Exchange Traded Concepts LLC Sells 13,143 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Exchange Traded Concepts LLC lessened its position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 65.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,042 shares of the company's stock after selling 13,143 shares during the period. Exchange Traded Concepts LLC's holdings in Endeavor Group were worth $220,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in EDR. Tidal Investments LLC boosted its stake in Endeavor Group by 7.9% in the 3rd quarter. Tidal Investments LLC now owns 8,498 shares of the company's stock worth $243,000 after purchasing an additional 620 shares during the period. Mirador Capital Partners LP grew its stake in Endeavor Group by 3.0% during the fourth quarter. Mirador Capital Partners LP now owns 27,057 shares of the company's stock valued at $847,000 after acquiring an additional 792 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Endeavor Group by 2.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company's stock worth $1,165,000 after acquiring an additional 1,066 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Endeavor Group by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company's stock worth $1,245,000 after purchasing an additional 1,346 shares in the last quarter. Finally, FMR LLC boosted its holdings in Endeavor Group by 67.6% in the 3rd quarter. FMR LLC now owns 5,575 shares of the company's stock valued at $159,000 after purchasing an additional 2,248 shares during the period. Institutional investors own 74.99% of the company's stock.

Insider Buying and Selling

In other Endeavor Group news, CAO William K. Fullerton sold 2,225 shares of the business's stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $30.58, for a total value of $68,040.50. Following the completion of the sale, the chief accounting officer now owns 53,124 shares in the company, valued at approximately $1,624,531.92. The trade was a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Patrick Whitesell bought 94,161 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was purchased at an average price of $157.79 per share, for a total transaction of $14,857,664.19. Following the acquisition, the insider now directly owns 1,780,529 shares of the company's stock, valued at approximately $280,949,670.91. The trade was a 5.58 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 961,822 shares of company stock worth $143,378,491 in the last 90 days. 63.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Endeavor Group from a "sell" rating to a "hold" rating in a research report on Monday, January 13th. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $27.86.

Endeavor Group Price Performance

EDR traded up $0.48 during midday trading on Tuesday, hitting $30.92. The stock had a trading volume of 479,401 shares, compared to its average volume of 2,483,755. Endeavor Group Holdings, Inc. has a 1 year low of $23.14 and a 1 year high of $32.67. 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 fifty day moving average of $30.79 and a 200 day moving average of $29.17. The company has a market cap of $21.15 billion, a P/E ratio of -15.08 and a beta of 0.74.

Endeavor Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Monday, December 16th. Endeavor Group's dividend payout ratio is currently -11.71%.

About Endeavor Group

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.