Endeavor Group Holdings, Inc. (NYSE:EDR) CFO Jason Lublin Sells 50,000 Shares

Endeavor Group Holdings, Inc. (NYSE:EDR) CFO Jason Lublin sold 50,000 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $29.98, for a total transaction of $1,499,000.00. Following the sale, the chief financial officer now directly owns 219,613 shares of the company’s stock, valued at approximately $6,583,997.74. The trade was a 18.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Endeavor Group Stock Performance

Shares of NYSE:EDR opened at $31.19 on Thursday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $21.34 billion, a price-to-earnings ratio of -15.21 and a beta of 0.74. The firm has a 50 day moving average of $31.38 and a 200 day moving average of $29.73. Endeavor Group Holdings, Inc. has a 52 week low of $23.14 and a 52 week high of $35.99.

Endeavor Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.06 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.24 annualized dividend and a yield of 0.77%. Endeavor Group’s dividend payout ratio (DPR) is presently -11.71%.

Analysts Set New Price Targets

A number of research firms have commented on EDR. Seaport Res Ptn cut shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 11th. StockNews.com downgraded shares of Endeavor Group from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $27.86.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EDR. Kapitalo Investimentos Ltda acquired a new stake in shares of Endeavor Group in the 4th quarter worth $51,000. Blue Trust Inc. raised its stake in Endeavor Group by 176.1% in the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock valued at $66,000 after buying an additional 1,469 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Endeavor Group in the fourth quarter worth about $96,000. BNP Paribas Financial Markets purchased a new stake in shares of Endeavor Group during the fourth quarter worth about $120,000. Finally, FMR LLC raised its position in shares of Endeavor Group by 67.6% in the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after purchasing an additional 2,248 shares during the last quarter. Institutional investors own 74.99% 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.