Handelsbanken Fonder AB Buys 21,600 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Handelsbanken Fonder AB boosted its position in Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 100.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,100 shares of the company's stock after buying an additional 21,600 shares during the quarter. Handelsbanken Fonder AB's holdings in Endeavor Group were worth $1,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. CIBC Asset Management Inc increased its holdings in shares of Endeavor Group by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 9,108 shares of the company's stock worth $285,000 after purchasing an additional 447 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Endeavor Group by 5.1% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 75,985 shares of the company's stock worth $2,378,000 after acquiring an additional 3,697 shares during the last quarter. Portfolio Design Labs LLC grew its holdings in shares of Endeavor Group by 42.7% in the fourth quarter. Portfolio Design Labs LLC now owns 139,243 shares of the company's stock worth $4,357,000 after purchasing an additional 41,665 shares during the last quarter. Vest Financial LLC increased its stake in shares of Endeavor Group by 46.5% during the fourth quarter. Vest Financial LLC now owns 78,831 shares of the company's stock valued at $2,467,000 after buying an additional 25,020 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of Endeavor Group during the 4th quarter worth $943,000. 74.99% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In related news, insider Mark S. Shapiro sold 74,525 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $30.04, for a total transaction of $2,238,731.00. Following the completion of the sale, the insider now directly owns 221,777 shares of the company's stock, valued at approximately $6,662,181.08. This trade represents a 25.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 acquired at an average cost of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the transaction, the insider now owns 1,734,530 shares in the company, valued at $249,303,996.90. This represents a 3.60 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 1,535,485 shares of company stock valued at $239,160,243 and have sold 146,905 shares valued at $4,418,864. Corporate insiders own 63.90% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Seaport Res Ptn lowered 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 report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $27.86.

Endeavor Group Price Performance

NYSE:EDR traded up $1.29 during mid-day trading on Friday, hitting $32.05. 964,027 shares of the company's stock traded hands, compared to its average volume of 1,690,828. 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 $21.93 billion, a PE ratio of -15.63 and a beta of 0.74. The firm's 50 day simple moving average is $31.39 and its 200 day simple moving average is $29.78. Endeavor Group Holdings, Inc. has a 1 year low of $23.51 and a 1 year high of $35.99.

Endeavor Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Friday, February 28th. Endeavor Group's dividend payout ratio is presently -9.02%.

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.