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

Endeavor Group Holdings, Inc. (NYSE:EDR) has earned an average rating of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $27.86.

Separately, StockNews.com raised shares of Endeavor Group from a “sell” rating to a “hold” rating in a report on Monday, January 13th.

Insider Activity

In related news, CAO William K. Fullerton sold 6,875 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $31.17, for a total value of $214,293.75. Following the sale, the chief accounting officer now owns 53,255 shares in the company, valued at approximately $1,659,958.35. The trade was a 11.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Patrick Whitesell purchased 263,200 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average cost of $146.97 per share, with a total value of $38,682,504.00. Following the acquisition, the insider now owns 418,587 shares in the company, valued at $61,519,731.39. The trade was a 169.38 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,042,580 shares of company stock valued at $156,040,538 in the last ninety days. Corporate insiders own 63.90% of the company’s stock.

Institutional Investors Weigh In On Endeavor Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. CIBC Asset Management Inc grew its stake in Endeavor Group by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 9,108 shares of the company’s stock worth $285,000 after purchasing an additional 447 shares in the last quarter. Tidal Investments LLC raised its position in shares of Endeavor Group by 7.9% in the 3rd quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock valued at $243,000 after purchasing an additional 620 shares during the last quarter. Mirador Capital Partners LP increased its position in shares of Endeavor Group by 3.0% in the 4th quarter. Mirador Capital Partners LP now owns 27,057 shares of the company’s stock valued at $847,000 after acquiring an additional 792 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Endeavor Group by 2.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,789 shares of the company’s stock worth $1,165,000 after buying an additional 1,066 shares during the period. Finally, The Manufacturers Life Insurance Company boosted 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 valued at $1,245,000 after purchasing an additional 1,346 shares during the last quarter. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

Endeavor Group Price Performance

Shares of NYSE EDR opened at $31.32 on Friday. Endeavor Group has a fifty-two week low of $23.14 and a fifty-two week high of $32.67. The company has a market capitalization of $21.42 billion, a price-to-earnings ratio of -15.28 and a beta of 0.74. The company has a 50 day simple moving average of $30.81 and a two-hundred day simple moving average of $29.19. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.24 annualized dividend and a yield of 0.77%. Endeavor Group’s payout ratio is presently -11.71%.

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.