Insider Selling: Endeavor Group Holdings, Inc. (NYSE:EDR) CAO Sells $214,293.75 in Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) CAO William K. Fullerton sold 6,875 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $31.17, for a total value of $214,293.75. Following the completion of the transaction, the chief accounting officer now directly owns 53,255 shares of the company’s stock, valued at $1,659,958.35. This trade represents a 11.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Endeavor Group Stock Performance

Shares of Endeavor Group stock opened at $30.34 on Thursday. The firm’s fifty day simple moving average is $30.24 and its 200-day simple moving average is $28.69. Endeavor Group Holdings, Inc. has a 12 month low of $22.77 and a 12 month high of $31.49. The stock has a market capitalization of $20.76 billion, a price-to-earnings ratio of -14.80 and a beta of 0.74. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63.

Endeavor Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were issued a $0.06 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.79%. Endeavor Group’s payout ratio is -11.71%.

Hedge Funds Weigh In On Endeavor Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Everence Capital Management Inc. acquired a new stake in Endeavor Group during the 4th quarter worth approximately $233,000. Tidal Investments LLC lifted its holdings in shares of Endeavor Group by 7.9% during the third quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock worth $243,000 after purchasing an additional 620 shares during the period. Virtu Financial LLC acquired a new stake in shares of Endeavor Group during the third quarter worth $602,000. Geode Capital Management LLC increased its stake in Endeavor Group by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock valued at $59,367,000 after buying an additional 79,212 shares during the period. Finally, Barclays PLC raised its position in Endeavor Group by 5,247.7% during the 3rd quarter. Barclays PLC now owns 318,188 shares of the company’s stock worth $9,087,000 after buying an additional 312,238 shares during the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Endeavor Group from a “hold” rating to a “sell” rating in a report on Saturday, January 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently 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.