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

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

Separately, StockNews.com initiated coverage on shares of Endeavor Group in a research report on Friday. They set a "hold" rating for the company.

Endeavor Group Price Performance

Shares of Endeavor Group stock traded up $0.13 during trading on Tuesday, reaching $29.23. The company's stock had a trading volume of 867,758 shares, compared to its average volume of 3,467,420. Endeavor Group has a 52 week low of $22.64 and a 52 week high of $29.67. The business's 50-day moving average price is $28.75 and its 200-day moving average price is $27.67. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28.

Endeavor Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.82%. Endeavor Group's payout ratio is -11.71%.

Insider Buying and Selling

In related news, CEO Ariel Emanuel sold 149,280 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total value of $4,194,768.00. Following the sale, the chief executive officer now owns 1,831,247 shares in the company, valued at approximately $51,458,040.70. This trade represents a 7.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 225,272 shares of company stock valued at $6,372,925. Company insiders own 63.90% of the company's stock.

Institutional Investors Weigh In On Endeavor Group

A number of large investors have recently added to or reduced their stakes in EDR. Sei Investments Co. purchased a new position in shares of Endeavor Group in the first quarter worth about $644,000. Gabelli Funds LLC increased its holdings in shares of Endeavor Group by 125.0% in the first quarter. Gabelli Funds LLC now owns 71,899 shares of the company's stock worth $1,850,000 after buying an additional 39,950 shares during the period. Davide Leone & Partners Investment Co Ltd. increased its holdings in shares of Endeavor Group by 81.0% in the second quarter. Davide Leone & Partners Investment Co Ltd. now owns 848,945 shares of the company's stock worth $22,947,000 after buying an additional 380,000 shares during the period. JBF Capital Inc. purchased a new position in shares of Endeavor Group in the second quarter worth about $622,000. Finally, Palliser Capital UK Ltd grew its stake in shares of Endeavor Group by 230.0% in the third quarter. Palliser Capital UK Ltd now owns 1,237,263 shares of the company's stock worth $35,336,000 after purchasing an additional 862,380 shares during the last quarter. Hedge funds and other institutional investors 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.