JPMorgan Chase & Co. Has $3.09 Million Stock Holdings in Vivid Seats Inc. (NASDAQ:SEAT)

JPMorgan Chase & Co. lessened its stake in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 11.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 834,810 shares of the company’s stock after selling 103,368 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.40% of Vivid Seats worth $3,089,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. FMR LLC raised its position in Vivid Seats by 3.4% in the third quarter. FMR LLC now owns 5,970,058 shares of the company’s stock valued at $22,089,000 after purchasing an additional 195,625 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Vivid Seats by 2.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,496,163 shares of the company’s stock worth $16,636,000 after acquiring an additional 125,035 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Vivid Seats by 180.0% in the third quarter. Harbor Capital Advisors Inc. now owns 2,613,619 shares of the company’s stock worth $9,670,000 after acquiring an additional 1,680,327 shares during the period. Geode Capital Management LLC increased its position in Vivid Seats by 18.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,975,047 shares of the company’s stock valued at $7,309,000 after purchasing an additional 314,482 shares during the period. Finally, State Street Corp increased its position in Vivid Seats by 3.5% during the 3rd quarter. State Street Corp now owns 1,486,894 shares of the company’s stock valued at $5,502,000 after purchasing an additional 49,870 shares during the period. 39.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Vivid Seats from $4.50 to $4.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Benchmark dropped their price objective on Vivid Seats from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Royal Bank of Canada decreased their target price on Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating for the company in a research note on Monday, November 11th. Maxim Group dropped their price target on Vivid Seats from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, Bank of America reaffirmed a “buy” rating and set a $6.25 price objective on shares of Vivid Seats in a research report on Tuesday, December 31st. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.63.

Vivid Seats Stock Performance

SEAT opened at $4.78 on Monday. Vivid Seats Inc. has a 1-year low of $3.24 and a 1-year high of $6.41. The company’s fifty day moving average price is $3.86 and its two-hundred day moving average price is $4.16. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 0.79.

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.