BNP Paribas Financial Markets Reduces Position in Eventbrite, Inc. (NYSE:EB)

BNP Paribas Financial Markets trimmed its holdings in Eventbrite, Inc. (NYSE:EBFree Report) by 33.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,028 shares of the company’s stock after selling 43,653 shares during the quarter. BNP Paribas Financial Markets’ holdings in Eventbrite were worth $240,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rhumbline Advisers boosted its position in Eventbrite by 3.5% during the second quarter. Rhumbline Advisers now owns 112,477 shares of the company’s stock worth $544,000 after purchasing an additional 3,829 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Eventbrite by 24.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,855 shares of the company’s stock valued at $140,000 after purchasing an additional 5,664 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Eventbrite by 54.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,477 shares of the company’s stock valued at $64,000 after purchasing an additional 8,307 shares in the last quarter. Quantbot Technologies LP bought a new stake in Eventbrite during the third quarter valued at $25,000. Finally, Covestor Ltd lifted its holdings in shares of Eventbrite by 68.3% in the 3rd quarter. Covestor Ltd now owns 33,220 shares of the company’s stock worth $91,000 after purchasing an additional 13,483 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, BWS Financial reiterated a “buy” rating and set a $7.00 price target on shares of Eventbrite in a research report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $6.58.

Read Our Latest Research Report on EB

Eventbrite Price Performance

NYSE EB opened at $3.65 on Tuesday. Eventbrite, Inc. has a 12-month low of $2.51 and a 12-month high of $9.20. The firm’s 50 day moving average is $3.36 and its 200-day moving average is $3.78. The company has a market capitalization of $353.61 million, a PE ratio of -40.56 and a beta of 2.27. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34.

About Eventbrite

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding EB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eventbrite, Inc. (NYSE:EBFree Report).

Institutional Ownership by Quarter for Eventbrite (NYSE:EB)

Receive News & Ratings for Eventbrite Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eventbrite and related companies with MarketBeat.com's FREE daily email newsletter.