A company insider recently sold 92,785 shares of Endeavor Group Holdings Inc. [EDR]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Endeavor Group Holdings Inc. shares valued at $1,878,469 were sold by Emanuel Ariel on Jun 13. At $20.25 per share, Emanuel Ariel sold 92,785 shares. The insider’s holdings dropped to 1,446,748 shares worth approximately $34.23 million following the completion of this transaction.


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Also, Emanuel Ariel sold 66,000 shares, netting a total of over 1,412,143 in proceeds. Following the sale of shares at $21.40 each, the insider now holds 1,539,533 shares.

Before that, Emanuel Ariel had sold 163,231 shares from its account. In a trade valued at $3,181,318, the Chief Executive Officer traded Endeavor Group Holdings Inc. shares for $19.49 each. Upon closing the transaction, the insider’s holdings decreased to 163,231 shares, worth approximately $37.99 million.

As published in their initiating research note from BofA Securities on August 04, 2022, Endeavor Group Holdings Inc. [EDR] has been a Buy and the price target has been revised to $28. This represents a 15.5% premium over Thursday’s closing price. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early July. Earlier on May 18, 2022, Goldman upgraded its rating. Their new recommendation was “a Buy” for EDR stock which previously was a “a Neutral”.

Analyzing EDR’s Price Performance

On Thursday, Endeavor Group Holdings Inc. [NYSE: EDR] rose 0.94% to $23.66. The stock’s lowest price that day was $23.48, but it reached a high of $24.01 in the same session. During the last five days, there has been a surge of approximately 7.99%. Over the course of the year, Endeavor Group Holdings Inc. shares have dropped approximately -32.19%. Shares of the company reached a 52-week high of $35.28 on 01/03/22 and a 52-week low of $17.42 on 05/09/22. A 50-day SMA is recorded $21.74, while a 200-day SMA reached $26.59. Nevertheless, trading volume fell to 1.24 million shares from 0.62 million shares the previous day.

Support And Resistance Levels for Endeavor Group Holdings Inc. (EDR)

According to the 24-hour chart, there is a support level at 23.42, which, if violated, would cause prices to drop to 23.19. In the upper region, resistance lies at 23.95. The next price resistance is at 24.25. RSI (Relative Strength Index) is 63.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.88, which suggests the price will decrease in the coming days. Percent R is at 13.41%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is Endeavor Group Holdings Inc. subject to short interest?

Stocks of Endeavor Group Holdings Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.62 million shares to 1.69 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 2.31 million shares. A decline of -36.69% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.25 of the overall float, the days-to-cover ratio (short ratio) decline to 2.25.

Which companies own the most shares of Endeavor Group Holdings Inc. (EDR)?

According to GIC Pte Ltd. filings, the company currently owns 21,038,712 shares, which is about 7.41% of the total EDR shares outstanding. The investor’s shares have plunged by 0 from its previous 13-F filing of 21038712.0 shares. With the completion of the sale transaction, Canada Pension Plan Investment Bo’s stake is now worth $432,555,919. Coatue Management LLC reduced a -4.46% interest valued at $350.85 million while Morgan Stanley Investment Managem purchased a 52,297 stake. A total of 70,790 shares of Endeavor Group Holdings Inc. were bought by The Vanguard Group, Inc. during the quarter, and 523,634 were bought by Fidelity Management & Research Co. In its current portfolio, Capital Research & Management Co holds 9,679,180 shares valued at $199.0 million.

In terms of Endeavor Group Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $31.85 in the next 12 months, up nearly 27.99% from the previous closing price of $23.44. Analysts anticipate Endeavor Group Holdings Inc. stock to reach $41.00 by 2022, with the lowest price target being $25.00. In spite of this, 13 analysts ranked Endeavor Group Holdings Inc. stock as a Buy at the end of 2022. On May 13, 2022, UBS assigned a price target of “a Buy” to the stock and upgraded coverage with a $33.

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