Vanguard Group Inc. Sells 1,186,999 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Vanguard Group Inc. lessened its stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,464,193 shares of the company’s stock after selling 1,186,999 shares during the period. Vanguard Group Inc. owned approximately 1.94% of Endeavor Group worth $319,505,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Cerity Partners LLC raised its holdings in Endeavor Group by 5.2% in the 4th quarter. Cerity Partners LLC now owns 11,832 shares of the company’s stock worth $281,000 after acquiring an additional 590 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Endeavor Group by 4.7% during the third quarter. HighTower Advisors LLC now owns 16,037 shares of the company’s stock valued at $319,000 after purchasing an additional 721 shares in the last quarter. Mirador Capital Partners LP boosted its position in shares of Endeavor Group by 3.8% during the fourth quarter. Mirador Capital Partners LP now owns 20,184 shares of the company’s stock valued at $479,000 after buying an additional 732 shares during the last quarter. Lindbrook Capital LLC increased its holdings in Endeavor Group by 200.2% in the 4th quarter. Lindbrook Capital LLC now owns 1,540 shares of the company’s stock worth $37,000 after buying an additional 1,027 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in Endeavor Group by 7.8% in the 3rd quarter. Hsbc Holdings PLC now owns 37,877 shares of the company’s stock worth $754,000 after buying an additional 2,740 shares during the last quarter. Hedge funds and other institutional investors own 71.37% of the company’s stock.

Insider Activity

In related news, CAO William K. Fullerton sold 6,750 shares of Endeavor Group stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $26.51, for a total transaction of $178,942.50. Following the sale, the chief accounting officer now owns 46,600 shares of the company’s stock, valued at approximately $1,235,366. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Jason Lublin sold 20,832 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $26.52, for a total value of $552,464.64. Following the sale, the chief financial officer now directly owns 130,187 shares in the company, valued at $3,452,559.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO William K. Fullerton sold 6,750 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $26.51, for a total value of $178,942.50. Following the transaction, the chief accounting officer now owns 46,600 shares of the company’s stock, valued at approximately $1,235,366. The disclosure for this sale can be found here. Insiders have sold 69,246 shares of company stock worth $1,843,419 over the last ninety days. Corporate insiders own 63.90% of the company’s stock.

Endeavor Group Stock Up 0.5 %

NYSE EDR opened at $27.03 on Friday. The stock’s 50-day moving average price is $26.68 and its 200-day moving average price is $25.34. The company has a market capitalization of $18.73 billion, a P/E ratio of 49.15 and a beta of 0.78. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.44. Endeavor Group Holdings, Inc. has a 52 week low of $17.65 and a 52 week high of $27.05.

Endeavor Group (NYSE:EDR) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.50. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.93 billion. Endeavor Group had a net margin of 3.40% and a return on equity of 2.86%. On average, equities research analysts predict that Endeavor Group Holdings, Inc. will post 1.4 earnings per share for the current year.

Endeavor Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.24 dividend on an annualized basis and a yield of 0.89%. Endeavor Group’s dividend payout ratio is presently 43.64%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. UBS Group reaffirmed a “neutral” rating and set a $27.50 price target (down previously from $31.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. Guggenheim reiterated a “neutral” rating and set a $27.50 target price (down from $36.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Citigroup downgraded Endeavor Group from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $29.00 to $27.50 in a research note on Monday, April 15th. TD Cowen lifted their price objective on Endeavor Group from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $27.50 target price (down previously from $29.00) on shares of Endeavor Group in a report on Thursday, April 4th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.89.

About Endeavor Group

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.