Endeavor Group Holdings, Inc. (NYSE:EDR) CAO Sells $68,040.50 in Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) CAO William K. Fullerton sold 2,225 shares of the company’s 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 transaction, the chief accounting officer now directly owns 53,124 shares of the company’s stock, valued at $1,624,531.92. The trade was a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Endeavor Group Trading Up 1.0 %

EDR stock opened at $30.66 on Wednesday. Endeavor Group Holdings, Inc. has a 12-month low of $22.77 and a 12-month high of $31.49. The business’s 50-day moving average is $30.33 and its 200 day moving average is $28.80. 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 stock has a market cap of $20.98 billion, a price-to-earnings ratio of -14.96 and a beta of 0.74.

Endeavor Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Monday, December 16th. Endeavor Group’s dividend payout ratio is presently -11.71%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. LMR Partners LLP boosted its stake in Endeavor Group by 41.6% during the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock worth $125,486,000 after purchasing an additional 1,290,867 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Endeavor Group by 4.0% in the third quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock worth $59,367,000 after buying an additional 79,212 shares in the last quarter. Moran Wealth Management LLC acquired a new position in Endeavor Group during the third quarter worth about $2,870,000. Davide Leone & Partners Investment Co Ltd. grew its stake in Endeavor Group by 81.0% during the 2nd quarter. Davide Leone & Partners Investment Co Ltd. now owns 848,945 shares of the company’s stock valued at $22,947,000 after acquiring an additional 380,000 shares in the last quarter. Finally, Athos Capital Ltd raised its holdings 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 acquiring an additional 4,447,000 shares during the last quarter. 74.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Endeavor Group from a “sell” rating to a “hold” rating in a research report on Monday. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $27.86.

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.