Insider Selling: Endeavor Group Holdings, Inc. (NYSE:EDR) CAO Sells $178,942.50 in Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) CAO William K. Fullerton sold 6,750 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $26.51, for a total transaction of $178,942.50. Following the sale, the chief accounting officer now directly owns 46,600 shares in the company, valued at approximately $1,235,366. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Endeavor Group Price Performance

Shares of Endeavor Group stock opened at $26.47 on Wednesday. The stock has a market capitalization of $18.33 billion, a price-to-earnings ratio of 25.45, a price-to-earnings-growth ratio of 1.93 and a beta of 0.79. The company has a fifty day moving average of $25.65 and a 200-day moving average of $24.44. Endeavor Group Holdings, Inc. has a 52-week low of $17.65 and a 52-week high of $26.63. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 1.24.

Endeavor Group (NYSE:EDR) last issued its earnings results on Wednesday, February 28th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Endeavor Group had a net margin of 5.98% and a return on equity of 1.05%. Equities research analysts expect that Endeavor Group Holdings, Inc. will post 1.27 EPS for the current year.

Endeavor Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.06 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.91%. Endeavor Group’s dividend payout ratio is currently 23.08%.

Analyst Ratings Changes

EDR has been the topic of several research analyst reports. Citigroup cut shares of Endeavor Group from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $29.00 to $27.50 in a report on Monday, April 15th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $27.50 price target (down previously from $29.00) on shares of Endeavor Group in a report on Thursday, April 4th. StockNews.com started coverage on Endeavor Group in a report on Tuesday. They set a “hold” rating for the company. TD Cowen lifted their target price on shares of Endeavor Group from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Finally, Guggenheim reissued a “neutral” rating and issued a $27.50 price target (down previously from $36.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Endeavor Group currently has an average rating of “Hold” and an average target price of $29.30.

Hedge Funds Weigh In On Endeavor Group

Several hedge funds have recently made changes to their positions in EDR. Morgan Stanley boosted its holdings in Endeavor Group by 3.8% in the third quarter. Morgan Stanley now owns 12,278,380 shares of the company’s stock valued at $244,340,000 after acquiring an additional 454,790 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Endeavor Group by 2.4% in the 3rd quarter. Clearbridge Investments LLC now owns 4,300,851 shares of the company’s stock worth $85,587,000 after purchasing an additional 100,396 shares during the period. Vanguard Group Inc. boosted its stake in shares of Endeavor Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 14,651,192 shares of the company’s stock valued at $291,559,000 after purchasing an additional 254,550 shares in the last quarter. FMR LLC increased its position in shares of Endeavor Group by 3.7% during the third quarter. FMR LLC now owns 5,145,883 shares of the company’s stock valued at $102,403,000 after buying an additional 184,212 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Endeavor Group by 10.3% in the third quarter. Bank of New York Mellon Corp now owns 281,396 shares of the company’s stock worth $5,600,000 after buying an additional 26,178 shares during the period. 71.37% of the stock is owned by hedge funds and other institutional investors.

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.