Endeavor Group (NYSE:EDR) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Endeavor Group (NYSE:EDR) in a research report released on Saturday morning. The brokerage issued a hold rating on the stock.

Several other research analysts have also recently commented on the stock. Guggenheim restated a neutral rating and issued a $27.50 target price (down previously from $36.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Jefferies Financial Group reaffirmed a hold rating and issued a $27.50 price target (down from $29.00) on shares of Endeavor Group in a research note on Thursday, April 4th. TD Cowen upped their price target on shares of Endeavor Group from $28.00 to $30.00 and gave the stock an outperform rating in a research note on Monday, March 25th. UBS Group reaffirmed a neutral rating and issued a $27.50 price target (down from $31.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Finally, Seaport Res Ptn lowered shares of Endeavor Group from a buy rating to a neutral rating in a research note on Tuesday, April 2nd. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Hold and an average target price of $29.64.

Endeavor Group Price Performance

NYSE EDR opened at $26.39 on Friday. Endeavor Group has a 52 week low of $17.65 and a 52 week high of $26.63. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43. The stock has a market cap of $18.27 billion, a price-to-earnings ratio of 25.37, a price-to-earnings-growth ratio of 1.92 and a beta of 0.82. The company has a 50-day moving average price of $24.96 and a two-hundred day moving average price of $23.71.

Endeavor Group (NYSE:EDR) last posted its earnings results on Wednesday, February 28th. The company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. Endeavor Group had a net margin of 5.98% and a return on equity of 1.05%. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Analysts forecast that Endeavor Group will post 1.27 EPS for the current year.

Endeavor Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, March 14th. Endeavor Group’s dividend payout ratio is presently 23.08%.

Insider Activity at Endeavor Group

In other news, major shareholder Patrick Whitesell purchased 1,642,970 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were acquired at an average price of $89.01 per share, for a total transaction of $146,240,759.70. Following the completion of the acquisition, the insider now directly owns 1,642,970 shares of the company’s stock, valued at $146,240,759.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Patrick Whitesell acquired 1,642,970 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were purchased at an average price of $89.01 per share, for a total transaction of $146,240,759.70. Following the purchase, the insider now owns 1,642,970 shares in the company, valued at $146,240,759.70. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO William K. Fullerton sold 1,148 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $23.22, for a total transaction of $26,656.56. Following the completion of the transaction, the chief accounting officer now owns 82,394 shares in the company, valued at approximately $1,913,188.68. The disclosure for this sale can be found here. Insiders sold a total of 198,613 shares of company stock valued at $4,874,524 over the last ninety days. Insiders own 82.08% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Endeavor Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 14,651,192 shares of the company’s stock valued at $291,559,000 after buying an additional 254,550 shares during the period. Morgan Stanley increased its stake in shares of Endeavor Group by 24.9% during the 4th quarter. Morgan Stanley now owns 13,474,269 shares of the company’s stock worth $303,710,000 after purchasing an additional 2,689,204 shares during the last quarter. Millennium Management LLC increased its stake in shares of Endeavor Group by 6.4% during the 4th quarter. Millennium Management LLC now owns 7,114,037 shares of the company’s stock worth $160,350,000 after purchasing an additional 429,390 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Endeavor Group by 20.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,814,416 shares of the company’s stock worth $139,140,000 after purchasing an additional 978,196 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Endeavor Group by 3.7% during the 3rd quarter. FMR LLC now owns 5,145,883 shares of the company’s stock worth $102,403,000 after purchasing an additional 184,212 shares during the last quarter. Institutional investors and hedge funds own 71.37% of the company’s stock.

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.