Endeavor Group (NYSE:EDR) Shares Gap Down - Time to Sell?

Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $32.59, but opened at $29.86. Endeavor Group shares last traded at $28.75, with a volume of 2,431,818 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EDR shares. Seaport Res Ptn cut shares of Endeavor Group from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 11th. StockNews.com lowered shares of Endeavor Group from a "hold" rating to a "sell" rating in a research note 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 stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $27.86.

Endeavor Group Price Performance

The company's 50 day moving average price is $31.35 and its 200-day moving average price is $29.81. The company has a market cap of $19.91 billion, a price-to-earnings ratio of -14.20 and a beta of 0.74. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63.

Endeavor Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.06 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.24 annualized dividend and a yield of 0.82%. Endeavor Group's dividend payout ratio (DPR) is -9.02%.

Insiders Place Their Bets

In other news, major shareholder Patrick Whitesell bought 60,208 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of $143.73 per share, with a total value of $8,653,695.84. Following the completion of the transaction, the insider now directly owns 1,734,530 shares in the company, valued at approximately $249,303,996.90. The trade was a 3.60 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Seth D. Krauss sold 13,280 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $30.03, for a total transaction of $398,798.40. Following the completion of the sale, the chief accounting officer now owns 101,116 shares of the company's stock, valued at approximately $3,036,513.48. This trade represents a 11.61 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 1,535,485 shares of company stock worth $239,160,243 and have sold 146,905 shares worth $4,418,864. 63.90% of the stock is currently owned by company insiders.

Institutional Trading of Endeavor Group

Large investors have recently added to or reduced their stakes in the company. Guggenheim Capital LLC boosted its position in shares of Endeavor Group by 2.0% in the fourth quarter. Guggenheim Capital LLC now owns 15,276 shares of the company's stock worth $478,000 after buying an additional 304 shares during the period. Fifth Lane Capital LP grew its holdings in shares of Endeavor Group by 0.3% during the fourth quarter. Fifth Lane Capital LP now owns 110,364 shares of the company's stock valued at $3,453,000 after buying an additional 364 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Endeavor Group by 5.1% during the fourth quarter. Tidal Investments LLC now owns 8,930 shares of the company's stock valued at $279,000 after buying an additional 432 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Endeavor Group by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 9,108 shares of the company's stock valued at $285,000 after buying an additional 447 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Endeavor Group by 5.3% during the 4th quarter. Invesco Ltd. now owns 10,044 shares of the company's stock valued at $314,000 after acquiring an additional 505 shares in the last quarter. 74.99% of the stock is owned by institutional investors and hedge funds.

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.