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

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) have been assigned a consensus rating of “Hold” from the nine research firms that are currently covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $27.86.

Separately, StockNews.com raised shares of Endeavor Group from a “sell” rating to a “hold” rating in a research report on Monday, January 13th.

Endeavor Group Stock Performance

NYSE:EDR opened at $30.92 on Friday. The company has a market capitalization of $21.15 billion, a PE ratio of -15.08 and a beta of 0.74. The company has a 50 day simple moving average of $30.79 and a two-hundred day simple moving average of $29.17. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. Endeavor Group has a fifty-two week low of $23.14 and a fifty-two week high of $32.67.

Endeavor Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.78%. The ex-dividend date was Monday, December 16th. Endeavor Group’s payout ratio is currently -11.71%.

Insider Activity at Endeavor Group

In related news, CAO William K. Fullerton sold 6,875 shares of Endeavor Group stock in a transaction 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 owns 53,255 shares of the company’s stock, valued at approximately $1,659,958.35. This trade represents a 11.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Patrick Whitesell purchased 60,208 shares of Endeavor Group stock in a transaction that occurred 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 transaction, the insider now owns 1,734,530 shares in the company, valued at $249,303,996.90. This trade represents a 3.60 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 961,822 shares of company stock valued at $143,378,491. 63.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Endeavor Group

Several large investors have recently bought and sold shares of EDR. Athos Capital Ltd raised 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 worth $220,460,000 after purchasing an additional 4,447,000 shares during the period. LMR Partners LLP grew its holdings in shares of Endeavor Group by 41.6% during the third quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock worth $125,486,000 after purchasing an additional 1,290,867 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Endeavor Group by 4.0% during the third quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock worth $59,367,000 after purchasing an additional 79,212 shares in the last quarter. Polar Asset Management Partners Inc. boosted its stake in Endeavor Group by 300.0% in the third quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company’s stock worth $57,120,000 after buying an additional 1,500,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Endeavor Group by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,778,869 shares of the company’s stock worth $50,804,000 after buying an additional 76,618 shares in the last quarter. 74.99% of the stock is currently owned by institutional investors.

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.