Portfolio Design Labs LLC Purchases 41,665 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Portfolio Design Labs LLC boosted its position in Endeavor Group Holdings, Inc. (NYSE:EDR) by 42.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 139,243 shares of the company’s stock after purchasing an additional 41,665 shares during the period. Endeavor Group comprises 0.9% of Portfolio Design Labs LLC’s portfolio, making the stock its 26th biggest holding. Portfolio Design Labs LLC’s holdings in Endeavor Group were worth $4,357,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. grew its holdings in Endeavor Group by 176.1% during the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock valued at $66,000 after purchasing an additional 1,469 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Endeavor Group during the 4th quarter valued at approximately $96,000. FMR LLC increased its holdings in Endeavor Group by 67.6% in the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after acquiring an additional 2,248 shares in the last quarter. KBC Group NV raised its stake in Endeavor Group by 65.3% during the 4th quarter. KBC Group NV now owns 7,191 shares of the company’s stock worth $225,000 after acquiring an additional 2,842 shares during the period. Finally, Everence Capital Management Inc. purchased a new position in Endeavor Group during the fourth quarter valued at approximately $233,000. 74.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Endeavor Group from a “hold” rating to a “sell” rating in a research note on Monday. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $27.86.

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, major shareholder Patrick Whitesell bought 263,200 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the acquisition, the insider now owns 418,587 shares in the company, valued at $61,519,731.39. This trade represents a 169.38 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO William K. Fullerton sold 6,875 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $31.17, for a total transaction of $214,293.75. Following the sale, the chief accounting officer now directly owns 53,255 shares in the company, valued at approximately $1,659,958.35. The trade was a 11.43 % decrease in their position. The disclosure for this sale can be found here. Insiders purchased 1,301,460 shares of company stock valued at $198,504,040 in the last 90 days. Insiders own 63.90% of the company’s stock.

Endeavor Group Trading Up 3.1 %

Endeavor Group stock opened at $34.55 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. The firm’s 50 day moving average price is $31.00 and its 200-day moving average price is $29.35. Endeavor Group Holdings, Inc. has a 1 year low of $23.14 and a 1 year high of $34.77. The stock has a market cap of $23.64 billion, a P/E ratio of -16.85 and a beta of 0.74.

Endeavor Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Monday, December 16th. Endeavor Group’s payout ratio is currently -11.71%.

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.