 and a beta of 1.11. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.17. Vivid Seats Inc. has a 52-week low of $3.24 and a 52-week high of $6.51.

Analyst Ratings Changes

Several brokerages have recently commented on SEAT. Craig Hallum dropped their price objective on Vivid Seats from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Maxim Group dropped their price target on Vivid Seats from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Vivid Seats from $4.50 to $4.00 and set a “hold” rating for the company in a report on Monday, November 4th. Piper Sandler reissued a “neutral” rating and issued a $4.00 target price (down previously from $5.00) on shares of Vivid Seats in a report on Friday, November 8th. Finally, DA Davidson cut their target price on shares of Vivid Seats from $6.50 to $6.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Vivid Seats has an average rating of “Moderate Buy” and a consensus price target of $6.63.

Vivid Seats Profile

Vivid Seats Inc operates an online ticket marketplace in the United States, Canada, and Japan. The company operates in two segments, Marketplace and Resale. The Marketplace segment acts as an intermediary between event ticket buyers and sellers; processes ticket sales on its website and mobile applications through its distribution partners; and sells tickets for sports, concerts, theater events, and other live events.