Seth D. Krauss Sells 13,280 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) Stock

Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report) CAO Seth D. Krauss sold 13,280 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $30.03, for a total transaction of $398,798.40. Following the completion of the transaction, the chief accounting officer now directly owns 101,116 shares of the company's stock, valued at approximately $3,036,513.48. This trade represents a 11.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Endeavor Group Stock Performance

Shares of EDR traded up $1.29 during midday trading on Friday, reaching $32.05. The stock had a trading volume of 964,027 shares, compared to its average volume of 1,690,828. The firm has a 50 day simple moving average of $31.39 and a 200-day simple moving average of $29.76. Endeavor Group Holdings, Inc. has a one year low of $23.51 and a one year high of $35.99. The firm has a market cap of $21.93 billion, a PE ratio of -15.63 and a beta of 0.74. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Friday, February 28th. Endeavor Group's dividend payout ratio is presently -9.02%.

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Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Seaport Res Ptn downgraded shares of Endeavor Group from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 11th. StockNews.com downgraded shares of Endeavor Group from a "hold" rating to a "sell" rating in a research report on Monday, February 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $27.86.

Institutional Trading of Endeavor Group

A number of hedge funds have recently modified their holdings of the stock. Polar Asset Management Partners Inc. lifted its stake in shares of Endeavor Group by 7.5% during the 4th quarter. Polar Asset Management Partners Inc. now owns 2,150,000 shares of the company's stock worth $67,274,000 after buying an additional 150,000 shares during the last quarter. Credit Industriel ET Commercial acquired a new stake in shares of Endeavor Group during the 4th quarter worth about $8,426,000. Ascent Group LLC lifted its stake in shares of Endeavor Group by 21.8% during the 4th quarter. Ascent Group LLC now owns 89,711 shares of the company's stock worth $2,807,000 after buying an additional 16,080 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Endeavor Group during the 4th quarter worth about $810,000. Finally, Vise Technologies Inc. acquired a new stake in shares of Endeavor Group during the 4th quarter worth about $238,000. Institutional investors and hedge funds own 74.99% of the company's stock.

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.