Endeavor Group Holdings, Inc. (NYSE:EDR) reported that Global Controller and CAO, William K. Fullerton, sold company shares on the open market. On May 6, 2024, Fullerton disposed of 6,750 shares at an average price of $26.51, totaling approximately $178,942.
The transaction occurred in multiple parts, with share prices ranging from $26.5101 to $26.5150. This sale was part of an automatic transaction to cover taxes and fees associated with the settlement of restricted stock unit awards, as per the terms of those awards. Following the sale, Fullerton's direct ownership in Class A Common Stock stands at 46,600 shares.
Additionally, on May 3, Fullerton acquired 12,153 shares of Class A Common Stock through the exercise of vested restricted stock units. These acquired shares were reported at a transaction price of $0.0, reflecting the nature of restricted stock unit settlements. It should be noted that a transfer of 41,197 shares was also exempt from reporting, and Fullerton no longer reports beneficial ownership of these securities.
Endeavor Group Holdings, Inc., based in Beverly Hills, California, operates in the amusement and recreation services industry. The company's stock is traded on the New York Stock Exchange under the ticker symbol EDR.
InvestingPro Insights
Endeavor Group Holdings, Inc. (NYSE:EDR) has been making headlines with its recent stock transactions, but what do the numbers say about the company's financial health and valuation? According to InvestingPro data, Endeavor boasts a market capitalization of approximately $12.37 billion, reflecting its significant presence in the amusement and recreation services industry. The company's P/E ratio stands at a noteworthy 22.24, indicating investor confidence in its earnings potential when compared to its current share price.
InvestingPro Tips suggest that EDR is trading at a low P/E ratio relative to near-term earnings growth, which could be an attractive point for investors looking for growth at a reasonable price. Moreover, the stock generally trades with low price volatility, providing a level of stability in an often turbulent market. With analysts predicting profitability this year and a track record of profitability over the last twelve months, EDR appears to be on a solid footing.
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