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

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

Endeavor Group Stock Performance

Shares of EDR remained flat at $26.47 during mid-day trading on Tuesday. 2,721,332 shares of the stock were exchanged, compared to its average volume of 4,182,903. The business’s fifty day moving average price is $25.65 and its 200 day moving average price is $24.44. The company has a market cap of $18.33 billion, a P/E ratio of 25.49, a price-to-earnings-growth ratio of 1.93 and a beta of 0.79. Endeavor Group Holdings, Inc. has a one year low of $17.65 and a one year high of $26.63. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.43.

Endeavor Group (NYSE:EDR) last issued its earnings results on Wednesday, February 28th. The company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates 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 analysts forecast that Endeavor Group Holdings, Inc. will post 1.27 earnings per share for the current fiscal 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 paid 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 is 23.08%.

Wall Street Analyst Weigh In

EDR has been the subject of a number of research analyst reports. UBS Group reiterated a “neutral” rating and issued a $27.50 target price (down previously from $31.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. TD Cowen boosted their price objective on Endeavor Group from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $27.50 price target (down from $29.00) on shares of Endeavor Group in a report on Thursday, April 4th. Evercore ISI restated an “in-line” rating and issued a $27.50 price objective (down previously from $28.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Finally, Guggenheim reiterated a “neutral” rating and set a $27.50 target price (down previously from $36.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Endeavor Group currently has a consensus rating of “Hold” and an average target price of $29.30.

Institutional Investors Weigh In On Endeavor Group

Several institutional investors and hedge funds have recently made changes to their positions in EDR. Lindbrook Capital LLC lifted its stake in Endeavor Group by 200.2% in the fourth quarter. Lindbrook Capital LLC now owns 1,540 shares of the company’s stock valued at $37,000 after buying an additional 1,027 shares during the period. PNC Financial Services Group Inc. boosted its stake 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 acquiring an additional 399 shares in the last quarter. Quest Partners LLC acquired a new stake in Endeavor Group in the fourth quarter worth $177,000. Steph & Co. increased its stake in 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 purchasing an additional 591 shares in the last quarter. Finally, Algert Global LLC acquired a new position in shares of Endeavor Group during the third quarter valued at about $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.