Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report) insider Mark S. Shapiro sold 74,525 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $30.04, for a total value of $2,238,731.00. Following the completion of the transaction, the insider now owns 221,777 shares in the company, valued at $6,662,181.08. This trade represents a 25.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Endeavor Group Price Performance
Shares of NYSE:EDR traded up $1.29 during trading on Friday, hitting $32.05. 964,027 shares of the stock were exchanged, compared to its average volume of 1,690,828. The company has a fifty day moving average price of $31.39 and a two-hundred day moving average price of $29.76. The company 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 Holdings, Inc. has a 12-month low of $23.51 and a 12-month high of $35.99.
Endeavor Group Announces Dividend
The company also recently declared 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 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, February 28th. Endeavor Group's dividend payout ratio (DPR) is -9.02%.
Institutional Investors Weigh In On Endeavor Group
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Endeavor Group by 8.3% during the 4th quarter. Vanguard Group Inc. now owns 15,185,871 shares of the company's stock worth $475,166,000 after acquiring an additional 1,167,887 shares in the last quarter. Toronto Dominion Bank purchased a new stake in Endeavor Group in the 4th quarter valued at approximately $289,205,000. Athos Capital Ltd lifted its stake in Endeavor Group by 135.9% in the 3rd quarter. Athos Capital Ltd now owns 7,719,200 shares of the company's stock valued at $220,460,000 after buying an additional 4,447,000 shares in the last quarter. LMR Partners LLP lifted its stake in Endeavor Group by 41.6% in the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company's stock valued at $125,486,000 after buying an additional 1,290,867 shares in the last quarter. Finally, Steadfast Capital Management LP lifted its stake in Endeavor Group by 207.9% in the 4th quarter. Steadfast Capital Management LP now owns 3,641,660 shares of the company's stock valued at $113,948,000 after buying an additional 2,458,800 shares in the last quarter. Hedge funds and other institutional investors own 74.99% of the company's stock.
Analyst Ratings Changes
Several research firms have issued reports on EDR. Seaport Res Ptn cut Endeavor Group from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 11th. StockNews.com cut Endeavor Group from a "hold" rating to a "sell" rating in a research report on Monday, February 10th. Two equities research 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, the stock has a consensus rating of "Hold" and an average price target of $27.86.
View Our Latest Stock Report on EDR
About Endeavor Group
(
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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.
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