Endeavor Group Holdings, Inc. (NYSE:EDR) CEO Ariel Emanuel Sells 149,280 Shares

Endeavor Group Holdings, Inc. (NYSE:EDR) CEO Ariel Emanuel sold 149,280 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total value of $4,194,768.00. Following the completion of the transaction, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at $51,458,040.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Ariel Emanuel also recently made the following trade(s):

• On Friday, September 20th, Ariel Emanuel sold 27,816 shares of Endeavor Group stock. The stock was sold at an average price of $28.01, for a total value of $779,126.16.

Endeavor Group Stock Performance

EDR traded up $0.34 during trading hours on Tuesday, hitting $28.25. The stock had a trading volume of 3,376,071 shares, compared to its average volume of 3,730,939. The stock has a market cap of $19.57 billion, a PE ratio of 51.36 and a beta of 0.77. Endeavor Group Holdings, Inc. has a 1 year low of $17.65 and a 1 year high of $28.28. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. The company’s fifty day simple moving average is $27.47 and its 200 day simple moving average is $26.82.

Endeavor Group (NYSE:EDR) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). Endeavor Group had a negative net margin of 6.23% and a positive return on equity of 4.45%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Equities analysts anticipate that Endeavor Group Holdings, Inc. will post 1.4 earnings per share for the current year.

Endeavor Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.85%. Endeavor Group’s payout ratio is 43.64%.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Endeavor Group in a research note on Friday. They set a “hold” rating on the stock. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Endeavor Group has an average rating of “Hold” and a consensus price target of $27.86.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Longfellow Investment Management Co. LLC bought a new position in Endeavor Group in the 2nd quarter valued at $75,000. 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 valued at $76,000 after buying an additional 399 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in Endeavor Group during the first quarter worth about $102,000. SG Americas Securities LLC bought a new position in Endeavor Group in the 2nd quarter worth about $130,000. Finally, Quest Partners LLC purchased a new stake in shares of Endeavor Group in the 4th quarter valued at about $177,000. 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.