Winslow Capital Management LLC Acquires Shares of 2,369,578 Eventbrite, Inc. (NYSE:EB)

Winslow Capital Management LLC acquired a new position in Eventbrite, Inc. (NYSE:EB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,369,578 shares of the company's stock, valued at approximately $7,962,000. Winslow Capital Management LLC owned 2.45% of Eventbrite at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cerity Partners LLC boosted its holdings in Eventbrite by 60.6% in the 4th quarter. Cerity Partners LLC now owns 36,693 shares of the company's stock valued at $122,000 after purchasing an additional 13,848 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Eventbrite by 26.7% in the 4th quarter. Wells Fargo & Company MN now owns 38,264 shares of the company's stock valued at $129,000 after purchasing an additional 8,070 shares in the last quarter. RPO LLC bought a new position in shares of Eventbrite during the 4th quarter valued at $55,000. Geode Capital Management LLC lifted its stake in Eventbrite by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 1,778,279 shares of the company's stock worth $5,977,000 after purchasing an additional 11,135 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new stake in Eventbrite during the fourth quarter valued at about $158,000. Institutional investors own 91.64% of the company's stock.

Eventbrite Price Performance

Shares of NYSE EB traded up $0.05 during trading on Monday, hitting $2.14. The company had a trading volume of 401,165 shares, compared to its average volume of 1,523,217. Eventbrite, Inc. has a fifty-two week low of $1.81 and a fifty-two week high of $5.92. The firm has a market capitalization of $202.51 million, a price-to-earnings ratio of -23.78 and a beta of 2.05. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34. The stock has a fifty day simple moving average of $2.59 and a two-hundred day simple moving average of $3.08.

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Analyst Upgrades and Downgrades

EB has been the topic of several analyst reports. B. Riley reaffirmed a "neutral" rating and issued a $3.50 target price (down from $5.00) on shares of Eventbrite in a research note on Friday, February 28th. BWS Financial restated a "buy" rating and set a $7.00 target price on shares of Eventbrite in a report on Monday, March 3rd. Five research 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, the stock has a consensus rating of "Hold" and a consensus target price of $5.40.

Eventbrite 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.