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

Endeavor Group Holdings, Inc. (NYSE:EDR) has received a consensus rating of “Reduce” from the eight analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $27.50.

Several equities analysts recently commented on the company. StockNews.com cut Endeavor Group from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Seaport Res Ptn cut shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 11th.

Endeavor Group Stock Up 4.2 %

EDR opened at $30.05 on Monday. The firm has a market capitalization of $20.62 billion, a P/E ratio of -14.66 and a beta of 0.72. Endeavor Group has a one year low of $25.07 and a one year high of $35.99. The company has a fifty day moving average price of $30.69 and a 200-day moving average price of $30.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63.

Endeavor Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.80%. Endeavor Group’s payout ratio is -9.02%.

Insiders Place Their Bets

In related news, major shareholder Patrick Whitesell bought 125,589 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average cost of $143.06 per share, for a total transaction of $17,966,762.34. Following the acquisition, the insider now directly owns 807,376 shares of the company’s stock, valued at $115,503,210.56. The trade was a 18.42 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO William K. Fullerton sold 6,875 shares of Endeavor Group stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $31.17, for a total value of $214,293.75. Following the completion of the transaction, the chief accounting officer now directly owns 53,255 shares in the company, valued at $1,659,958.35. This trade represents a 11.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 1,212,077 shares of company stock valued at $191,824,043 and sold 21,185,617 shares valued at $582,983,444. 63.90% of the stock is owned by insiders.

Institutional Trading of Endeavor Group

A number of institutional investors have recently made changes to their positions in EDR. Kapitalo Investimentos Ltda bought a new stake in Endeavor Group during the 4th quarter valued at $51,000. Blue Trust Inc. raised its stake in shares of Endeavor Group by 176.1% during the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock valued at $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 worth about $96,000. BNP Paribas Financial Markets bought a new stake in shares of Endeavor Group in the fourth quarter worth about $120,000. Finally, FMR LLC increased its holdings in 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 period. Hedge funds and other institutional investors own 74.99% 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.