Vivid Seats Inc. (NASDAQ:SEAT) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. decreased its holdings in Vivid Seats Inc. (NASDAQ:SEAT) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,544,328 shares of the company’s stock after selling 69,291 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Vivid Seats were worth $11,780,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Clearline Capital LP boosted its stake in shares of Vivid Seats by 105.6% during the 2nd quarter. Clearline Capital LP now owns 770,798 shares of the company’s stock valued at $4,432,000 after buying an additional 395,942 shares during the last quarter. Geode Capital Management LLC boosted its stake in Vivid Seats by 18.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,975,047 shares of the company’s stock valued at $7,309,000 after acquiring an additional 314,482 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Vivid Seats by 183.4% during the 2nd quarter. Renaissance Technologies LLC now owns 324,228 shares of the company’s stock worth $1,864,000 after acquiring an additional 209,828 shares in the last quarter. FMR LLC raised its stake in shares of Vivid Seats by 3.4% in the 3rd quarter. FMR LLC now owns 5,970,058 shares of the company’s stock valued at $22,089,000 after purchasing an additional 195,625 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Vivid Seats by 35.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 735,894 shares of the company’s stock worth $2,723,000 after purchasing an additional 194,561 shares during the last quarter. Hedge funds and other institutional investors own 39.92% of the company’s stock.

Vivid Seats Price Performance

NASDAQ:SEAT traded down $0.14 during midday trading on Friday, hitting $4.38. 240,806 shares of the stock were exchanged, compared to its average volume of 836,841. Vivid Seats Inc. has a one year low of $3.24 and a one year high of $6.41. The company has a market capitalization of $909.92 million, a price-to-earnings ratio of 8.25, a P/E/G ratio of 15.89 and a beta of 0.99. The business has a 50-day moving average price of $3.78 and a two-hundred day moving average price of $4.21. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17.

Analyst Ratings Changes

Several research analysts have recently commented on SEAT shares. Bank of America reiterated a “buy” rating and issued a $6.25 target price on shares of Vivid Seats in a research report on Tuesday, December 31st. Maxim Group dropped their price objective on shares of Vivid Seats from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Citigroup decreased their target price on Vivid Seats from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, September 20th. Benchmark reduced their price objective on Vivid Seats from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Finally, DA Davidson dropped their target price on Vivid Seats from $6.50 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Vivid Seats has an average rating of “Moderate Buy” and a consensus price target of $6.63.

Vivid Seats Company Profile

Vivid Seats Inc operates an online ticket marketplace in the United States, Canada, and Japan. The company operates in two segments, Marketplace and Resale. The Marketplace segment acts as an intermediary between event ticket buyers and sellers; processes ticket sales on its website and mobile applications through its distribution partners; and sells tickets for sports, concerts, theater events, and other live events.