Galaxy Group Investments LLC Takes $4.49 Million Position in STUB $STUB

Galaxy Group Investments LLC purchased a new stake in shares of STUB (NYSE:STUB) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 331,708 shares of the company’s stock, valued at approximately $4,488,000. STUB accounts for about 0.5% of Galaxy Group Investments LLC’s holdings, making the stock its 19th largest holding. Galaxy Group Investments LLC owned approximately 0.09% of STUB at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of STUB. WestCap Management LLC purchased a new position in STUB during the fourth quarter worth $429,370,000. PointState Capital LP raised its stake in shares of STUB by 19.9% in the fourth quarter. PointState Capital LP now owns 24,823,335 shares of the company’s stock valued at $335,860,000 after acquiring an additional 4,117,332 shares during the period. Capital Research Global Investors bought a new stake in shares of STUB in the 4th quarter worth about $106,887,000. Index Venture Associates III Ltd bought a new stake in shares of STUB in the 4th quarter worth about $85,192,000. Finally, Capital International Investors purchased a new position in shares of STUB during the 4th quarter worth about $55,235,000.

Insider Buying and Selling

In related news, insider Mark Streams sold 232,567 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $9.04, for a total value of $2,102,405.68. Following the completion of the sale, the insider owned 1,114,001 shares in the company, valued at approximately $10,070,569.04. The trade was a 17.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nayaab Islam sold 16,720 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $11.37, for a total value of $190,106.40. Following the completion of the transaction, the insider directly owned 8,563,444 shares in the company, valued at approximately $97,366,358.28. This trade represents a 0.19% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 253,386 shares of company stock valued at $2,324,202 in the last quarter. 30.97% of the stock is owned by company insiders.

STUB Price Performance

Shares of STUB opened at $11.66 on Friday. The company has a market cap of $4.38 billion and a price-to-earnings ratio of -19.44. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. STUB has a 1-year low of $5.74 and a 1-year high of $27.89. The firm’s 50-day moving average is $8.75.

STUB (NYSE:STUB) last issued its earnings results on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. The company had revenue of $446.05 million during the quarter. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, equities analysts anticipate that STUB will post 0.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. HSBC upgraded shares of STUB to a “buy” rating in a report on Tuesday, May 19th. Weiss Ratings reissued a “sell (e+)” rating on shares of STUB in a research note on Thursday, June 4th. Citigroup initiated coverage on STUB in a research report on Tuesday, May 19th. They set a “buy” rating for the company. Craig Hallum cut STUB from a “hold” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, Wall Street Zen downgraded STUB from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $11.50.

STUB Company Profile

Stubhub Holdings Inc, through its subsidiaries, provides an online marketplace to buy and sell tickets for sports, concerts, theater, festivals and other live events. Stubhub Holdings Inc is based in NEW YORK.