Endeavor Group Holdings, Inc. (NYSE:EDR) CEO Sells 7,690,824.18 in Stock

Endeavor Group Holdings, Inc. (NYSE:EDRGet Rating) CEO Ariel Emanuel sold 391,989 shares of the stock in a transaction on Thursday, May 5th. The stock was sold at an average price of 19.62, for a total value of 7,690,824.18. Following the completion of the transaction, the chief executive officer now owns 1,768,764 shares of the company’s stock, valued at approximately 34,703,149.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Endeavor Group stock opened at 19.61 on Friday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.39 and a current ratio of 1.39. Endeavor Group Holdings, Inc. has a 12 month low of 18.59 and a 12 month high of 35.28. The stock’s 50-day moving average is 27.03 and its 200-day moving average is 29.00.

Endeavor Group (NYSE:EDRGet Rating) last announced its earnings results on Wednesday, March 16th. The company reported 0.34 EPS for the quarter, beating the consensus estimate of 0.17 by 0.17. The business had revenue of 1.51 billion for the quarter, compared to the consensus estimate of 1.36 billion. Endeavor Group had a positive return on equity of 9.36% and a negative net margin of 6.33%. Sell-side analysts expect that Endeavor Group Holdings, Inc. will post 1.58 EPS for the current year.

Several research firms have issued reports on EDR. Citigroup cut their price objective on Endeavor Group from $34.00 to $25.00 in a research report on Wednesday. Barclays lowered their target price on Endeavor Group from $32.00 to $27.00 in a report on Thursday. Morgan Stanley lowered their target price on Endeavor Group from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, March 30th. Credit Suisse Group upped their target price on Endeavor Group from $37.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, March 14th. Finally, Zacks Investment Research raised Endeavor Group from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Thursday, March 3rd. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Endeavor Group has a consensus rating of “Buy” and a consensus price target of 35.07.

Large investors have recently made changes to their positions in the stock. Private Capital Group LLC raised its holdings in shares of Endeavor Group by 6,250.0% during the 1st quarter. Private Capital Group LLC now owns 1,524 shares of the company’s stock valued at $45,000 after buying an additional 1,500 shares during the period. SouthState Corp acquired a new stake in Endeavor Group during the 3rd quarter valued at approximately $57,000. Marshall Wace LLP acquired a new stake in Endeavor Group during the 4th quarter valued at approximately $79,000. Counterpoint Mutual Funds LLC acquired a new stake in Endeavor Group during the 1st quarter valued at approximately $90,000. Finally, Citigroup Inc. grew its stake in Endeavor Group by 180.4% during the 3rd quarter. Citigroup Inc. now owns 3,306 shares of the company’s stock valued at $95,000 after purchasing an additional 2,127 shares in the last quarter. Institutional investors and hedge funds own 52.95% of the company’s stock.

Endeavor Group Company Profile (Get Rating)

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.

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