George Baxter’s Sabrepoint Capital is Buying These 5 Stocks

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1. Eventbrite, Inc. (NYSE:EB)

Baxter’s Stake Value: $23,750,000

Percentage of George Baxter’s 13F Portfolio: 7.48% 

Number of Hedge Fund Holders: 25

Founded in 2006, Eventbrite, Inc. (NYSE: EB) is virtually designed as an e-service platform for ticketing and event management services. Post-pandemic, the website has garnered attention and a larger audience as a place to connect global audiences via online platforms and digital tools/apps like Zoom for virtual events.

13F Filings revealed that George Baxter’s Sabrepoint Capital owned 1.25 million shares in Eventbrite, Inc. (NYSE: EB) at the end of the second quarter of 2021, worth over $23.7 million. 

Post-COVID, the virtual events’ hosted via the site increased with a 241% paid ticketing volume rise. Julia Hartz, Eventbrite’s CEO, and co-founder stated that the strong financial results in the second quarter of 2021 reflected demand for the live gatherings of social events, garnering a global audience. The company plans to invest in product development to cater to the needs of the creators and audiences for long-term growth. 

You can also take a peek at the 10 New Stocks for 2021: Qing Li’s Sciencast Management Portfolio and 11 Best Quantum Computing Stocks To Invest In.

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