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

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

Separately, StockNews.com downgraded Endeavor Group from a "hold" rating to a "sell" rating in a report on Saturday.

Endeavor Group Trading Down 1.0 %

Shares of EDR stock traded down $0.31 during mid-day trading on Wednesday, reaching $30.34. The stock had a trading volume of 1,137,309 shares, compared to its average volume of 746,042. The firm has a market capitalization of $20.76 billion, a PE ratio of -14.80 and a beta of 0.74. The stock's 50-day moving average price is $30.22 and its two-hundred day moving average price is $28.67. 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 has a 52-week low of $22.77 and a 52-week high of $31.49.

Endeavor Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Monday, December 16th. Endeavor Group's payout ratio is presently -11.71%.

Insider Activity at Endeavor Group

In other Endeavor Group news, major shareholder Patrick Whitesell bought 60,208 shares of the stock in a transaction dated Thursday, December 12th. The stock was purchased at an average cost of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the acquisition, the insider now owns 1,734,530 shares of the company's stock, valued at approximately $249,303,996.90. This trade represents a 3.60 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO William K. Fullerton sold 6,875 shares of the company'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 value of $214,293.75. Following the completion of the sale, the chief accounting officer now owns 53,255 shares in the company, valued at $1,659,958.35. The trade was a 11.43 % decrease in their position. The disclosure for this sale can be found here. 63.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc bought a new position in shares of Endeavor Group in the second quarter worth approximately $226,000. 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. Headlands Technologies LLC purchased a new stake in Endeavor Group during the 2nd quarter valued at $1,670,000. Vest Financial LLC increased its holdings in shares of Endeavor Group by 24.4% in the 2nd quarter. Vest Financial LLC now owns 41,188 shares of the company's stock worth $1,113,000 after purchasing an additional 8,071 shares in the last quarter. Finally, JBF Capital Inc. purchased a new position in shares of Endeavor Group in the second quarter worth $622,000. 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.