Endeavor group holdings executive sold shares worth $68,040 By Investing.com



William K. Fullerton, the Global Controller and Chief Accounting Officer of Endeavor Group Holdings, Inc. (NYSE:EDR), recently reported a stock transaction that may be of interest to investors. According to a filing with the Securities and Exchange Commission, Fullerton sold 2,225 shares of Endeavor’s Class A Common Stock on January 14, 2025. These shares were sold at an average price of $30.58, amounting to a total -the transaction value of $68,040. The transaction comes as EDR is trading near a 52-week high of $31.49, with the stock showing remarkable strength with a 31% gain over the past year. InvestingPro Analysis suggests that the stock is currently undervalued, with analysts maintaining price targets between $27.50 and $32.00.

The sale of shares was made to cover taxes and fees related to the settlement of certain restricted stock unit awards. Following this transaction, Fullerton will own 53,124 shares of the company’s stock.

The filing also details previous transactions on January 12, 2025, in which Fullerton acquired 2,448 and 3,070 shares of Class A Common Stock through the vesting of restricted stock units, although these vestings Claims are made free of charge.

In other recent news, Endeavor Group Holdings has made several significant financial maneuvers. The global entertainment and sports company expanded the loan agreement to $2.25 billion, backed by additional TKO securities. Endeavor also refinanced existing loans, extending their maturity dates through the Fifth Refinancing Amendment, resulting in a new class of term loans totaling $2.75 billion.

In addition, Endeavor sold the OpenBet and IMG Arena businesses to OB Global for approximately $450 million, and initiated a strategic review that could lead to the sale of several assets, including the Miami Open and Madrid Open tennis tournaments, and the Frieze art platform. According to InvestingPro, Endeavor’s recent financial activities reflect ongoing efforts to manage its capital structure and invest in growth initiatives.

On another note, TKO Group Holdings announced a $2 billion stock buyback plan and an agreement to purchase selected sports assets from Endeavor for $3.25 billion, pending regulatory approval and closing conditions.

In related news, Endeavor Silver Corp (NYSE:). announced a $73 million share offering, intending to use the proceeds for general working capital and to advance the Pitarrilla Project. These are the latest developments in the financial activities of Endeavor Group Holdings, Endeavor Silver Corp., and TKO Group Holdings.

This article was created with the support of AI and reviewed by an editor. For more information see our T&C.





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