Portfolio Design Labs LLC Acquires Shares of 97,578 Endeavor Group Holdings, Inc. (NYSE:EDR)

Portfolio Design Labs LLC bought a new stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 97,578 shares of the company's stock, valued at approximately $2,787,000.

Other large investors have also recently bought and sold shares of the company. Longfellow Investment Management Co. LLC acquired a new position in shares of Endeavor Group in the 2nd quarter valued at $75,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Endeavor Group during the first quarter worth approximately $102,000. SG Americas Securities LLC acquired a new stake in shares of Endeavor Group during the second quarter worth approximately $130,000. CIBC Asset Management Inc acquired a new stake in shares of Endeavor Group during the second quarter worth approximately $226,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Endeavor Group in the second quarter valued at approximately $255,000. 71.37% of the stock is currently owned by institutional investors and hedge funds.

Endeavor Group Trading Up 0.5 %

Shares of NYSE EDR traded up $0.16 during midday trading on Wednesday, reaching $29.39. 1,336,638 shares of the stock were exchanged, compared to its average volume of 3,458,620. The business has a 50-day simple moving average of $28.78 and a two-hundred day simple moving average of $27.69. The company has a market capitalization of $20.11 billion, a price-to-earnings ratio of -14.25 and a beta of 0.77. Endeavor Group Holdings, Inc. has a 12 month low of $22.64 and a 12 month high of $29.67. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.06 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.24 annualized dividend and a yield of 0.82%. Endeavor Group's dividend payout ratio is currently -11.71%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Endeavor Group in a report on Friday, November 15th. They issued a "hold" rating for the company. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $27.86.

Insider Activity at Endeavor Group

In other news, CEO Ariel Emanuel sold 149,280 shares of the business's stock in a transaction dated Tuesday, September 24th. The shares were 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 in the company, valued at $51,458,040.70. The trade was a 7.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 225,272 shares of company stock valued at $6,372,925. 63.90% of the stock is owned by corporate insiders.

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.