Endeavor Group Holdings, Inc. (NYSE:EDR) CAO William K. Fullerton Sells 6,750 Shares

Endeavor Group Holdings, Inc. (NYSE:EDR) CAO William K. Fullerton sold 6,750 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $26.51, for a total value of $178,942.50. Following the completion of the transaction, the chief accounting officer now owns 46,600 shares in the company, valued at $1,235,366. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Endeavor Group Stock Performance

Shares of EDR remained flat at $26.47 during midday trading on Tuesday. 2,721,332 shares of the stock traded hands, compared to its average volume of 4,182,903. The company’s fifty day simple moving average is $25.65 and its 200 day simple moving average is $24.44. The company has a market capitalization of $18.33 billion, a price-to-earnings ratio of 25.49, a PEG 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 Holdings, Inc. has a 52 week low of $17.65 and a 52 week high of $26.63.

Endeavor Group (NYSE:EDR) last posted its earnings results on Wednesday, February 28th. The company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Endeavor Group had a net margin of 5.98% and a return on equity of 1.05%. As a group, equities research analysts forecast that Endeavor Group Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Endeavor Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on EDR shares. Seaport Res Ptn lowered shares of Endeavor Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 2nd. Jefferies Financial Group restated a “hold” rating and set a $27.50 target price (down previously from $29.00) on shares of Endeavor Group in a report on Thursday, April 4th. Citigroup lowered Endeavor Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from $29.00 to $27.50 in a research note on Monday, April 15th. Evercore ISI reissued an “in-line” rating and set a $27.50 price target (down from $28.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Finally, Guggenheim reaffirmed a “neutral” rating and set a $27.50 target price (down from $36.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $29.30.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Lindbrook Capital LLC boosted its position in shares of Endeavor Group by 200.2% during the 4th quarter. Lindbrook Capital LLC now owns 1,540 shares of the company’s stock valued at $37,000 after purchasing an additional 1,027 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Endeavor Group by 14.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock worth $76,000 after buying an additional 399 shares in the last quarter. Quest Partners LLC acquired a new position in Endeavor Group in the fourth quarter worth approximately $177,000. Steph & Co. increased its holdings in shares of Endeavor Group by 5.1% in the third quarter. Steph & Co. now owns 12,088 shares of the company’s stock valued at $241,000 after buying an additional 591 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in shares of Endeavor Group during the 3rd quarter valued at $246,000. Institutional investors own 71.37% of the company’s stock.

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.