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 analysts that are currently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $27.86.

Separately, StockNews.com assumed coverage on Endeavor Group in a research report on Saturday. They issued a “hold” rating on the stock.

Endeavor Group Stock Performance

Shares of EDR stock opened at $29.78 on Tuesday. The stock has a market cap of $20.37 billion, a PE ratio of -14.53 and a beta of 0.77. Endeavor Group has a 52-week low of $22.64 and a 52-week high of $29.90. The business has a 50-day simple moving average of $28.90 and a 200-day simple moving average of $27.75. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28.

Endeavor Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.06 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.81%. Endeavor Group’s dividend payout ratio is currently -11.71%.

Insiders Place Their Bets

In other news, CEO Ariel Emanuel sold 149,280 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total value of $4,194,768.00. Following the transaction, the chief executive officer now owns 1,831,247 shares in the company, valued at $51,458,040.70. This trade represents a 7.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders sold 225,272 shares of company stock worth $6,372,925. Company insiders own 63.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC acquired a new stake in shares of Endeavor Group in the second quarter valued at about $75,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Endeavor Group during the 1st quarter worth approximately $102,000. SG Americas Securities LLC purchased a new stake in shares of Endeavor Group in the second quarter valued at approximately $130,000. FMR LLC increased its holdings in shares of Endeavor Group by 67.6% in the third quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after purchasing an additional 2,248 shares during the last quarter. Finally, CIBC Asset Management Inc purchased a new position in Endeavor Group during the second quarter worth approximately $226,000. 71.37% of the stock is owned by institutional investors and hedge funds.

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.