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

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) have earned a consensus rating of “Hold” from the nine analysts that are presently covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $27.86.

Separately, StockNews.com initiated coverage on shares of Endeavor Group in a report on Monday, December 9th. They issued a “sell” rating for the company.

Endeavor Group Price Performance

Shares of EDR stock opened at $31.21 on Friday. The business has a fifty day simple moving average of $29.74 and a 200 day simple moving average of $28.28. The company has a market cap of $21.35 billion, a P/E ratio of -15.22 and a beta of 0.76. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. Endeavor Group has a twelve month low of $22.75 and a twelve month high of $31.30.

Endeavor Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Monday, December 16th. Endeavor Group’s dividend payout ratio (DPR) is currently -11.71%.

Insider Activity

In other Endeavor Group news, CEO Ariel Emanuel sold 48,176 shares of Endeavor Group stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $29.04, for a total transaction of $1,399,031.04. Following the transaction, the chief executive officer now directly owns 1,831,247 shares of the company’s stock, valued at approximately $53,179,412.88. The trade was a 2.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Patrick Whitesell purchased 60,208 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was bought 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. This trade represents a 3.60 % increase in their position. The disclosure for this purchase can be found here. 63.90% of the stock is currently owned by insiders.

Institutional Trading of Endeavor Group

Institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC grew its holdings in 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 acquiring an additional 620 shares during the period. Arizona State Retirement System grew its stake 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 purchasing an additional 898 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Endeavor Group by 2.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company’s stock worth $1,165,000 after purchasing an additional 1,066 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Endeavor Group by 3.0% in the second 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 in the last quarter. Finally, Mirador Capital Partners LP lifted its stake in Endeavor Group by 6.7% in the third quarter. Mirador Capital Partners LP now owns 26,265 shares of the company’s stock valued at $750,000 after buying an additional 1,655 shares during the period. 74.99% of the stock is currently owned by institutional investors.

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.