Endeavor Group Holdings, Inc. (NYSE:EDR) Receives $27.86 Average Price Target from Brokerages

Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report) has received a consensus rating of "Hold" from the nine brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $27.86.

A number of analysts recently issued reports on the company. StockNews.com lowered Endeavor Group from a "hold" rating to a "sell" rating in a research note on Monday, February 10th. Seaport Res Ptn downgraded shares of Endeavor Group from a "hold" rating to a "strong sell" rating in a report on Tuesday, February 11th.

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, CAO William K. Fullerton sold 6,875 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $31.17, for a total transaction of $214,293.75. Following the sale, the chief accounting officer now 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Patrick Whitesell purchased 60,208 shares of the company's stock in a transaction on Thursday, December 12th. The shares were purchased at an average cost of $143.73 per share, with a total value of $8,653,695.84. Following the purchase, the insider now owns 1,734,530 shares of the company's stock, valued at approximately $249,303,996.90. The trade was a 3.60 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 1,535,485 shares of company stock worth $239,160,243 and sold 146,905 shares worth $4,418,864. 63.90% of the stock is currently owned by company insiders.

Remove Ads

Hedge Funds Weigh In On Endeavor Group

Large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in Endeavor Group by 8.3% during the fourth quarter. Vanguard Group Inc. now owns 15,185,871 shares of the company's stock valued at $475,166,000 after acquiring an additional 1,167,887 shares during the last quarter. Toronto Dominion Bank purchased a new stake in shares of Endeavor Group in the 4th quarter valued at $289,205,000. Athos Capital Ltd grew its holdings in shares of Endeavor Group by 135.9% during the 3rd quarter. Athos Capital Ltd now owns 7,719,200 shares of the company's stock valued at $220,460,000 after purchasing an additional 4,447,000 shares during the last quarter. LMR Partners LLP raised its position in Endeavor Group by 41.6% in the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company's stock worth $125,486,000 after purchasing an additional 1,290,867 shares during the period. Finally, Steadfast Capital Management LP lifted its stake in Endeavor Group by 207.9% in the fourth quarter. Steadfast Capital Management LP now owns 3,641,660 shares of the company's stock worth $113,948,000 after purchasing an additional 2,458,800 shares during the last quarter. 74.99% of the stock is owned by hedge funds and other institutional investors.

Endeavor Group Stock Performance

EDR stock traded up $1.29 during midday trading on Thursday, reaching $32.05. 964,027 shares of the company's stock traded hands, compared to its average volume of 1,690,828. Endeavor Group has a 52 week low of $23.51 and a 52 week high of $35.99. The company has a 50-day moving average price of $31.39 and a two-hundred day moving average price of $29.78. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $21.93 billion, a PE ratio of -15.63 and a beta of 0.74.

Endeavor Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, February 28th. Endeavor Group's dividend payout ratio (DPR) is -9.02%.

Endeavor Group Company Profile

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.