Endeavor Group Holdings, Inc. (NYSE:EDR) Stake Raised by NewEdge Wealth LLC

NewEdge Wealth LLC grew its holdings in shares of Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 7.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 752,508 shares of the company's stock after buying an additional 54,780 shares during the period. NewEdge Wealth LLC owned 0.11% of Endeavor Group worth $17,857,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Advisory Services Network LLC raised its holdings in Endeavor Group by 134.2% during the first quarter. Advisory Services Network LLC now owns 1,150 shares of the company's stock worth $28,000 after purchasing an additional 659 shares in the last quarter. Ossiam acquired a new position in Endeavor Group during the 1st quarter worth $60,000. Advisors Asset Management Inc. acquired a new position in shares of Endeavor Group during the fourth quarter valued at about $72,000. Citigroup Inc. raised its position in shares of Endeavor Group by 14.6% during the fourth quarter. Citigroup Inc. now owns 3,878 shares of the company's stock valued at $87,000 after buying an additional 493 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in Endeavor Group in the third quarter valued at about $95,000. Institutional investors own 71.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on EDR shares. Guggenheim reaffirmed a "neutral" rating and set a $27.50 price objective (down from $36.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $27.50 price objective (down previously from $30.00) on shares of Endeavor Group in a research note on Friday, April 5th. Seaport Res Ptn cut shares of Endeavor Group from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 2nd. UBS Group reaffirmed a "neutral" rating and set a $27.50 price target (down from $31.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. Finally, StockNews.com cut shares of Endeavor Group from a "hold" rating to a "sell" rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $29.85.

Endeavor Group Stock Performance

NYSE EDR traded up $0.03 during trading hours on Friday, reaching $26.43. 3,947,931 shares of the company were exchanged, compared to its average volume of 4,361,581. Endeavor Group Holdings, Inc. has a 1 year low of $17.65 and a 1 year high of $26.63. The business's 50 day simple moving average is $24.92 and its 200-day simple moving average is $23.61. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $18.30 billion, a P/E ratio of 25.41, a P/E/G ratio of 1.92 and a beta of 0.82.

Endeavor Group (NYSE:EDR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.07. Endeavor Group had a net margin of 5.98% and a return on equity of 1.05%. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.55 billion. On average, equities research analysts expect that Endeavor Group Holdings, Inc. will post 1.27 earnings per share for the current year.

Endeavor Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.24 dividend on an annualized basis and a yield of 0.91%. Endeavor Group's dividend payout ratio (DPR) is presently 23.08%.

Insider Buying and Selling

In other Endeavor Group news, major shareholder Patrick Whitesell bought 1,642,970 shares of Endeavor Group stock in a transaction dated Tuesday, April 9th. The stock was purchased at an average price of $89.01 per share, for a total transaction of $146,240,759.70. Following the completion of the purchase, the insider now directly owns 1,642,970 shares of the company's stock, valued at $146,240,759.70. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Jason Lublin sold 20,832 shares of Endeavor Group stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $26.52, for a total value of $552,464.64. Following the completion of the transaction, the chief financial officer now owns 130,187 shares in the company, valued at $3,452,559.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Patrick Whitesell bought 1,642,970 shares of Endeavor Group stock in a transaction dated Tuesday, April 9th. The stock was acquired at an average price of $89.01 per share, with a total value of $146,240,759.70. Following the purchase, the insider now directly owns 1,642,970 shares of the company's stock, valued at $146,240,759.70. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 198,613 shares of company stock worth $4,874,524. Insiders own 82.08% of the company's stock.

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.

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