William K. Fullerton Sells 6,875 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) CAO William K. Fullerton sold 6,875 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $31.17, for a total value of $214,293.75. Following the completion of the transaction, the chief accounting officer now directly owns 53,255 shares in the company, valued at $1,659,958.35. The trade was a 11.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Endeavor Group Price Performance

Endeavor Group stock opened at $30.62 on Wednesday. The stock’s fifty day moving average price is $30.22 and its two-hundred day moving average price is $28.67. The firm has a market cap of $20.95 billion, a PE ratio of -14.94 and a beta of 0.74. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. Endeavor Group Holdings, Inc. has a one year low of $22.77 and a one year high of $31.49.

Endeavor Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Monday, December 16th. Endeavor Group’s dividend payout ratio (DPR) is presently -11.71%.

Institutional Investors Weigh In On Endeavor Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Longfellow Investment Management Co. LLC acquired a new position in shares of Endeavor Group in the 2nd quarter valued at approximately $75,000. FMR LLC increased its stake in Endeavor Group by 67.6% in the third quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after acquiring an additional 2,248 shares during the last quarter. CIBC Asset Management Inc acquired a new position in Endeavor Group during the second quarter valued at approximately $226,000. Everence Capital Management Inc. bought a new stake in Endeavor Group during the fourth quarter worth $233,000. Finally, Tidal Investments LLC boosted its holdings in shares of Endeavor Group by 7.9% in the 3rd quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock valued at $243,000 after purchasing an additional 620 shares in the last quarter. Institutional investors own 74.99% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Endeavor Group from a “hold” rating to a “sell” rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $27.86.

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.