Endeavor Group Holdings, Inc. (NYSE:EDR) CAO Seth D. Krauss Sells 13,280 Shares of Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) CAO Seth D. Krauss sold 13,280 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $30.03, for a total value of $398,798.40. Following the sale, the chief accounting officer now directly owns 101,116 shares in the company, valued at approximately $3,036,513.48. This trade represents a 11.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Endeavor Group Stock Performance

Shares of NYSE:EDR opened at $31.08 on Wednesday. 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 business’s 50 day moving average price is $31.38 and its 200-day moving average price is $29.71. The firm has a market capitalization of $21.26 billion, a PE ratio of -15.16 and a beta of 0.74. Endeavor Group Holdings, Inc. has a 1 year low of $23.14 and a 1 year high of $35.99.

Endeavor Group Dividend Announcement

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 $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Friday, February 28th. Endeavor Group’s dividend payout ratio is presently -11.71%.

Analysts Set New Price Targets

EDR has been the topic of a number of recent analyst reports. StockNews.com downgraded Endeavor Group from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Seaport Res Ptn downgraded Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $27.86.

Institutional Trading of Endeavor Group

A number of institutional investors have recently made changes to their positions in EDR. Kapitalo Investimentos Ltda acquired a new stake in shares of Endeavor Group in the fourth quarter worth approximately $51,000. Blue Trust Inc. boosted its stake in shares of 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 acquiring an additional 1,469 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Endeavor Group in the fourth quarter worth approximately $96,000. BNP Paribas Financial Markets acquired a new stake in shares of Endeavor Group in the fourth quarter worth approximately $120,000. Finally, FMR LLC boosted its stake in Endeavor Group by 67.6% during 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. 74.99% of the stock is owned by institutional investors and hedge funds.

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.