Stephens Group LLC Acquires 673,715 Shares of STUB $STUB

Stephens Group LLC raised its stake in shares of STUB (NYSE:STUB) by 193.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,022,413 shares of the company’s stock after acquiring an additional 673,715 shares during the quarter. STUB comprises 6.4% of Stephens Group LLC’s portfolio, making the stock its 4th biggest holding. Stephens Group LLC’s holdings in STUB were worth $13,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Morling Financial Advisors LLC bought a new stake in shares of STUB during the 1st quarter worth about $868,000. CWM LLC raised its stake in shares of STUB by 56,638.1% in the 4th quarter. CWM LLC now owns 276,882 shares of the company’s stock valued at $3,746,000 after acquiring an additional 276,394 shares in the last quarter. Thrive Capital Management LLC acquired a new stake in STUB in the 3rd quarter worth approximately $1,158,000. Galaxy Digital Inc. acquired a new stake in STUB in the 1st quarter worth approximately $2,070,000. Finally, Pine Ridge Advisers LLC bought a new stake in STUB during the first quarter worth approximately $4,117,000.

Insiders Place Their Bets

In other STUB news, insider Mark Streams sold 28,531 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $13.02, for a total value of $371,473.62. Following the completion of the sale, the insider directly owned 1,561,122 shares of the company’s stock, valued at $20,325,808.44. This represents a 1.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nayaab Islam sold 2,800 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $14.01, for a total transaction of $39,228.00. Following the completion of the sale, the insider owned 8,451,964 shares in the company, valued at $118,412,015.64. This represents a 0.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 412,034 shares of company stock valued at $4,388,836. Insiders own 30.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on STUB shares. Sanford C. Bernstein upgraded STUB to an “outperform” rating in a report on Tuesday, May 19th. Morgan Stanley boosted their price objective on shares of STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 10th. Weiss Ratings raised shares of STUB from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 7th. Guggenheim reiterated a “buy” rating on shares of STUB in a research note on Friday, June 12th. Finally, JPMorgan Chase & Co. lifted their target price on shares of STUB from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, STUB presently has an average rating of “Hold” and a consensus price target of $11.50.

STUB Stock Down 1.7%

STUB opened at $8.80 on Tuesday. STUB has a 1-year low of $5.74 and a 1-year high of $27.89. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $3.30 billion and a price-to-earnings ratio of -14.67. The business has a 50 day moving average of $10.46 and a 200-day moving average of $9.37.

STUB (NYSE:STUB) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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% on a year-over-year basis. As a group, sell-side analysts anticipate that STUB will post 0.48 earnings per share for the current year.

STUB 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.