Vanguard Group Inc. Purchases 1,167,887 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Vanguard Group Inc. boosted its position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 8.3% during the 4th quarter, HoldingsChannel reports. The firm owned 15,185,871 shares of the company’s stock after buying an additional 1,167,887 shares during the period. Vanguard Group Inc.’s holdings in Endeavor Group were worth $475,166,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of EDR. Polar Asset Management Partners Inc. increased its stake in shares of Endeavor Group by 300.0% during the third quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company’s stock valued at $57,120,000 after buying an additional 1,500,000 shares during the period. Whitefort Capital Management LP bought a new position in Endeavor Group during the 3rd quarter worth about $28,560,000. Barclays PLC increased its position in Endeavor Group by 5,247.7% during the 3rd quarter. Barclays PLC now owns 318,188 shares of the company’s stock valued at $9,087,000 after purchasing an additional 312,238 shares during the period. Monimus Capital Management LP bought a new stake in shares of Endeavor Group in the 4th quarter valued at about $5,176,000. Finally, Geode Capital Management LLC lifted its position in shares of Endeavor Group by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock worth $59,367,000 after purchasing an additional 79,212 shares during the period. 74.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, CAO William K. Fullerton sold 2,225 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $30.58, for a total transaction of $68,040.50. Following the transaction, the chief accounting officer now owns 53,124 shares in the company, valued at approximately $1,624,531.92. This represents a 4.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Patrick Whitesell acquired 117,769 shares of the stock in a transaction dated Wednesday, February 12th. The shares were bought at an average price of $175.40 per share, with a total value of $20,656,682.60. Following the completion of the purchase, the insider now directly owns 2,579,437 shares of the company’s stock, valued at approximately $452,433,249.80. This trade represents a 4.78 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 1,212,077 shares of company stock worth $191,824,043 and sold 21,185,617 shares worth $582,983,444. 63.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. StockNews.com started coverage on shares of Endeavor Group in a report on Wednesday. They set a “sell” rating on the stock. Seaport Res Ptn cut Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $27.50.

Endeavor Group Price Performance

Shares of EDR opened at $30.05 on Wednesday. The company has a 50 day moving average of $30.67 and a two-hundred day moving average of $30.07. The company has a market cap of $20.62 billion, a price-to-earnings ratio of -14.66 and a beta of 0.72. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. Endeavor Group Holdings, Inc. has a twelve month low of $25.07 and a twelve month high of $35.99.

Endeavor Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Friday, February 28th. Endeavor Group’s dividend payout ratio is currently -9.02%.

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.