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

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

Endeavor Group Price Performance

Endeavor Group stock traded up $1.04 during midday trading on Tuesday, reaching $31.08. 541,804 shares of the company were exchanged, compared to its average volume of 1,788,864. The company has a market capitalization of $21.26 billion, a price-to-earnings ratio of -15.16 and a beta of 0.74. The firm’s 50-day simple moving average is $31.38 and its 200-day simple moving average is $29.71. Endeavor Group Holdings, Inc. has a 1 year low of $23.14 and a 1 year high of $35.99. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63.

Endeavor Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Friday, February 28th. Endeavor Group’s dividend payout ratio is presently -11.71%.

Institutional Trading of Endeavor Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Endeavor Group by 8.3% during the 4th quarter. Vanguard Group Inc. now owns 15,185,871 shares of the company’s stock worth $475,166,000 after purchasing an additional 1,167,887 shares in the last quarter. Toronto Dominion Bank acquired a new stake in Endeavor Group in the 4th quarter worth about $289,205,000. Athos Capital Ltd boosted its stake in Endeavor Group by 135.9% in the 3rd quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock worth $220,460,000 after buying an additional 4,447,000 shares during the last quarter. LMR Partners LLP boosted its stake in Endeavor Group by 41.6% in the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock worth $125,486,000 after buying an additional 1,290,867 shares during the last quarter. Finally, Steadfast Capital Management LP boosted its stake in Endeavor Group by 207.9% in the 4th quarter. Steadfast Capital Management LP now owns 3,641,660 shares of the company’s stock worth $113,948,000 after buying an additional 2,458,800 shares during the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. StockNews.com downgraded Endeavor Group from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Seaport Res Ptn downgraded Endeavor Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.86.

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.