Endeavor Group Holdings, Inc. (NYSE:EDR) CFO Jason Lublin Sells 20,832 Shares

Endeavor Group Holdings, Inc. (NYSE:EDR) CFO Jason Lublin sold 20,832 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $26.52, for a total transaction of $552,464.64. Following the sale, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at $3,452,559.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Jason Lublin also recently made the following trade(s):

• On Tuesday, March 12th, Jason Lublin sold 20,832 shares of Endeavor Group stock. The stock was sold at an average price of $24.71, for a total value of $514,758.72.
• On Thursday, February 22nd, Jason Lublin sold 46,419 shares of Endeavor Group stock. The shares were sold at an average price of $24.08, for a total value of $1,117,769.52.
• On Tuesday, January 23rd, Jason Lublin sold 20,832 shares of Endeavor Group stock. The stock was sold at an average price of $25.47, for a total value of $530,591.04.

Endeavor Group Stock Performance

Shares of NYSE EDR traded up $0.01 during midday trading on Thursday, hitting $26.40. The company’s stock had a trading volume of 2,873,257 shares, compared to its average volume of 4,367,490. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 1.24. Endeavor Group Holdings, Inc. has a 1-year low of $17.65 and a 1-year high of $26.63. The firm’s fifty day moving average price is $24.89 and its 200-day moving average price is $23.57. The firm has a market cap of $18.28 billion, a P/E ratio of 25.38, a P/E/G ratio of 1.93 and a beta of 0.82.

Endeavor Group (NYSE:EDR) last issued its earnings results on Wednesday, February 28th. The company reported $0.07 EPS for the quarter, meeting analysts’ consensus estimates of $0.07. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.55 billion. Endeavor Group had a return on equity of 1.05% and a net margin of 5.98%. On average, sell-side analysts forecast that Endeavor Group Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Endeavor Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.91%. The ex-dividend date was Thursday, March 14th. Endeavor Group’s dividend payout ratio (DPR) is 23.08%.

Analyst Ratings Changes

A number of research firms have recently issued reports on EDR. Guggenheim reiterated a “neutral” rating and set a $27.50 price objective (down previously from $36.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Seaport Res Ptn lowered Endeavor Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 2nd. StockNews.com downgraded Endeavor Group from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. TD Cowen lifted their price objective on Endeavor Group from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $27.50 target price (down from $29.00) on shares of Endeavor Group in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Endeavor Group has an average rating of “Hold” and a consensus target price of $29.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EDR. Quilter Plc acquired a new position in Endeavor Group during the 1st quarter valued at about $421,032,000. Advisory Services Network LLC increased its stake in shares of Endeavor Group by 134.2% during the first quarter. Advisory Services Network LLC now owns 1,150 shares of the company’s stock valued at $28,000 after acquiring an additional 659 shares during the period. Lindbrook Capital LLC increased its stake in shares of Endeavor Group by 200.2% during the fourth quarter. Lindbrook Capital LLC now owns 1,540 shares of the company’s stock valued at $37,000 after acquiring an additional 1,027 shares during the period. Atlas Capital Advisors LLC bought a new stake in Endeavor Group during the fourth quarter worth approximately $52,000. Finally, ADAR1 Capital Management LLC acquired a new stake in Endeavor Group in the fourth quarter worth approximately $59,000. 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.