Geode Capital Management LLC Buys 79,212 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Geode Capital Management LLC lifted its stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,077,887 shares of the company's stock after acquiring an additional 79,212 shares during the period. Geode Capital Management LLC owned approximately 0.30% of Endeavor Group worth $59,367,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Longfellow Investment Management Co. LLC bought a new stake in Endeavor Group in the 2nd quarter valued at approximately $75,000. SG Americas Securities LLC bought a new stake in shares of Endeavor Group in the second quarter worth $130,000. FMR LLC boosted its holdings in Endeavor Group by 67.6% during the third quarter. FMR LLC now owns 5,575 shares of the company's stock worth $159,000 after purchasing an additional 2,248 shares during the last quarter. CIBC Asset Management Inc bought a new position in Endeavor Group in the second quarter valued at $226,000. Finally, ProShare Advisors LLC acquired a new stake in Endeavor Group in the 2nd quarter valued at $255,000. 74.99% of the stock is currently owned by institutional investors and hedge funds.

Endeavor Group Price Performance

Shares of EDR stock traded up $0.12 on Friday, reaching $31.21. The company had a trading volume of 1,767,378 shares, compared to its average volume of 3,345,065. The stock has a market capitalization of $21.35 billion, a PE ratio of -15.22 and a beta of 0.76. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. The business's 50-day moving average is $29.74 and its 200 day moving average is $28.29. Endeavor Group Holdings, Inc. has a one year low of $22.75 and a one year high of $31.30.

Endeavor Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a $0.06 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. Endeavor Group's payout ratio is presently -11.71%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, CEO Ariel Emanuel sold 149,280 shares of Endeavor Group stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the transaction, the chief executive officer now directly owns 1,831,247 shares of the company's stock, valued at approximately $51,458,040.70. The trade was a 7.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Patrick Whitesell purchased 263,200 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was bought at an average cost of $146.97 per share, with a total value of $38,682,504.00. Following the purchase, the insider now owns 418,587 shares of the company's stock, valued at approximately $61,519,731.39. This trade represents a 169.38 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 63.90% of the company's stock.

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.