Coatue Management LLC Has $503.75 Million Stock Holdings in Endeavor Group Holdings, Inc. (NYSE:EDR)

Coatue Management LLC cut its position in shares of Endeavor Group Holdings, Inc. (NYSE:EDRGet Rating) by 4.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,064,653 shares of the company’s stock after selling 797,531 shares during the quarter. Endeavor Group accounts for 3.7% of Coatue Management LLC’s portfolio, making the stock its 11th biggest holding. Coatue Management LLC owned approximately 2.47% of Endeavor Group worth $503,749,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. GSA Capital Partners LLP boosted its holdings in Endeavor Group by 10.7% during the first quarter. GSA Capital Partners LLP now owns 15,394 shares of the company’s stock valued at $454,000 after purchasing an additional 1,487 shares in the last quarter. Private Capital Group LLC boosted its holdings in Endeavor Group by 6,250.0% during the first quarter. Private Capital Group LLC now owns 1,524 shares of the company’s stock valued at $45,000 after purchasing an additional 1,500 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Endeavor Group by 11.3% during the first quarter. Envestnet Asset Management Inc. now owns 18,922 shares of the company’s stock valued at $559,000 after purchasing an additional 1,926 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in Endeavor Group during the first quarter valued at approximately $90,000. Finally, Point72 Asset Management L.P. acquired a new stake in Endeavor Group during the fourth quarter valued at approximately $144,000. 34.92% of the stock is owned by institutional investors and hedge funds.

Endeavor Group Price Performance

Shares of NYSE EDR opened at 25.93 on Friday. The firm has a market cap of $18.27 billion, a PE ratio of 19.35, a PEG ratio of 0.83 and a beta of 1.05. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.82. Endeavor Group Holdings, Inc. has a 1-year low of 17.42 and a 1-year high of 35.28. The company has a fifty day moving average price of 22.80 and a 200 day moving average price of 23.96.

Analysts Set New Price Targets

EDR has been the topic of several recent analyst reports. Citigroup raised Endeavor Group from a “neutral” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Thursday, July 7th. The Goldman Sachs Group upgraded shares of Endeavor Group from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $30.00 to $29.00 in a research report on Tuesday, May 17th. Evercore ISI dropped their price objective on shares of Endeavor Group from $35.00 to $30.00 in a research report on Wednesday, July 27th. Bank of America initiated coverage on shares of Endeavor Group in a research report on Thursday, August 4th. They issued a “buy” rating and a $28.00 price objective for the company. Finally, StockNews.com upgraded shares of Endeavor Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 25th. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of 31.73.

Insider Transactions at Endeavor Group

In other news, insider Christian Muirhead sold 19,109 shares of the stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of 24.00, for a total transaction of 458,616.00. Following the completion of the transaction, the insider now directly owns 6,027 shares in the company, valued at approximately 144,648. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Ariel Emanuel sold 92,785 shares of the company’s stock in a transaction dated Monday, June 13th. The shares were sold at an average price of 20.25, for a total value of 1,878,896.25. Following the sale, the chief executive officer now directly owns 1,446,748 shares of the company’s stock, valued at approximately 29,296,647. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Christian Muirhead sold 19,109 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of 24.00, for a total transaction of 458,616.00. Following the completion of the sale, the insider now directly owns 6,027 shares in the company, valued at 144,648. The disclosure for this sale can be found here. Insiders sold a total of 131,396 shares of company stock worth $2,806,340 in the last three months. Insiders own 84.67% of the company’s stock.

Endeavor Group 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.

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Institutional Ownership by Quarter for Endeavor Group (NYSE:EDR)

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