Jason Lublin Sells 20,832 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) CFO Jason Lublin sold 20,832 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $27.28, for a total value of $568,296.96. Following the transaction, the chief financial officer now owns 130,187 shares of the company’s stock, valued at $3,551,501.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Jason Lublin also recently made the following trade(s):

• On Wednesday, June 5th, Jason Lublin sold 20,832 shares of Endeavor Group stock. The shares were sold at an average price of $26.87, for a total transaction of $559,755.84.
• On Tuesday, May 14th, Jason Lublin sold 20,832 shares of Endeavor Group stock. The shares were sold at an average price of $26.51, for a total transaction of $552,256.32.

Endeavor Group Stock Down 0.5 %

EDR stock opened at $27.30 on Friday. The company’s 50 day moving average price is $27.06 and its 200 day moving average price is $25.97. The firm has a market capitalization of $18.92 billion, a price-to-earnings ratio of 49.64 and a beta of 0.78. Endeavor Group Holdings, Inc. has a fifty-two week low of $17.65 and a fifty-two week high of $27.62. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.16.

Endeavor Group (NYSE:EDR) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.50. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.93 billion. Endeavor Group had a net margin of 3.40% and a return on equity of 2.86%. On average, equities research analysts anticipate that Endeavor Group Holdings, Inc. will post 1.4 EPS for the current fiscal year.

Endeavor Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $0.06 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.88%. Endeavor Group’s payout ratio is currently 43.64%.

Institutional Investors Weigh In On Endeavor Group

Several institutional investors have recently added to or reduced their stakes in EDR. Lindbrook Capital LLC raised its holdings in Endeavor Group by 200.2% during the fourth quarter. Lindbrook Capital LLC now owns 1,540 shares of the company’s stock worth $37,000 after purchasing an additional 1,027 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Endeavor Group by 14.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock worth $76,000 after acquiring an additional 399 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Endeavor Group in the first quarter valued at $102,000. SG Americas Securities LLC purchased a new position in shares of Endeavor Group during the second quarter worth about $130,000. Finally, Quest Partners LLC purchased a new position in shares of Endeavor Group during the fourth quarter worth about $177,000. Hedge funds and other institutional investors own 71.37% of the company’s stock.

Analyst Upgrades and Downgrades

EDR has been the subject of several research reports. Citigroup downgraded shares of Endeavor Group from a “buy” rating to a “neutral” rating and dropped their target price for the company from $29.00 to $27.50 in a report on Monday, April 15th. StockNews.com began coverage on Endeavor Group in a report on Saturday. They issued a “hold” rating on the stock. JPMorgan Chase & Co. restated a “neutral” rating and set a $27.50 target price (down from $30.00) on shares of Endeavor Group in a report on Friday, April 5th. Finally, Piper Sandler lowered shares of Endeavor Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 13th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Endeavor Group has a consensus rating of “Hold” and an average target price of $28.75.

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.