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 Endeavor Group stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $30.04, for a total value of $2,238,731.00. Following the transaction, the insider now owns 221,777 shares of the company’s stock, valued at $6,662,181.08. This represents a 25.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Endeavor Group Stock Up 0.1 %

EDR opened at $30.86 on Friday. The stock has a fifty day moving average of $31.38 and a 200-day moving average of $29.73. The company has a market capitalization of $21.11 billion, a P/E ratio of -15.05 and a beta of 0.74. Endeavor Group Holdings, Inc. has a fifty-two week low of $23.20 and a fifty-two week high of $35.99. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63.

Endeavor Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Friday, February 28th. Endeavor Group’s dividend payout ratio (DPR) is -11.71%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Seaport Res Ptn downgraded Endeavor Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 11th. StockNews.com cut shares of Endeavor Group from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $27.86.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EDR. Kapitalo Investimentos Ltda bought a new stake in shares of Endeavor Group in the fourth quarter valued at approximately $51,000. Blue Trust Inc. raised its holdings 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 acquiring an additional 1,469 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Endeavor Group during the 4th quarter valued at $96,000. BNP Paribas Financial Markets acquired a new stake in shares of Endeavor Group during the 4th quarter worth $120,000. Finally, FMR LLC increased its position in shares of Endeavor Group by 67.6% in the third quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after purchasing an additional 2,248 shares during the period. Institutional investors and hedge funds own 74.99% of the company’s stock.

Endeavor Group Company Profile

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.