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

Endeavor Group Holdings, Inc. (NYSE:EDR) has received an average recommendation of “Hold” from the nine brokerages that are covering the firm, MarketBeat 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 price objective among brokers that have covered the stock in the last year is $27.86.

Separately, StockNews.com downgraded shares of Endeavor Group from a “hold” rating to a “sell” rating in a research report on Saturday, January 4th.

Endeavor Group Price Performance

EDR opened at $30.14 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $20.62 billion, a PE ratio of -14.70 and a beta of 0.74. The stock’s 50 day moving average price is $30.27 and its 200-day moving average price is $28.75. Endeavor Group has a 52-week low of $22.77 and a 52-week high of $31.49.

Endeavor Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.80%. The ex-dividend date was Monday, December 16th. Endeavor Group’s dividend payout ratio is currently -11.71%.

Insider Transactions at Endeavor Group

In related news, CAO William K. Fullerton sold 6,875 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $31.17, for a total transaction of $214,293.75. Following the completion of the transaction, the chief accounting officer now owns 53,255 shares of the company’s stock, valued at $1,659,958.35. This trade represents a 11.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Patrick Whitesell bought 263,200 shares of the company’s stock in a transaction on Monday, December 16th. The stock was bought at an average cost of $146.97 per share, for a total transaction of $38,682,504.00. Following the completion of the acquisition, the insider now directly owns 418,587 shares of the company’s stock, valued at approximately $61,519,731.39. This represents a 169.38 % increase in their position. The disclosure for this purchase can be found here. Insiders own 63.90% of the company’s stock.

Institutional Trading of Endeavor Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Tidal Investments LLC lifted its stake in shares of 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 buying an additional 620 shares in the last quarter. Arizona State Retirement System lifted its position in Endeavor Group by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 50,444 shares of the company’s stock valued at $1,364,000 after acquiring an additional 898 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Endeavor Group by 2.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company’s stock valued at $1,165,000 after purchasing an additional 1,066 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Endeavor Group by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock worth $1,245,000 after purchasing an additional 1,346 shares in the last quarter. Finally, Mirador Capital Partners LP raised its stake in shares of Endeavor Group by 6.7% in the third quarter. Mirador Capital Partners LP now owns 26,265 shares of the company’s stock worth $750,000 after purchasing an additional 1,655 shares during the last quarter. 74.99% of the stock is currently owned by institutional investors.

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.