Endeavor Group Target of Unusually High Options Trading (NYSE:EDR)

Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report) was the recipient of some unusual options trading on Tuesday. Traders bought 77,063 put options on the stock. This is an increase of 1,109% compared to the average daily volume of 6,372 put options.

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, major shareholder Patrick Whitesell acquired 60,208 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average price of $143.73 per share, with a total value of $8,653,695.84. Following the completion of the acquisition, the insider now directly owns 1,734,530 shares of the company's stock, 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 SEC, which is available through this hyperlink. Also, CEO Ariel Emanuel sold 149,280 shares of the firm's stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total value of $4,194,768.00. Following the completion of the sale, the chief executive officer now directly owns 1,831,247 shares of the company's stock, valued at approximately $51,458,040.70. This trade represents a 7.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 225,272 shares of company stock valued at $6,372,925 in the last ninety days. Insiders own 63.90% of the company's stock.

Institutional Investors Weigh In On Endeavor Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Longfellow Investment Management Co. LLC acquired a new position in shares of Endeavor Group in the second quarter worth $75,000. SG Americas Securities LLC acquired a new position in Endeavor Group in the 2nd quarter valued at about $130,000. FMR LLC lifted 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 in the last quarter. CIBC Asset Management Inc acquired a new stake in shares of Endeavor Group during the 2nd quarter worth about $226,000. Finally, Tidal Investments LLC boosted its stake in shares of Endeavor Group by 7.9% during 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 last quarter. Hedge funds and other institutional investors own 74.99% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Endeavor Group in a research note on Monday, December 9th. They issued a "sell" rating for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $27.86.

Endeavor Group Price Performance

NYSE:EDR traded down $0.04 during mid-day trading on Tuesday, hitting $31.01. 10,310,536 shares of the company's stock traded hands, compared to its average volume of 3,367,363. 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 company has a market cap of $21.22 billion, a PE ratio of -15.13 and a beta of 0.76. The firm's 50 day simple moving average is $29.63 and its 200 day simple moving average is $28.21. Endeavor Group has a 1 year low of $22.75 and a 1 year high of $31.14.

Endeavor Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.06 per share. The ex-dividend date is Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.77%. Endeavor Group's dividend payout ratio (DPR) is -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.