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

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) have received an average recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $27.86.

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

Endeavor Group Stock Performance

Shares of EDR opened at $29.10 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The firm has a market cap of $19.91 billion, a PE ratio of -14.20 and a beta of 0.74. The company’s 50 day simple moving average is $31.35 and its 200-day simple moving average is $29.81. Endeavor Group has a 12-month low of $24.21 and a 12-month high of $35.99.

Endeavor Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Friday, February 28th. Endeavor Group’s dividend payout ratio (DPR) is currently -9.02%.

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, major shareholder Patrick Whitesell bought 117,769 shares of Endeavor Group stock in a transaction on Wednesday, February 12th. The stock was bought at an average price of $175.40 per share, with a total value of $20,656,682.60. Following the completion of the acquisition, the insider now owns 2,579,437 shares in the company, valued at $452,433,249.80. The trade was a 4.78 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jason Lublin sold 50,000 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $29.98, for a total value of $1,499,000.00. Following the completion of the sale, the chief financial officer now directly owns 219,613 shares of the company’s stock, valued at approximately $6,583,997.74. This trade represents a 18.55 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 1,535,485 shares of company stock valued at $239,160,243 and sold 146,905 shares valued at $4,418,864. 63.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kapitalo Investimentos Ltda acquired a new position in shares of Endeavor Group during the 4th quarter worth $51,000. Blue Trust Inc. raised its stake in shares of Endeavor Group by 176.1% during the 4th quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock worth $66,000 after buying an additional 1,469 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Endeavor Group during the 4th quarter worth $96,000. BNP Paribas Financial Markets acquired a new position in shares of Endeavor Group during the 4th quarter worth $120,000. Finally, FMR LLC raised its stake in shares of Endeavor Group by 67.6% during the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after buying an additional 2,248 shares during the last quarter. Institutional investors and hedge funds own 74.99% of the company’s stock.

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.