Natixis Advisors L.P. Acquires 120,258 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Natixis Advisors L.P. grew its stake in Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) by 16.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 837,210 shares of the company's stock after acquiring an additional 120,258 shares during the quarter. Natixis Advisors L.P. owned about 0.12% of Endeavor Group worth $19,866,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Lindbrook Capital LLC boosted its position in shares of Endeavor Group by 200.2% in the fourth quarter. Lindbrook Capital LLC now owns 1,540 shares of the company's stock worth $37,000 after acquiring an additional 1,027 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Endeavor Group by 5.2% during the 4th quarter. Cerity Partners LLC now owns 11,832 shares of the company's stock valued at $281,000 after buying an additional 590 shares during the period. Steph & Co. boosted its holdings in Endeavor Group by 5.1% in the third quarter. Steph & Co. now owns 12,088 shares of the company's stock valued at $241,000 after acquiring an additional 591 shares during the last quarter. Algert Global LLC purchased a new position in shares of Endeavor Group in the 3rd quarter worth about $246,000. Finally, Sandler Capital Management acquired a new stake in Endeavor Group during the 3rd quarter valued at approximately $298,000. Institutional investors and hedge funds own 71.37% of the company's stock.

Insider Activity

In other news, CAO Seth D. Krauss sold 17,950 shares of Endeavor Group stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total transaction of $432,236.00. Following the transaction, the chief accounting officer now owns 62,055 shares in the company, valued at $1,494,284.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Patrick Whitesell acquired 1,642,970 shares of the company's stock in a transaction that occurred on Tuesday, April 9th. The shares were purchased at an average price of $89.01 per share, for a total transaction of $146,240,759.70. Following the completion of the acquisition, the insider now owns 1,642,970 shares of the company's stock, valued at approximately $146,240,759.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Seth D. Krauss sold 17,950 shares of Endeavor Group stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $24.08, for a total transaction of $432,236.00. Following the completion of the sale, the chief accounting officer now directly owns 62,055 shares of the company's stock, valued at approximately $1,494,284.40. The disclosure for this sale can be found here. Insiders have sold 176,633 shares of company stock worth $4,317,277 over the last 90 days. 82.08% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. TD Cowen raised their price target on shares of Endeavor Group from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Monday, March 25th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $27.50 price target (down previously from $30.00) on shares of Endeavor Group in a research report on Friday, April 5th. Citigroup downgraded Endeavor Group from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $29.00 to $27.50 in a research note on Monday, April 15th. Jefferies Financial Group reiterated a "hold" rating and issued a $27.50 target price (down previously from $29.00) on shares of Endeavor Group in a research report on Thursday, April 4th. Finally, StockNews.com initiated coverage on Endeavor Group in a research report on Monday, April 29th. They set a "hold" rating on the stock. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Endeavor Group presently has an average rating of "Hold" and a consensus price target of $29.30.

Endeavor Group Price Performance

Shares of EDR stock traded down $0.04 during mid-day trading on Monday, hitting $26.46. 3,090,821 shares of the stock traded hands, compared to its average volume of 4,199,703. Endeavor Group Holdings, Inc. has a twelve month low of $17.65 and a twelve month high of $26.63. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 1.24. The company's 50-day simple moving average is $25.59 and its 200-day simple moving average is $24.38. The firm has a market cap of $18.32 billion, a price-to-earnings ratio of 25.44, a price-to-earnings-growth ratio of 1.93 and a beta of 0.79.

Endeavor Group (NYSE:EDR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The company had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.55 billion. Endeavor Group had a net margin of 5.98% and a return on equity of 1.05%. As a group, 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 company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Thursday, March 14th. Endeavor Group's payout ratio is 23.08%.

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.