Portfolio Design Labs LLC Acquires 41,665 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Portfolio Design Labs LLC boosted its position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 42.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 139,243 shares of the company's stock after acquiring an additional 41,665 shares during the period. Endeavor Group makes up approximately 0.9% of Portfolio Design Labs LLC's holdings, making the stock its 26th largest holding. Portfolio Design Labs LLC's holdings in Endeavor Group were worth $4,357,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in shares of Endeavor Group by 176.1% during the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company's stock valued at $66,000 after purchasing an additional 1,469 shares during the period. FNY Investment Advisers LLC bought a new stake in Endeavor Group in the 4th quarter valued at $96,000. FMR LLC raised its stake in shares of 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 buying an additional 2,248 shares in the last quarter. KBC Group NV lifted its holdings in shares of Endeavor Group by 65.3% during the 4th quarter. KBC Group NV now owns 7,191 shares of the company's stock worth $225,000 after acquiring an additional 2,842 shares during the period. Finally, Everence Capital Management Inc. acquired a new stake in shares of Endeavor Group during the 4th quarter valued at about $233,000. Institutional investors and hedge funds own 74.99% of the company's stock.

Wall Street Analysts Forecast Growth

EDR has been the subject of several recent research reports. Seaport Res Ptn lowered shares of Endeavor Group from a "hold" rating to a "strong sell" rating in a research report on Tuesday. StockNews.com cut 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 given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $27.86.

Endeavor Group Price Performance

Shares of NYSE:EDR traded down $0.32 during midday trading on Friday, reaching $35.18. The company's stock had a trading volume of 237,254 shares, compared to its average volume of 2,581,985. The business's fifty day simple moving average is $31.29 and its 200-day simple moving average is $29.50. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. Endeavor Group Holdings, Inc. has a fifty-two week low of $23.14 and a fifty-two week high of $35.99. The company has a market capitalization of $24.07 billion, a P/E ratio of -17.16 and a beta of 0.74.

Endeavor Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.68%. Endeavor Group's payout ratio is -11.71%.

Insiders Place Their Bets

In other Endeavor Group news, CAO William K. Fullerton sold 6,875 shares of the company's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $31.17, for a total value of $214,293.75. Following the completion of the sale, the chief accounting officer now owns 53,255 shares of the company's stock, valued at approximately $1,659,958.35. This represents a 11.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Patrick Whitesell acquired 263,200 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average cost of $146.97 per share, for a total transaction of $38,682,504.00. Following the purchase, the insider now directly owns 418,587 shares in the company, valued at $61,519,731.39. This trade represents a 169.38 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 1,535,485 shares of company stock valued at $239,160,243. 63.90% of the stock is currently owned by corporate insiders.

Endeavor Group Company 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.