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

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) have been assigned a consensus rating of “Reduce” from the eight analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $27.50.

EDR has been the subject of a number of recent analyst reports. StockNews.com lowered Endeavor Group from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Seaport Res Ptn lowered shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 11th.

Endeavor Group Price Performance

Shares of NYSE EDR opened at $30.05 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. Endeavor Group has a fifty-two week low of $25.07 and a fifty-two week high of $35.99. The stock has a market cap of $20.62 billion, a PE ratio of -14.66 and a beta of 0.72. The stock has a fifty day moving average of $30.69 and a 200-day moving average of $30.03.

Endeavor Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.24 annualized dividend and a yield of 0.80%. Endeavor Group’s payout ratio is presently -9.02%.

Insider Transactions at Endeavor Group

In related news, CAO William K. Fullerton sold 6,875 shares of the stock in a transaction 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 transaction, the chief accounting officer now owns 53,255 shares of the company’s stock, valued at $1,659,958.35. This represents a 11.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Canada Pension Plan Investment sold 21,038,712 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $27.50, for a total value of $578,564,580.00. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 1,212,077 shares of company stock valued at $191,824,043 and have sold 21,185,617 shares valued at $582,983,444. Insiders own 63.90% of the company’s stock.

Institutional Trading of Endeavor Group

Several hedge funds and other institutional investors have recently bought and sold shares of EDR. Kapitalo Investimentos Ltda purchased a new stake in shares of Endeavor Group in the 4th quarter valued at $51,000. Blue Trust Inc. boosted its position in Endeavor Group by 176.1% during the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock valued at $66,000 after buying an additional 1,469 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Endeavor Group during the fourth quarter valued at about $96,000. BNP Paribas Financial Markets purchased a new position in shares of Endeavor Group in the fourth quarter worth about $120,000. Finally, FMR LLC lifted its stake in shares of Endeavor Group by 67.6% in the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after acquiring an additional 2,248 shares during the last quarter. 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.