Insider Selling: Endeavor Group Holdings, Inc. (NYSE:EDR) CAO Sells $178,942.50 in Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) CAO William K. Fullerton sold 6,750 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $26.51, for a total transaction of $178,942.50. Following the completion of the sale, the chief accounting officer now owns 46,600 shares of the company’s stock, valued at $1,235,366. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Endeavor Group Price Performance

NYSE:EDR opened at $26.41 on Friday. The company has a 50 day moving average price of $25.80 and a 200-day moving average price of $24.52. Endeavor Group Holdings, Inc. has a 1-year low of $17.65 and a 1-year high of $26.63. The firm has a market cap of $18.29 billion, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 1.93 and a beta of 0.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 1.24.

Endeavor Group (NYSE:EDR) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. Endeavor Group had a net margin of 5.98% and a return on equity of 1.05%. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.55 billion. Equities research analysts forecast that Endeavor Group Holdings, Inc. will post 1.27 EPS for the current year.

Endeavor Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Thursday, March 14th. Endeavor Group’s dividend payout ratio (DPR) is presently 23.08%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EDR. Morgan Stanley lifted its holdings in Endeavor Group by 3.8% during the third quarter. Morgan Stanley now owns 12,278,380 shares of the company’s stock valued at $244,340,000 after purchasing an additional 454,790 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Endeavor Group by 2.4% during the third quarter. Clearbridge Investments LLC now owns 4,300,851 shares of the company’s stock worth $85,587,000 after purchasing an additional 100,396 shares in the last quarter. Vanguard Group Inc. raised its stake in Endeavor Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 14,651,192 shares of the company’s stock valued at $291,559,000 after purchasing an additional 254,550 shares during the last quarter. FMR LLC raised its stake in Endeavor Group by 3.7% in the 3rd quarter. FMR LLC now owns 5,145,883 shares of the company’s stock valued at $102,403,000 after purchasing an additional 184,212 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Endeavor Group by 10.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 281,396 shares of the company’s stock valued at $5,600,000 after purchasing an additional 26,178 shares in the last quarter. Hedge funds and other institutional investors own 71.37% of the company’s stock.

Wall Street Analysts Forecast Growth

EDR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $27.50 price objective (down previously from $30.00) on shares of Endeavor Group in a research report on Friday, April 5th. Seaport Res Ptn lowered shares of Endeavor Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 2nd. Guggenheim reaffirmed a “neutral” rating and set a $27.50 price target (down previously from $36.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. UBS Group reissued a “neutral” rating and issued a $27.50 price objective (down from $31.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. Finally, Evercore ISI restated an “in-line” rating and set a $27.50 price objective (down from $28.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $29.30.

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.