Sequoia Financial Advisors LLC Reduces Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

Sequoia Financial Advisors LLC lessened its holdings in Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 86.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,457 shares of the company's stock after selling 561,310 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Endeavor Group were worth $2,643,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in EDR. Moran Wealth Management LLC boosted its holdings in Endeavor Group by 5.3% during the 4th quarter. Moran Wealth Management LLC now owns 105,871 shares of the company's stock valued at $3,313,000 after acquiring an additional 5,376 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Endeavor Group by 37.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,240 shares of the company's stock worth $1,760,000 after purchasing an additional 15,451 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Endeavor Group by 11.1% in the fourth quarter. Arizona State Retirement System now owns 58,075 shares of the company's stock worth $1,817,000 after buying an additional 5,819 shares during the period. Victory Capital Management Inc. raised its holdings in Endeavor Group by 6.9% during the 4th quarter. Victory Capital Management Inc. now owns 26,174 shares of the company's stock valued at $819,000 after buying an additional 1,680 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Endeavor Group by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,836,023 shares of the company's stock valued at $57,449,000 after buying an additional 57,154 shares during the period. 74.99% of the stock is owned by institutional investors.

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Endeavor Group Stock Up 0.0 %

Shares of EDR traded up $0.01 on Wednesday, hitting $29.01. 1,039,977 shares of the stock traded hands, compared to its average volume of 2,990,178. The company has a market capitalization of $19.91 billion, a PE ratio of -14.15 and a beta of 0.72. Endeavor Group Holdings, Inc. has a one year low of $24.41 and a one year high of $35.99. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. The business has a 50 day simple moving average of $30.82 and a 200 day simple moving average of $29.91.

Endeavor Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, February 28th. Endeavor Group's payout ratio is currently -9.02%.

Insider Activity at Endeavor Group

In related news, major shareholder Patrick Whitesell purchased 177,861 shares of the company's stock in a transaction dated Friday, February 7th. The shares were purchased at an average price of $165.99 per share, with a total value of $29,523,147.39. Following the acquisition, the insider now directly owns 2,188,966 shares in the company, valued at $363,346,466.34. The trade was a 8.84 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO William K. Fullerton sold 6,875 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $31.17, for a total transaction of $214,293.75. Following the transaction, the chief accounting officer now directly owns 53,255 shares of the company's stock, valued at $1,659,958.35. The trade was a 11.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 1,212,077 shares of company stock valued at $191,824,043 and have sold 146,905 shares valued at $4,418,864. 63.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Seaport Res Ptn cut shares of Endeavor Group from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 11th. StockNews.com lowered Endeavor Group from a "hold" rating to a "sell" rating in a research report on Monday, February 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $27.86.

Endeavor Group Profile

Endeavor Group Holdings, Inc operates as a sports and entertainment company in the United States, the United Kingdom, and internationally. It operates through four segments: Owned Sports Properties; Events, Experiences & Rights; Representation; and Sports Data & Technology. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, World Wrestling Entertainment, Inc, Professional Bull Rider, and Euroleague.