JPMorgan Chase & Co. Has $1.34 Million Stock Holdings in Eventbrite, Inc. (NYSE:EB)

JPMorgan Chase & Co. lifted its holdings in shares of Eventbrite, Inc. (NYSE:EB - Free Report) by 181.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 399,507 shares of the company's stock after buying an additional 257,462 shares during the period. JPMorgan Chase & Co. owned approximately 0.41% of Eventbrite worth $1,342,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EB. Pallas Capital Advisors LLC acquired a new position in shares of Eventbrite during the fourth quarter valued at approximately $37,000. EntryPoint Capital LLC bought a new stake in shares of Eventbrite in the 4th quarter worth $67,000. WINTON GROUP Ltd acquired a new stake in shares of Eventbrite in the fourth quarter valued at $78,000. Intech Investment Management LLC boosted its stake in Eventbrite by 26.6% during the fourth quarter. Intech Investment Management LLC now owns 32,601 shares of the company's stock valued at $110,000 after buying an additional 6,842 shares in the last quarter. Finally, Ieq Capital LLC acquired a new position in Eventbrite during the fourth quarter worth about $111,000. 91.64% of the stock is owned by institutional investors.

Eventbrite Trading Up 3.3 %

NYSE EB traded up $0.07 on Tuesday, hitting $2.19. 555,731 shares of the company were exchanged, compared to its average volume of 1,488,027. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.56 and a quick ratio of 1.56. Eventbrite, Inc. has a twelve month low of $1.81 and a twelve month high of $5.92. The firm has a market capitalization of $207.24 million, a P/E ratio of -24.33 and a beta of 2.05. The company's 50 day moving average price is $2.32 and its 200-day moving average price is $3.04.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EB. BWS Financial reissued a "buy" rating and issued a $7.00 price target on shares of Eventbrite in a report on Monday, April 14th. B. Riley reissued a "neutral" rating and set a $3.50 target price (down from $5.00) on shares of Eventbrite in a research note on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $5.40.

About Eventbrite

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.