Endeavor Group Holdings, Inc. (NYSE:EDR) Insider Sells $2,238,731.00 in Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) 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 sale, the insider now directly owns 221,777 shares of the company’s stock, valued at $6,662,181.08. The trade was a 25.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Endeavor Group Stock Performance

Shares of EDR stock opened at $31.08 on Wednesday. The stock has a market capitalization of $21.26 billion, a PE ratio of -15.16 and a beta of 0.74. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. The stock’s 50-day moving average price is $31.38 and its 200 day moving average price is $29.71. Endeavor Group Holdings, Inc. has a 52-week low of $23.14 and a 52-week high of $35.99.

Endeavor Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Friday, February 28th. Endeavor Group’s payout ratio is currently -11.71%.

Institutional Investors Weigh In On Endeavor Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kapitalo Investimentos Ltda purchased a new stake in Endeavor Group in the 4th quarter valued at approximately $51,000. Blue Trust Inc. lifted its stake in Endeavor Group by 176.1% in the 4th quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock valued at $66,000 after buying an additional 1,469 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Endeavor Group in the 4th quarter valued at approximately $96,000. BNP Paribas Financial Markets purchased a new stake in Endeavor Group in the 4th quarter valued at approximately $120,000. Finally, FMR LLC lifted its stake in Endeavor Group by 67.6% in the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after buying an additional 2,248 shares in the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on EDR. Seaport Res Ptn downgraded Endeavor Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 11th. StockNews.com downgraded Endeavor Group from a “hold” rating to a “sell” rating in a report 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 MarketBeat, Endeavor Group has a consensus rating of “Hold” and a consensus 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.