Brokerages Set Endeavor Group Holdings, Inc. (NYSE:EDR) Price Target at $27.86

Endeavor Group Holdings, Inc. (NYSE:EDR) has been assigned a consensus rating of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $27.86.

Separately, StockNews.com lowered Endeavor Group from a “hold” rating to a “sell” rating in a research note on Saturday, January 4th.

Insider Activity at Endeavor Group

In other Endeavor Group news, major shareholder Patrick Whitesell acquired 60,208 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the purchase, the insider now directly owns 1,734,530 shares of the company’s stock, valued at approximately $249,303,996.90. This represents a 3.60 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO William K. Fullerton sold 6,875 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $31.17, for a total value of $214,293.75. Following the completion of the sale, the chief accounting officer now directly owns 53,255 shares of the company’s stock, valued at approximately $1,659,958.35. The trade was a 11.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 63.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Endeavor Group

Large investors have recently modified their holdings of the stock. FMR LLC boosted its holdings in shares of Endeavor Group by 67.6% during the third quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after acquiring an additional 2,248 shares during the period. CIBC Asset Management Inc acquired a new position in Endeavor Group in the 2nd quarter valued at $226,000. Everence Capital Management Inc. bought a new position in Endeavor Group during the 4th quarter worth $233,000. Tidal Investments LLC lifted its holdings in shares of Endeavor Group by 7.9% during the third quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock worth $243,000 after buying an additional 620 shares in the last quarter. Finally, ProShare Advisors LLC bought a new stake in shares of Endeavor Group in the second quarter valued at about $255,000. 74.99% of the stock is owned by institutional investors.

Endeavor Group Trading Down 0.7 %

EDR opened at $30.14 on Wednesday. The firm has a 50 day simple moving average of $30.27 and a 200 day simple moving average of $28.72. Endeavor Group has a fifty-two week low of $22.77 and a fifty-two week high of $31.49. The company has a market cap of $20.62 billion, a price-to-earnings ratio of -14.70 and a beta of 0.74. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63.

Endeavor Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were issued a $0.06 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.80%. Endeavor Group’s dividend payout ratio (DPR) is -11.71%.

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.