Endeavor Group Holdings, Inc. (NYSE:EDR) Receives $27.86 Average Target Price from Brokerages

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) have been assigned a consensus rating of “Hold” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $27.86.

Separately, StockNews.com began coverage on Endeavor Group in a research report on Monday, December 9th. They issued a “sell” rating for the company.

Insider Activity

In other news, major shareholder Patrick Whitesell acquired 60,208 shares of Endeavor Group stock in a transaction on Thursday, December 12th. The stock was acquired at an average cost of $143.73 per share, with a total value of $8,653,695.84. Following the completion of the acquisition, the insider now owns 1,734,530 shares in the company, valued at approximately $249,303,996.90. This trade represents a 3.60 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ariel Emanuel sold 27,816 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $28.01, for a total value of $779,126.16. Following the completion of the sale, the chief executive officer now owns 1,831,247 shares in the company, valued at approximately $51,293,228.47. The trade was a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 225,272 shares of company stock valued at $6,372,925 in the last ninety days. 63.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Endeavor Group

A number of large investors have recently made changes to their positions in EDR. Longfellow Investment Management Co. LLC purchased a new position in Endeavor Group in the 2nd quarter worth approximately $75,000. SG Americas Securities LLC purchased a new position in Endeavor Group in the second quarter worth $130,000. FMR LLC increased its stake in 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 acquiring an additional 2,248 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in Endeavor Group during the second quarter valued at about $226,000. Finally, Tidal Investments LLC lifted its stake in 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 purchasing an additional 620 shares during the last quarter. 74.99% of the stock is owned by institutional investors.

Endeavor Group Stock Performance

Shares of Endeavor Group stock opened at $31.06 on Friday. Endeavor Group has a 52 week low of $22.75 and a 52 week high of $31.07. 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 business has a 50 day moving average price of $29.60 and a 200-day moving average price of $28.18. The company has a market cap of $21.25 billion, a PE ratio of -15.15 and a beta of 0.76.

Endeavor Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. Endeavor Group’s dividend payout ratio (DPR) is presently -11.71%.

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.