Vivid Seats Inc. $SEAT Shares Sold by Security Benefit Life Insurance Co. KS

Security Benefit Life Insurance Co. KS lowered its stake in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 95.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,192,103 shares of the company’s stock after selling 41,649,992 shares during the period. Vivid Seats accounts for approximately 14.7% of Security Benefit Life Insurance Co. KS’s portfolio, making the stock its 4th biggest holding. Security Benefit Life Insurance Co. KS owned 21.27% of Vivid Seats worth $36,433,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SEAT. Boston Partners lifted its stake in shares of Vivid Seats by 7.2% during the 2nd quarter. Boston Partners now owns 4,784,292 shares of the company’s stock worth $8,084,000 after purchasing an additional 322,461 shares during the period. Ameriprise Financial Inc. boosted its stake in Vivid Seats by 10.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,222,751 shares of the company’s stock worth $3,756,000 after buying an additional 215,057 shares during the last quarter. First Trust Advisors LP grew its holdings in Vivid Seats by 2.7% in the 2nd quarter. First Trust Advisors LP now owns 297,688 shares of the company’s stock valued at $503,000 after buying an additional 7,940 shares during the period. Caption Management LLC increased its stake in shares of Vivid Seats by 1,470.9% during the 2nd quarter. Caption Management LLC now owns 250,472 shares of the company’s stock valued at $423,000 after acquiring an additional 234,528 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Vivid Seats by 106.8% during the 2nd quarter. Rhumbline Advisers now owns 203,271 shares of the company’s stock worth $344,000 after acquiring an additional 104,972 shares during the period. 39.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SEAT has been the topic of a number of recent analyst reports. Canaccord Genuity Group cut their price target on shares of Vivid Seats from $23.00 to $12.00 and set a “hold” rating on the stock in a research note on Friday, November 7th. Royal Bank Of Canada set a $12.00 target price on Vivid Seats and gave the stock a “sector perform” rating in a research report on Friday, November 7th. Benchmark restated a “buy” rating and set a $18.00 price target (down from $26.00) on shares of Vivid Seats in a research note on Friday, November 7th. Deutsche Bank Aktiengesellschaft set a $7.00 price objective on Vivid Seats in a research note on Tuesday, January 20th. Finally, Morgan Stanley set a $9.00 target price on shares of Vivid Seats in a research report on Thursday, December 18th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.22.

Vivid Seats Trading Up 5.9%

Shares of SEAT opened at $6.13 on Wednesday. Vivid Seats Inc. has a one year low of $5.50 and a one year high of $84.80. The stock has a 50-day moving average price of $6.76 and a 200 day moving average price of $10.34. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.60 and a current ratio of 0.67. The company has a market capitalization of $65.77 million, a P/E ratio of 2.28 and a beta of 0.95.

Vivid Seats Company Profile

Vivid Seats, traded on NASDAQ under the ticker SEAT, operates an online ticket marketplace that connects buyers and sellers of live event tickets. The company specializes in facilitating purchases for sports games, concerts, theater productions and other entertainment experiences. Through its digital platform and mobile application, Vivid Seats offers real-time access to available tickets, transparent pricing and a 100% Buyer Guarantee, which ensures ticket authenticity and timely delivery.

Founded in 2001 and headquartered in Chicago, Illinois, Vivid Seats has grown from a regional reseller into one of North America’s leading ticket marketplaces.