Envestnet Asset Management Inc. Acquires 10,810 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Envestnet Asset Management Inc. raised its stake in Endeavor Group Holdings, Inc. (NYSE:EDR – Get Rating) by 22.5% in the 4th quarter, HoldingsChannel reports. The fund owned 58,898 shares of the company’s stock after buying an additional 10,810 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Endeavor Group were worth $1,328,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EDR. Victory Capital Management Inc. bought a new stake in shares of Endeavor Group during the third quarter valued at approximately $2,483,000. Brevan Howard Capital Management LP lifted its holdings in Endeavor Group by 122.2% during the 3rd quarter. Brevan Howard Capital Management LP now owns 100,000 shares of the company’s stock worth $2,026,000 after buying an additional 55,000 shares in the last quarter. Capital International Ltd. CA boosted its position in Endeavor Group by 10.5% in the 3rd quarter. Capital International Ltd. CA now owns 102,292 shares of the company’s stock valued at $2,072,000 after buying an additional 9,753 shares during the last quarter. Anson Funds Management LP increased its stake in shares of Endeavor Group by 80.0% in the 3rd quarter. Anson Funds Management LP now owns 90,000 shares of the company’s stock valued at $1,823,000 after buying an additional 40,000 shares during the period. Finally, Solstein Capital LLC raised its position in shares of Endeavor Group by 14.3% during the fourth quarter. Solstein Capital LLC now owns 906,878 shares of the company’s stock worth $1,428,000 after acquiring an additional 113,476 shares during the last quarter. 36.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Ariel Emanuel sold 300,000 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $24.66, for a total value of $7,398,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,098,137 shares in the company, valued at approximately $51,740,058.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Ariel Emanuel sold 300,000 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $24.66, for a total value of $7,398,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,098,137 shares of the company’s stock, valued at approximately $51,740,058.42. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jason Lublin sold 12,562 shares of Endeavor Group stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $22.20, for a total value of $278,876.40. Following the completion of the sale, the chief financial officer now directly owns 23,693 shares in the company, valued at approximately $525,984.60. The disclosure for this sale can be found here. Insiders sold 369,006 shares of company stock worth $9,040,467 over the last ninety days. 84.67% of the stock is currently owned by corporate insiders.

Endeavor Group Stock Down 2.7 %

Shares of NYSE:EDR opened at $22.38 on Wednesday. The company has a 50 day moving average price of $23.90 and a two-hundred day moving average price of $22.52. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $15.74 billion, a PE ratio of -34.97, a PEG ratio of 0.92 and a beta of 0.90. Endeavor Group Holdings, Inc. has a 52 week low of $18.58 and a 52 week high of $26.26.

Endeavor Group (NYSE:EDR – Get Rating) last announced its quarterly earnings results on Tuesday, February 28th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.39). The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.28 billion. Endeavor Group had a negative net margin of 3.38% and a positive return on equity of 6.37%. Analysts forecast that Endeavor Group Holdings, Inc. will post 0.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Credit Suisse Group raised their price target on Endeavor Group from $30.00 to $33.00 and gave the company an “outperform” rating in a report on Monday, April 17th. Piper Sandler lifted their price target on shares of Endeavor Group from $30.00 to $33.00 in a research report on Wednesday, May 10th. Morgan Stanley increased their price objective on shares of Endeavor Group from $30.00 to $32.00 in a report on Monday, May 8th. StockNews.com lowered shares of Endeavor Group from a “buy” rating to a “hold” rating in a report on Friday, May 12th. Finally, Guggenheim began coverage on Endeavor Group in a research note on Monday, May 1st. They issued a “buy” rating and a $33.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $30.89.

Endeavor Group Company Profile

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Endeavor Group Holdings, Inc operates as an entertainment, sports, and content company in the United States, the United Kingdom, and internationally. It operates in three segments: Owned Sports Properties, Events, Experiences & Rights, and Representation. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, Professional Bull Rider, Euroleague, and Diamond Baseball Holdings, that license broadcast and other intellectual property rights and operate exclusive live events.