Geode Capital Management LLC Buys 79,212 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Geode Capital Management LLC boosted its stake in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,077,887 shares of the company’s stock after purchasing an additional 79,212 shares during the period. Geode Capital Management LLC owned 0.30% of Endeavor Group worth $59,367,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in shares of Endeavor Group in the second quarter valued at $130,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Endeavor Group by 28.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,723 shares of the company’s stock worth $1,074,000 after purchasing an additional 8,859 shares during the last quarter. Picton Mahoney Asset Management bought a new stake in shares of Endeavor Group in the 2nd quarter valued at about $2,703,000. Pentwater Capital Management LP lifted its stake in Endeavor Group by 457.0% in the 2nd quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company’s stock valued at $356,796,000 after purchasing an additional 10,830,000 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new position in Endeavor Group during the second quarter worth about $226,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

Insider Transactions at Endeavor Group

In other Endeavor Group news, major shareholder Patrick Whitesell purchased 263,200 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average cost of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the transaction, the insider now owns 418,587 shares in the company, valued at $61,519,731.39. The trade was a 169.38 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ariel Emanuel sold 149,280 shares of Endeavor Group stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the completion of the sale, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at $51,458,040.70. This trade represents a 7.54 % decrease in their position. The disclosure for this sale can be found here. Insiders own 63.90% of the company’s stock.

Endeavor Group Price Performance

Endeavor Group stock opened at $31.21 on Friday. The company has a market capitalization of $21.35 billion, a price-to-earnings ratio of -15.22 and a beta of 0.76. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. Endeavor Group Holdings, Inc. has a 12 month low of $22.75 and a 12 month high of $31.30. The stock’s 50 day moving average is $29.74 and its 200-day moving average is $28.28.

Endeavor Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.77%. The ex-dividend date is Monday, December 16th. Endeavor Group’s payout ratio is -11.71%.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Endeavor Group in a research note on Monday, December 9th. They issued a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average 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.