Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 37.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,240 shares of the company's stock after purchasing an additional 15,451 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Endeavor Group were worth $1,760,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in EDR. Blue Trust Inc. increased its stake in shares of Endeavor Group by 176.1% in the 4th quarter. Blue Trust Inc. now owns 2,303 shares of the company's stock valued at $66,000 after acquiring an additional 1,469 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Endeavor Group during the 4th quarter worth $96,000. FMR LLC raised its stake in shares of Endeavor Group by 67.6% during the 3rd 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 period. KBC Group NV raised its stake 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 purchasing an additional 2,842 shares during the period. Finally, Everence Capital Management Inc. bought a new stake in shares of Endeavor Group during the 4th quarter worth $233,000. Institutional investors own 74.99% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on EDR shares. Seaport Res Ptn cut Endeavor Group from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 11th. StockNews.com cut Endeavor Group from a "hold" rating to a "sell" rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $27.86.
Check Out Our Latest Stock Report on Endeavor Group
Insider Transactions at Endeavor Group
In related news, major shareholder Patrick Whitesell acquired 108,476 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were purchased at an average price of $144.13 per share, with a total value of $15,634,645.88. Following the completion of the purchase, the insider now directly owns 915,852 shares of the company's stock, valued at $132,001,748.76. This represents a 13.44 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO William K. Fullerton sold 6,875 shares of Endeavor Group 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 sale, the chief accounting officer now directly owns 53,255 shares in the company, valued at $1,659,958.35. This trade represents a 11.43 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 1,212,077 shares of company stock valued at $191,824,043 and have sold 146,905 shares valued at $4,418,864. Corporate insiders own 63.90% of the company's stock.
Endeavor Group Stock Up 1.5 %
EDR traded up $0.42 during trading on Friday, reaching $29.25. The stock had a trading volume of 38,245,100 shares, compared to its average volume of 3,119,774. Endeavor Group Holdings, Inc. has a one year low of $25.07 and a one year high of $35.99. The company has a market capitalization of $20.08 billion, a price-to-earnings ratio of -14.27 and a beta of 0.72. The stock's 50 day moving average is $30.76 and its two-hundred day moving average is $29.90. 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 Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, February 28th. Endeavor Group's dividend payout ratio (DPR) is currently -9.02%.
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.
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