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

Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report) has received a consensus rating of "Hold" from the nine research firms that are covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $27.86.

Separately, StockNews.com assumed coverage on Endeavor Group in a report on Monday, December 9th. They set a "sell" rating on the stock.

Insider Transactions at Endeavor Group

In other Endeavor Group news, major shareholder Patrick Whitesell purchased 60,208 shares of the business'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 transaction, the insider now directly owns 1,734,530 shares of the company's stock, valued at $249,303,996.90. This represents a 3.60 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ariel Emanuel sold 27,816 shares of the firm's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $28.01, for a total value of $779,126.16. Following the completion of the transaction, the chief executive officer now owns 1,831,247 shares of the company's stock, valued at $51,293,228.47. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 225,272 shares of company stock valued at $6,372,925 in the last ninety days. 63.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EDR. Tidal Investments LLC raised its stake in shares of Endeavor Group by 7.9% during the 3rd quarter. Tidal Investments LLC now owns 8,498 shares of the company's stock worth $243,000 after purchasing an additional 620 shares in the last quarter. Arizona State Retirement System raised its position in Endeavor Group by 1.8% during the second quarter. Arizona State Retirement System now owns 50,444 shares of the company's stock worth $1,364,000 after acquiring an additional 898 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Endeavor Group by 2.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company's stock valued at $1,165,000 after acquiring an additional 1,066 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Endeavor Group by 3.0% during 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 during the last quarter. Finally, Mirador Capital Partners LP raised its holdings in shares of Endeavor Group by 6.7% in the 3rd quarter. Mirador Capital Partners LP now owns 26,265 shares of the company's stock valued at $750,000 after purchasing an additional 1,655 shares during the period. 74.99% of the stock is owned by institutional investors and hedge funds.

Endeavor Group Trading Up 0.1 %

Endeavor Group stock traded up $0.02 during mid-day trading on Friday, hitting $30.75. 1,358,674 shares of the company's stock were exchanged, compared to its average volume of 3,347,155. The company's 50 day simple moving average is $29.56 and its 200-day simple moving average is $28.14. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $21.04 billion, a P/E ratio of -15.00 and a beta of 0.76. Endeavor Group has a fifty-two week low of $22.75 and a fifty-two week high of $30.83.

Endeavor Group Announces Dividend

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. This represents a $0.24 annualized dividend and a yield of 0.78%. The ex-dividend date is Monday, December 16th. Endeavor Group's payout ratio is -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.