Insider Selling: Endeavor Group Holdings, Inc. (NYSE:EDR) CAO Sells 13,280 Shares of Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) CAO Seth D. Krauss sold 13,280 shares of the business’s stock in a transaction on 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 $3,036,513.48. This trade represents a 11.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Endeavor Group Stock Up 3.5 %

Shares of EDR stock traded up $1.04 on Tuesday, reaching $31.08. 541,804 shares of the company’s stock traded hands, compared to its average volume of 1,788,864. Endeavor Group Holdings, Inc. has a 12-month low of $23.14 and a 12-month 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. The company has a market capitalization of $21.26 billion, a P/E ratio of -15.16 and a beta of 0.74. The business’s 50 day moving average price is $31.38 and its two-hundred day moving average price is $29.71.

Endeavor Group Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. Endeavor Group’s dividend payout ratio (DPR) is currently -11.71%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Endeavor Group by 8.3% in the fourth 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 in the last quarter. Toronto Dominion Bank purchased a new position in Endeavor Group in the fourth quarter valued at about $289,205,000. Athos Capital Ltd grew its stake in Endeavor Group by 135.9% in the third quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock valued at $220,460,000 after purchasing an additional 4,447,000 shares in the last quarter. LMR Partners LLP grew its stake in Endeavor Group by 41.6% in the third quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock valued at $125,486,000 after purchasing an additional 1,290,867 shares in the last quarter. Finally, Steadfast Capital Management LP grew its stake in Endeavor Group by 207.9% in the fourth quarter. Steadfast Capital Management LP now owns 3,641,660 shares of the company’s stock valued at $113,948,000 after purchasing an additional 2,458,800 shares in the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on EDR shares. StockNews.com lowered Endeavor Group from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Seaport Res Ptn lowered Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Endeavor Group has an average 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.