Virtu Financial LLC lessened its stake in Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 51.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,128 shares of the company's stock after selling 10,935 shares during the quarter. Virtu Financial LLC's holdings in Endeavor Group were worth $317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of EDR. Blue Trust Inc. raised its holdings in Endeavor Group by 176.1% in the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company's stock worth $66,000 after buying an additional 1,469 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in Endeavor Group in the 4th quarter worth approximately $96,000. FMR LLC lifted its position 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 acquiring an additional 2,248 shares in the last quarter. KBC Group NV boosted its stake in Endeavor Group by 65.3% during the 4th quarter. KBC Group NV now owns 7,191 shares of the company's stock valued at $225,000 after purchasing an additional 2,842 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new position in shares of Endeavor Group in the fourth quarter worth $233,000. Institutional investors own 74.99% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on EDR shares. StockNews.com downgraded shares of Endeavor Group from a "hold" rating to a "sell" rating in a research report on Monday, February 10th. Seaport Res Ptn downgraded Endeavor Group from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 11th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $27.50.
View Our Latest Research Report on Endeavor Group
Endeavor Group Stock Performance
NYSE EDR traded up $1.22 on Tuesday, reaching $30.05. 38,272,387 shares of the stock were exchanged, compared to its average volume of 3,185,910. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. Endeavor Group Holdings, Inc. has a one year low of $25.07 and a one year high of $35.99. The firm has a market capitalization of $20.62 billion, a PE ratio of -14.66 and a beta of 0.72. The company's 50-day simple moving average is $30.67 and its two-hundred day simple moving average is $30.07.
Endeavor Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Friday, February 28th. Endeavor Group's dividend payout ratio (DPR) is -9.02%.
Insider Buying and Selling
In other news, CAO William K. Fullerton sold 2,225 shares of the business's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $30.58, for a total value of $68,040.50. Following the transaction, the chief accounting officer now owns 53,124 shares of the company's stock, valued at approximately $1,624,531.92. The trade was a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Canada Pension Plan Investment sold 21,038,712 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $27.50, for a total transaction of $578,564,580.00. The disclosure for this sale can be found here. In the last quarter, insiders bought 1,212,077 shares of company stock valued at $191,824,043 and sold 21,185,617 shares valued at $582,983,444. 63.90% of the stock is currently owned by insiders.
About Endeavor Group
(
Free Report)
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.
Further Reading
Before you consider Endeavor Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Endeavor Group wasn't on the list.
While Endeavor Group currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
