Caesars Entertainment, Inc. (NASDAQ:CZR) Stock Holdings Decreased by abrdn plc

abrdn plc reduced its stake in Caesars Entertainment, Inc. (NASDAQ:CZR) by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,770 shares of the company’s stock after selling 1,625 shares during the period. abrdn plc’s holdings in Caesars Entertainment were worth $491,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Osborne Partners Capital Management LLC raised its stake in shares of Caesars Entertainment by 1.9% in the 4th quarter. Osborne Partners Capital Management LLC now owns 331,944 shares of the company’s stock worth $11,094,000 after buying an additional 6,102 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in shares of Caesars Entertainment by 5,639.8% during the 4th quarter. DAVENPORT & Co LLC now owns 303,691 shares of the company’s stock valued at $10,149,000 after buying an additional 298,400 shares during the period. Lebenthal Global Advisors LLC lifted its stake in shares of Caesars Entertainment by 5.7% in the 4th quarter. Lebenthal Global Advisors LLC now owns 10,890 shares of the company’s stock valued at $364,000 after purchasing an additional 587 shares during the last quarter. KBC Group NV lifted its position in Caesars Entertainment by 26.9% during the 4th quarter. KBC Group NV now owns 9,496 shares of the company’s stock worth $317,000 after acquiring an additional 2,011 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its position in Caesars Entertainment by 4.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 53,170 shares of the company’s stock worth $1,777,000 after purchasing an additional 2,328 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Analyst Upgrades and Downgrades

CZR has been the subject of a number of recent analyst reports. Stifel Nicolaus dropped their target price on shares of Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. TD Cowen lowered their price objective on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. Wells Fargo & Company lowered their price objective on shares of Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Morgan Stanley raised their target price on shares of Caesars Entertainment from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Finally, Truist Financial decreased their target price on Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $51.21.

Caesars Entertainment Stock Performance

NASDAQ CZR opened at $35.49 on Wednesday. The firm’s 50 day simple moving average is $34.62 and its 200 day simple moving average is $37.77. The firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of -21.25 and a beta of 2.90. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. Caesars Entertainment, Inc. has a 1 year low of $30.78 and a 1 year high of $45.93.

About Caesars Entertainment

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.