Edmond DE Rothschild Holding S.A. Has $22.63 Million Stock Holdings in Eventbrite, Inc. (NYSE:EB)

Edmond DE Rothschild Holding S.A. decreased its holdings in shares of Eventbrite, Inc. (NYSE:EB) by 4.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,733,879 shares of the company’s stock after selling 350,000 shares during the quarter. Edmond DE Rothschild Holding S.A. owned approximately 0.07% of Eventbrite worth $22,626,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new stake in shares of Eventbrite in the third quarter valued at approximately $25,000. Pallas Capital Advisors LLC acquired a new position in Eventbrite during the 4th quarter valued at $37,000. Paloma Partners Management Co bought a new stake in Eventbrite in the 3rd quarter valued at $44,000. EntryPoint Capital LLC acquired a new stake in Eventbrite in the 4th quarter worth $67,000. Finally, Intech Investment Management LLC bought a new position in shares of Eventbrite during the 3rd quarter worth about $70,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Eventbrite Stock Performance

NYSE EB opened at $2.18 on Monday. The stock has a market cap of $205.82 million, a P/E ratio of -24.17 and a beta of 2.24. 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, Inc. has a twelve month low of $2.11 and a twelve month high of $5.98. The company’s 50-day simple moving average is $2.93 and its 200 day simple moving average is $3.16.

Analysts Set New Price Targets

EB has been the subject of several research reports. BWS Financial reiterated a “buy” rating and issued a $7.00 target price on shares of Eventbrite in a research note on Monday, March 3rd. B. Riley reaffirmed a “neutral” rating and issued a $3.50 price target (down previously from $5.00) on shares of Eventbrite in a report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $5.40.

Eventbrite Company 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.