Geode Capital Management LLC Has $59.37 Million Stock Holdings in Endeavor Group Holdings, Inc. (NYSE:EDR)

Geode Capital Management LLC lifted its holdings in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 4.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,077,887 shares of the company’s stock after buying an additional 79,212 shares during the period. Geode Capital Management LLC’s holdings in Endeavor Group were worth $59,367,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Longfellow Investment Management Co. LLC bought a new position in Endeavor Group in the second quarter valued at about $75,000. SG Americas Securities LLC acquired a new stake in shares of Endeavor Group in the 2nd quarter valued at approximately $130,000. FMR LLC grew its holdings in shares of Endeavor Group by 67.6% during the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after purchasing an additional 2,248 shares during the last quarter. CIBC Asset Management Inc acquired a new position in Endeavor Group during the 2nd quarter worth approximately $226,000. Finally, ProShare Advisors LLC bought a new position in Endeavor Group in the 2nd quarter valued at approximately $255,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

Endeavor Group Price Performance

Shares of NYSE:EDR opened at $31.21 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. Endeavor Group Holdings, Inc. has a 52 week low of $22.75 and a 52 week high of $31.30. The firm has a market cap of $21.35 billion, a PE ratio of -15.22 and a beta of 0.76. The firm’s fifty day moving average is $29.74 and its 200-day moving average is $28.28.

Endeavor Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Monday, December 16th. Endeavor Group’s payout ratio is presently -11.71%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Endeavor Group in a report on Monday, December 9th. They set a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Endeavor Group currently has a consensus rating of “Hold” and an average target price of $27.86.

Insider Buying and Selling at Endeavor Group

In related news, major shareholder Patrick Whitesell bought 60,208 shares of Endeavor Group stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average cost of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the acquisition, the insider now directly owns 1,734,530 shares of the company’s stock, valued at approximately $249,303,996.90. The trade was a 3.60 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ariel Emanuel sold 48,176 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $29.04, for a total transaction of $1,399,031.04. Following the transaction, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at approximately $53,179,412.88. The trade was a 2.56 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 63.90% of the company’s stock.

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.