Endeavor Group (NYSE:EDR) Shares Gap Down - Should You Sell?

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report) 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 traded.

Analyst Upgrades and Downgrades

EDR has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of Endeavor Group from a "hold" rating to a "sell" rating in a research report on Monday, February 10th. Seaport Res Ptn downgraded shares of Endeavor Group from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $27.86.

Endeavor Group Price Performance

The company has a 50 day moving average of $31.15 and a 200-day moving average of $29.83. The stock has a market capitalization of $19.54 billion, a P/E ratio of -13.93 and a beta of 0.72. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28.

Endeavor Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Friday, February 28th. Endeavor Group's dividend payout ratio (DPR) is presently -9.02%.

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Insider Buying and Selling

In other Endeavor Group news, CAO William K. Fullerton sold 6,875 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $31.17, for a total value of $214,293.75. Following the sale, the chief accounting officer now directly owns 53,255 shares in the company, valued at approximately $1,659,958.35. This trade represents a 11.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Patrick Whitesell bought 60,208 shares of the business's stock in a transaction on Thursday, December 12th. The stock was bought at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the purchase, the insider now directly owns 1,734,530 shares of the company's stock, valued at $249,303,996.90. The trade was a 3.60 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 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 Investors Weigh In On Endeavor Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC lifted its stake in Endeavor Group by 2.0% in the fourth quarter. Guggenheim Capital LLC now owns 15,276 shares of the company's stock valued at $478,000 after buying an additional 304 shares during the last quarter. Fifth Lane Capital LP lifted its stake in Endeavor Group by 0.3% in 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 during the last quarter. Tidal Investments LLC raised its stake 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 purchasing an additional 432 shares in the last quarter. CIBC Asset Management Inc raised its stake 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 purchasing an additional 447 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Endeavor Group by 5.3% during the fourth quarter. Invesco Ltd. now owns 10,044 shares of the company's stock valued at $314,000 after purchasing an additional 505 shares in the last quarter. 74.99% of the stock is currently owned by institutional investors.

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.