Pictet Asset Management Holding SA Acquires 6,069 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR)

Pictet Asset Management Holding SA boosted its holdings in Endeavor Group Holdings, Inc. (NYSE:EDR) by 21.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 34,358 shares of the company’s stock after purchasing an additional 6,069 shares during the period. Pictet Asset Management Holding SA’s holdings in Endeavor Group were worth $1,075,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. grew its stake in shares of Endeavor Group by 176.1% in the 4th 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 acquired a new stake in Endeavor Group in the 4th quarter valued at $96,000. FMR LLC grew its position in Endeavor Group by 67.6% in the third quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after acquiring an additional 2,248 shares during the period. KBC Group NV lifted its holdings in shares of Endeavor Group by 65.3% during the fourth quarter. KBC Group NV now owns 7,191 shares of the company’s stock valued at $225,000 after acquiring an additional 2,842 shares during the period. Finally, Everence Capital Management Inc. acquired a new stake in shares of Endeavor Group in the 4th quarter valued at $233,000. 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 bought 177,861 shares of the company’s stock in a transaction on Friday, February 7th. The stock was bought at an average price of $165.99 per share, for a total transaction of $29,523,147.39. Following the transaction, the insider now owns 2,188,966 shares of the company’s stock, valued at approximately $363,346,466.34. The trade was a 8.84 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Canada Pension Plan Investment sold 21,038,712 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $27.50, for a total value of $578,564,580.00. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 1,212,077 shares of company stock worth $191,824,043 and sold 21,178,742 shares worth $582,769,150. 63.90% of the stock is currently owned by corporate insiders.

Endeavor Group Trading Up 4.2 %

EDR opened at $30.05 on Monday. Endeavor Group Holdings, Inc. has a 1-year low of $26.29 and a 1-year high of $35.99. The stock has a market capitalization of $20.62 billion, a PE ratio of -14.66 and a beta of 0.72. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $30.63 and a two-hundred day moving average price of $30.12.

Endeavor Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.06 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.80%. Endeavor Group’s dividend payout ratio (DPR) is currently -9.02%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EDR. 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. StockNews.com started coverage on Endeavor Group in a research report on Wednesday, April 2nd. They issued a “sell” rating for the company.

Endeavor Group 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.