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

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

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

Insider Activity at Endeavor Group

In related news, major shareholder Patrick Whitesell bought 94,161 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were purchased at an average cost of $157.79 per share, with a total value of $14,857,664.19. Following the completion of the purchase, the insider now owns 1,780,529 shares in the company, valued at approximately $280,949,670.91. The trade was a 5.58 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO William K. Fullerton sold 2,225 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $30.58, for a total value of $68,040.50. Following the completion of the sale, the chief accounting officer now directly owns 53,124 shares in the company, valued at approximately $1,624,531.92. This represents a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired a total of 961,822 shares of company stock worth $143,378,491 over the last quarter. 63.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Endeavor Group

A number of institutional investors have recently modified their holdings of EDR. Blue Trust Inc. grew its stake in shares of Endeavor Group by 176.1% in the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock worth $66,000 after acquiring an additional 1,469 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Endeavor Group during the fourth quarter valued at $96,000. FMR LLC boosted its position in shares of Endeavor Group by 67.6% during the third quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after buying an additional 2,248 shares during the last quarter. KBC Group NV boosted its position in shares of Endeavor Group by 65.3% during the fourth quarter. KBC Group NV now owns 7,191 shares of the company’s stock valued at $225,000 after buying an additional 2,842 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in shares of Endeavor Group during the fourth quarter valued at $233,000. 74.99% of the stock is owned by hedge funds and other institutional investors.

Endeavor Group Stock Performance

Shares of EDR stock opened at $30.92 on Friday. 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. The stock has a 50 day moving average price of $30.79 and a two-hundred day moving average price of $29.17. The company has a market capitalization of $21.15 billion, a P/E ratio of -15.08 and a beta of 0.74.

Endeavor Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.78%. Endeavor Group’s dividend payout ratio 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.