Insider Selling: Endeavor Group Holdings, Inc. (NYSE:EDR) President Sells 2,388,100.00 in Stock

Endeavor Group Holdings, Inc. (NYSE:EDRGet Rating) President Mark S. Shapiro sold 110,000 shares of the firm’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of 21.71, for a total transaction of 2,388,100.00. Following the sale, the president now owns 50,739 shares in the company, valued at 1,101,543.69. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Endeavor Group Price Performance

EDR stock opened at 21.63 on Friday. Endeavor Group Holdings, Inc. has a 12 month low of 17.42 and a 12 month high of 35.28. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.68. The company has a 50-day moving average price of 21.33 and a 200 day moving average price of 21.81. The stock has a market cap of $15.19 billion, a PE ratio of 18.97, a P/E/G ratio of 1.10 and a beta of 1.05.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Bank of America assumed coverage on shares of Endeavor Group in a research report on Thursday, August 4th. They set a “buy” rating and a $28.00 price objective on the stock. StockNews.com upgraded shares of Endeavor Group from a “hold” rating to a “buy” rating in a report on Saturday, November 19th. Credit Suisse Group reduced their price target on shares of Endeavor Group from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, October 14th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Endeavor Group from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, August 2nd. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of 30.70.

Hedge Funds Weigh In On Endeavor Group

A number of large investors have recently made changes to their positions in EDR. Counterpoint Mutual Funds LLC boosted its stake in shares of Endeavor Group by 103.0% during the 2nd quarter. Counterpoint Mutual Funds LLC now owns 6,187 shares of the company’s stock worth $127,000 after purchasing an additional 3,139 shares during the period. Shell Asset Management Co. purchased a new stake in Endeavor Group in the 2nd quarter valued at about $142,000. Dupont Capital Management Corp purchased a new stake in Endeavor Group in the 3rd quarter valued at about $165,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Endeavor Group in the 2nd quarter valued at about $193,000. Finally, Virtu Financial LLC purchased a new stake in Endeavor Group in the 2nd quarter valued at about $205,000. 34.92% of the stock is owned by hedge funds and other institutional investors.

About Endeavor Group

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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.

See Also

Insider Buying and Selling by Quarter for Endeavor Group (NYSE:EDR)

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