The Vanguard Group, Inc. has recently announced that it has increased stake in Endeavor Group Holdings Inc. (NYSE:EDR) by 2.40%. After grabbing 12.18 million shares, the institutional investor is now in possession of 0.29 million shares of the Communication Services Company. The new investment brought the stake of investor firm to 4.21% having worth around $271.63 million. Moreover, Millennium Management LLC increased its share by 0.43 million to have a control over 7.11 million shares. And Columbia Management Investment Ad raised its holdings to 0.68 million shares by acquiring 5.81 million shares or 2.01% of the stake.
Endeavor Group Holdings Inc. (EDR) concluded trading on 03/16/23 at a closing price of $23.24, with 2.33 million shares of worth about $54.18 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.45% during that period and on Thursday the price saw a gain of about 1.26%. Currently the company’s common shares owned by public are about 289.31M shares, out of which, 60.10M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 44 times over the past 12 months. They bought 2,086,458 shares in 16 of the transactions. In 28 selling transactions, insiders dumped 2,335,334 shares.
Canada Pension Plan, Vanguard Total Stock Market Index, and Morgan Stanley Invt. Fds. – Globa are the top 3 mutual funds which are holding stakes in Endeavor Group Holdings Inc. Canada Pension Plan is currently holding 21.04 million shares of worth totaling $469.38 million. The company recently came buying 21.04 million shares which brought its stake up to 7.27% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 40534.0 shares, after which its hold over company’s outstanding shares expand to 1.39%, leaving 4.03 million shares with the mutual fund that have a worth of about $89.82 million. Morgan Stanley Invt. Fds. – Globa, after selling 3.74 million shares, have now control over 1.29% of the stake in the company. It holds 40434.0 shares of worth $83.55 million.
Endeavor Group Holdings Inc. (NYSE: EDR) started trading at $22.79, below -$0.16 from concluding price of the previous day. However, the stock later moved at a day high price of 23.31, or with a gain of 1.26%. Stock saw a price change of -0.85% in past 5 days and over the past one month there was a price change of 7.64%. Year-to-date (YTD), EDR shares are showing a performance of 3.11% which decreased to -13.22% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.42 but also hit the highest price of $31.32 during that period. The average intraday trading volume for Endeavor Group Holdings Inc. shares is 1.71 million. The stock is currently trading 2.18% above its 20-day simple moving average (SMA20), while that difference is up 5.26% for SMA50 and it goes to 5.92% higher than SMA200.
The Vanguard Group, Inc. acquired 12.18 million shares of Endeavor Group Holdings Inc. having value of about $271.63 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.29 million shares in the company valued at close to $6634531.96, or have control over 2.40% stake in the company. Endeavor Group Holdings Inc. (NYSE: EDR) currently have 289.31M outstanding shares and institutions hold larger chunk of about 96.00% of that. Holding of mutual funds in the company is about 25.52% while other institutional holders and individual stake holders have control over 36.28% and 0.73% of the stake respectively.
The stock has a current market capitalization of $11.18B. PE ratio of stock for trailing 12 months is 46.57, while it has posted earnings per share of $0.50 in the same period. Its PEG reads 2.17 and has Quick Ratio of 1.10 while making debt-to-equity ratio of 2.75. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EDR, volatility over the week remained 3.35% while standing at 3.55% over the month.
Analysts are in expectations that Endeavor Group Holdings Inc. (EDR) stock would likely to be making an EPS of $0.19 in the current quarter, while forecast for next quarter EPS is $0.38 and it is $1.34 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.06 which is $0.26 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.34 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 140.00% while it is estimated to increase by 21.33% in next year. EPS is likely to shrink at an annualized rate of 21.50% for next 5-years, compared to annual growth of 27.00% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on August 04, 2022 offering a Buy rating for the stock and assigned a target price of $28 to it. Coverage by Citigroup stated Endeavor Group Holdings Inc. (EDR) stock as a Buy in their note to investors on July 07, 2022, suggesting a price target of $25 for the stock. On June 24, 2022, Credit Suisse Resumed their recommendations, while on May 18, 2022, Goldman Upgrade their ratings for the stock with a price target of $29. Stock get a Buy rating from UBS on May 13, 2022.
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