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

Endeavor Group Holdings, Inc. (NYSE:EDR) has been assigned an average recommendation of “Hold” from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $27.86.

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

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, CEO Ariel Emanuel sold 149,280 shares of Endeavor Group stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the completion of the transaction, the chief executive officer now owns 1,831,247 shares in the company, valued at approximately $51,458,040.70. The trade was a 7.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 225,272 shares of company stock valued at $6,372,925 in the last ninety days. Insiders own 63.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Tidal Investments LLC lifted its stake in shares of 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 in the last quarter. Virtu Financial LLC bought a new stake in shares of Endeavor Group in the 3rd quarter worth about $602,000. Geode Capital Management LLC raised its stake in Endeavor Group by 4.0% during the third quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock valued at $59,367,000 after buying an additional 79,212 shares in the last quarter. Barclays PLC raised its position in shares of Endeavor Group by 5,247.7% during the 3rd quarter. Barclays PLC now owns 318,188 shares of the company’s stock valued at $9,087,000 after acquiring an additional 312,238 shares in the last quarter. Finally, XTX Topco Ltd lifted its position in shares of Endeavor Group by 142.3% in the 3rd quarter. XTX Topco Ltd now owns 90,867 shares of the company’s stock worth $2,595,000 after buying an additional 53,370 shares during the last quarter. 71.37% of the stock is currently owned by institutional investors and hedge funds.

Endeavor Group Stock Up 0.6 %

Shares of EDR opened at $29.95 on Tuesday. The company’s 50-day simple moving average is $28.95 and its 200-day simple moving average is $27.78. 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 1 year low of $22.64 and a 1 year high of $30.09. The stock has a market capitalization of $20.49 billion, a PE ratio of -14.61 and a beta of 0.77.

Endeavor Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.24 annualized dividend and a yield of 0.80%. Endeavor Group’s dividend payout ratio (DPR) is -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.