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Endeavor Group Holdings, Inc. (NYSE: EDR ) Global Controller and Chief Accounting Officer William K. Fullerton recently reported a stock transaction that may interest 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. The transaction comes as EDR nears a 52-week high of $31.49, with the stock showing remarkable strength over the past year with a 31% gain. Invest Pro Analysis indicates that the stock is currently undervalued, with analysts maintaining price targets between $27.50 and $32.00.
The sale of shares was held to cover taxes and fees on the settlement of certain restricted stock unit awards. Following this transaction, Fullerton owns 53,124 shares of the company’s stock.
The filing also details past transactions in which Fullerton acquired 2,448 and 3,070 shares of Class A common stock in restricted stock units on January 12, 2025.
In other recent news, Endeavor Group Holdings has made several significant financial moves. The global entertainment and sports company has expanded its credit facility to $2.25 billion, backed by TKO Guarantees. Endeavor also refinanced existing loans, extending their maturities through a fifth refinancing, resulting in a new term of $2.75 billion.
In addition, Endeavor sold its OpenBet and IMG Arena businesses to OB Global for approximately $450 million, and has begun a strategic review leading to the sale of several assets, including the Miami Open and Madrid Open tennis tournaments and Frieze Art Arena. According to Investing Pro, Endeavor’s recent financial moves reflect its ongoing efforts to manage its capital structure and invest in growth initiatives.
In other note, TKO Group Holdings announced a $2 billion stock buyback plan and an agreement to buy select sports assets from Endeavor for $3.25 billion, subject to regulatory approval and closing conditions.
Related news Endeavor Silver Corp (NYSE: ) announced the issuance of a $73 million share with the intent to use the proceeds for general working capital and to advance the Pitaririlla project. These include Endeavor Group Holdings, Endeavor Silver Corp. and TKO Group Holdings are recent developments in financial activities.
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