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 recommendation of “Hold” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $27.86.

Separately, StockNews.com initiated coverage on Endeavor Group in a research note on Monday, December 9th. They set a “sell” rating on the stock.

Insider Buying and Selling at Endeavor Group

In related news, major shareholder Patrick Whitesell purchased 263,200 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were purchased at an average cost of $146.97 per share, for a total transaction of $38,682,504.00. Following the completion of the transaction, the insider now directly owns 418,587 shares in the company, valued at approximately $61,519,731.39. This represents a 169.38 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available 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 transaction of $779,126.16. Following the transaction, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at $51,293,228.47. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 225,272 shares of company stock valued at $6,372,925 over the last three months. 63.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Endeavor Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Longfellow Investment Management Co. LLC purchased a new stake in Endeavor Group during the second quarter valued at about $75,000. SG Americas Securities LLC purchased a new stake in shares of Endeavor Group in the 2nd quarter valued at $130,000. FMR LLC grew its holdings in shares of Endeavor Group by 67.6% during the 3rd 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. CIBC Asset Management Inc purchased a new position in Endeavor Group in the 2nd quarter worth $226,000. Finally, Tidal Investments LLC lifted its stake in Endeavor Group by 7.9% in 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. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Endeavor Group Stock Performance

Shares of Endeavor Group stock opened at $31.03 on Friday. The company has a market cap of $21.23 billion, a PE ratio of -15.14 and a beta of 0.76. 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 has a 52 week low of $22.75 and a 52 week high of $31.14. The business has a 50 day moving average price of $29.67 and a 200-day moving average price of $28.23.

Endeavor Group Dividend Announcement

The company also recently announced 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 is Monday, December 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.77%. Endeavor Group’s 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.