Endeavor Group (NYSE:EDR) Stock Price Down 5.7% – Time to Sell?

Endeavor Group Holdings, Inc. (NYSE:EDR) shares fell 5.7% during mid-day trading on Tuesday . The company traded as low as $34.17 and last traded at $33.16. 29,258 shares changed hands during trading, a decline of 99% from the average session volume of 1,985,523 shares. The stock had previously closed at $35.17.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EDR. StockNews.com lowered shares of Endeavor Group from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. Seaport Res Ptn cut shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $27.86.

Endeavor Group Trading Down 12.8 %

The firm’s 50-day simple moving average is $31.39 and its 200 day simple moving average is $29.59. The firm has a market cap of $20.99 billion, a P/E ratio of -14.96 and a beta of 0.74. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28.

Endeavor Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.06 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.24 annualized dividend and a yield of 0.78%. Endeavor Group’s payout ratio is -11.71%.

Insiders Place Their Bets

In other news, major shareholder Patrick Whitesell purchased 117,769 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was bought at an average price of $175.40 per share, for a total transaction of $20,656,682.60. Following the purchase, the insider now owns 2,579,437 shares of the company’s stock, valued at $452,433,249.80. The trade was a 4.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO William K. Fullerton sold 2,225 shares of Endeavor Group stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $30.58, for a total value of $68,040.50. Following the completion of the sale, the chief accounting officer now directly owns 53,124 shares of the company’s stock, valued at approximately $1,624,531.92. This trade represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. Insiders bought 1,535,485 shares of company stock valued at $239,160,243 over the last ninety days. 63.90% of the stock is currently owned by insiders.

Institutional Trading of Endeavor Group

Institutional investors have recently modified their holdings of the business. Kapitalo Investimentos Ltda bought a new stake in Endeavor Group during the 4th quarter valued at $51,000. Blue Trust Inc. grew its position in shares of Endeavor Group by 176.1% in 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 in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Endeavor Group during the 4th quarter valued at $96,000. BNP Paribas Financial Markets purchased a new stake in Endeavor Group during the 4th quarter worth about $120,000. Finally, FMR LLC lifted its holdings in Endeavor Group by 67.6% during the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after purchasing an additional 2,248 shares in the last quarter. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

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.