Endeavor Group Holdings, Inc. (NYSE:EDR) Stock Position Trimmed by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC decreased its position in Endeavor Group Holdings, Inc. (NYSE:EDR) by 65.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,042 shares of the company’s stock after selling 13,143 shares during the period. Exchange Traded Concepts LLC’s holdings in Endeavor Group were worth $220,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. FNY Investment Advisers LLC acquired a new stake in Endeavor Group in the 4th quarter valued at approximately $96,000. FMR LLC increased its holdings in shares of Endeavor Group by 67.6% during the third 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 period. Everence Capital Management Inc. bought a new stake in shares of Endeavor Group during the fourth quarter valued at about $233,000. Tidal Investments LLC lifted its holdings in Endeavor Group by 7.9% in the third quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock worth $243,000 after purchasing an additional 620 shares during the period. Finally, ProShare Advisors LLC bought a new position in Endeavor Group in the 2nd quarter valued at about $255,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

Insider Buying and Selling

In other Endeavor Group news, CAO William K. Fullerton sold 2,225 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $30.58, for a total value of $68,040.50. Following the completion of the transaction, the chief accounting officer now directly owns 53,124 shares in the company, valued at $1,624,531.92. This trade represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Patrick Whitesell purchased 60,208 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the acquisition, the insider now directly owns 1,734,530 shares of the company’s stock, valued at $249,303,996.90. This trade represents a 3.60 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 867,661 shares of company stock worth $128,520,827. Corporate insiders own 63.90% of the company’s stock.

Endeavor Group Price Performance

Shares of Endeavor Group stock opened at $30.70 on Friday. Endeavor Group Holdings, Inc. has a 52 week low of $23.14 and a 52 week high of $32.67. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The company’s 50-day moving average price is $30.76 and its two-hundred day moving average price is $29.09. The stock has a market cap of $21.00 billion, a PE ratio of -14.98 and a beta of 0.74.

Endeavor Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.78%. The ex-dividend date was Monday, December 16th. Endeavor Group’s dividend payout ratio is presently -11.71%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Endeavor Group from a “sell” rating to a “hold” rating in a research report on Monday, January 13th. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Endeavor Group presently has a consensus rating of “Hold” and a consensus target price of $27.86.

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.