Insider Selling: Endeavor Group Holdings, Inc. (NYSE:EDR) Insider Sells 74,525 Shares of Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) insider Mark S. Shapiro sold 74,525 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 221,777 shares of the company’s stock, valued at approximately $6,662,181.08. This trade represents a 25.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Endeavor Group Price Performance

EDR traded up $1.04 on Tuesday, hitting $31.08. 541,804 shares of the company’s stock traded hands, compared to its average volume of 1,788,864. The company’s 50 day simple moving average is $31.38 and its 200-day simple moving average is $29.71. The firm has a market cap of $21.26 billion, a price-to-earnings ratio of -15.16 and a beta of 0.74. Endeavor Group Holdings, Inc. has a one year low of $23.14 and a one year high of $35.99. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28.

Endeavor Group Dividend Announcement

The firm 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 dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.77%. The ex-dividend date is Friday, February 28th. Endeavor Group’s dividend payout ratio (DPR) is presently -11.71%.

Institutional Trading of Endeavor Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Endeavor Group by 8.3% during the 4th quarter. Vanguard Group Inc. now owns 15,185,871 shares of the company’s stock valued at $475,166,000 after purchasing an additional 1,167,887 shares during the period. Toronto Dominion Bank bought a new stake in Endeavor Group during the 4th quarter valued at approximately $289,205,000. Athos Capital Ltd increased its stake in Endeavor Group by 135.9% in the 3rd quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock worth $220,460,000 after acquiring an additional 4,447,000 shares during the last quarter. LMR Partners LLP increased its stake in Endeavor Group by 41.6% in the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock worth $125,486,000 after acquiring an additional 1,290,867 shares during the last quarter. Finally, Steadfast Capital Management LP increased its stake in Endeavor Group by 207.9% in the 4th quarter. Steadfast Capital Management LP now owns 3,641,660 shares of the company’s stock worth $113,948,000 after acquiring an additional 2,458,800 shares during the last quarter. Institutional investors own 74.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Seaport Res Ptn cut Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 11th. StockNews.com cut Endeavor Group from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Two equities 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $27.86.

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.