Insider Selling: Endeavor Group Holdings, Inc. (NYSE:EDR) CFO Sells 50,000 Shares of Stock

Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report) CFO Jason Lublin sold 50,000 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $29.98, for a total transaction of $1,499,000.00. Following the completion of the transaction, the chief financial officer now directly owns 219,613 shares in the company, valued at $6,583,997.74. This represents a 18.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Endeavor Group Price Performance

Shares of NYSE EDR traded up $1.29 during mid-day trading on Friday, reaching $32.05. 964,027 shares of the company traded hands, compared to its average volume of 1,690,828. Endeavor Group Holdings, Inc. has a fifty-two week low of $23.51 and a fifty-two week high of $35.99. 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 has a market cap of $21.93 billion, a PE ratio of -15.63 and a beta of 0.74. The stock has a fifty day simple moving average of $31.39 and a 200-day simple moving average of $29.76.

Endeavor Group Announces Dividend

The business 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 dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.75%. Endeavor Group's dividend payout ratio is presently -9.02%.

Remove Ads

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EDR. Kapitalo Investimentos Ltda acquired a new position in shares of Endeavor Group during the fourth quarter valued at approximately $51,000. Blue Trust Inc. grew its position in Endeavor Group by 176.1% in the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company's stock worth $66,000 after buying an additional 1,469 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Endeavor Group in the fourth quarter worth approximately $96,000. BNP Paribas Financial Markets acquired a new position in Endeavor Group in the fourth quarter worth approximately $120,000. Finally, 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 worth $159,000 after buying an additional 2,248 shares during the last quarter. 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.