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Endeavor Group Holdings, Inc. (NYSE:EDR) saw significant stock activity from its President and Chief Operating Officer, Mark S. Shapiro, according to a recent SEC filing. On February 24 and 25, Shapiro sold a total of 98,135 shares of Class A Common Stock. The sales were executed at a weighted average price ranging from $30.0417 to $31.08 per share, resulting in a total transaction value of approximately $2.95 million. The transaction comes as the $14.47 billion entertainment company trades at relatively high earnings multiples, according to InvestingPro data.
Earlier in the week, Shapiro acquired a total of 193,336 shares through the exercise of restricted stock units, which were settled at no cost. These acquisitions increased his holdings before the subsequent sales. After these transactions, Shapiro’s direct ownership stands at 198,167 shares. The company maintains a FAIR financial health score and has demonstrated strong performance with a 33.6% return over the past year. InvestingPro subscribers can access detailed insider trading patterns and 12+ additional key insights about EDR’s valuation and growth prospects.
In other recent news, Endeavor Group Holdings Inc . reported significant financial performance improvements in its fourth-quarter 2024 earnings call, driven by its Prime subscription model. The company announced a 40% year-over-year increase in cash EBITDA, reaching $124 million, and a 91% surge in free cash flow to $69 million. Prime members now contribute 67% of the group’s cash revenue, and the company aims to add over 1 million new Prime members by the fiscal year 2026. Additionally, Endeavor repurchased €40.1 million of treasury shares, enhancing shareholder value. The company is on track to meet its fiscal year 2025 targets, including a cash EBITDA of €180 million and a Prime membership target of 7,250,000. Analyst commentary from firms like BNP Paribas (OTC:BNPQY) and Deutsche Bank (ETR:DBKGn) highlights the company’s growth trajectory and strategic focus on its Prime model. Endeavor’s management emphasizes the company’s potential, noting its strong position in the travel subscription market despite challenges.
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