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

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) have received an average rating of “Reduce” from the eight ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $27.50.

EDR has been the topic of several recent analyst reports. Seaport Res Ptn downgraded shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 11th. StockNews.com downgraded shares of Endeavor Group from a “hold” rating to a “sell” rating in a research report on Monday, February 10th.

Endeavor Group Stock Performance

Endeavor Group stock opened at $30.05 on Monday. Endeavor Group has a twelve month low of $25.07 and a twelve month high of $35.99. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $20.62 billion, a P/E ratio of -14.66 and a beta of 0.72. The stock’s 50 day moving average is $30.72 and its 200 day moving average is $29.98.

Endeavor Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.80%. Endeavor Group’s payout ratio is -9.02%.

Insider Activity at Endeavor Group

In other Endeavor Group news, insider Canada Pension Plan Investment sold 21,038,712 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $27.50, for a total value of $578,564,580.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Patrick Whitesell acquired 117,769 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were acquired at an average cost of $175.40 per share, with a total value of $20,656,682.60. Following the transaction, the insider now owns 2,579,437 shares in the company, valued at approximately $452,433,249.80. This trade represents a 4.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 1,212,077 shares of company stock worth $191,824,043 and sold 21,185,617 shares worth $582,983,444. 63.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in Endeavor Group by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock worth $59,367,000 after acquiring an additional 79,212 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Endeavor Group by 37.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,240 shares of the company’s stock worth $1,760,000 after purchasing an additional 15,451 shares in the last quarter. Portfolio Design Labs LLC raised its position in shares of Endeavor Group by 42.7% during the 4th quarter. Portfolio Design Labs LLC now owns 139,243 shares of the company’s stock valued at $4,357,000 after purchasing an additional 41,665 shares during the period. Athos Capital Ltd lifted its stake in shares of Endeavor Group by 135.9% during the 3rd quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock valued at $220,460,000 after buying an additional 4,447,000 shares in the last quarter. Finally, Vest Financial LLC lifted its stake in shares of Endeavor Group by 46.5% during the 4th quarter. Vest Financial LLC now owns 78,831 shares of the company’s stock valued at $2,467,000 after buying an additional 25,020 shares in the last quarter. Institutional investors own 74.99% of the company’s stock.

About Endeavor Group

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.