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

Endeavor Group Holdings, Inc. (NYSE:EDR) has earned an average rating of “Reduce” from the eight analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $27.50.

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

Endeavor Group Price Performance

Shares of EDR opened at $30.05 on Monday. The company has a market capitalization of $20.62 billion, a price-to-earnings ratio of -14.66 and a beta of 0.72. Endeavor Group has a 1 year low of $25.07 and a 1 year high of $35.99. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. The business has a 50-day moving average of $30.69 and a 200-day moving average of $30.00.

Endeavor Group Announces Dividend

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

Insider Buying and Selling

In other news, insider Canada Pension Plan Investment sold 21,038,712 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $27.50, for a total transaction of $578,564,580.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO William K. Fullerton sold 6,875 shares of Endeavor Group stock in a transaction dated 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 directly owns 53,255 shares of the company’s stock, valued at approximately $1,659,958.35. This trade represents a 11.43 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, 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. 63.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Endeavor Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in Endeavor Group by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock worth $59,367,000 after buying an additional 79,212 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Endeavor Group by 37.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,240 shares of the company’s stock valued at $1,760,000 after purchasing an additional 15,451 shares in the last quarter. Portfolio Design Labs LLC grew its position in shares of Endeavor Group by 42.7% in the fourth quarter. Portfolio Design Labs LLC now owns 139,243 shares of the company’s stock valued at $4,357,000 after purchasing an additional 41,665 shares in the last quarter. Athos Capital Ltd lifted its holdings in Endeavor Group by 135.9% during the 3rd quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock worth $220,460,000 after purchasing an additional 4,447,000 shares in the last quarter. Finally, Vest Financial LLC boosted its stake in Endeavor Group by 46.5% in the 4th quarter. Vest Financial LLC now owns 78,831 shares of the company’s stock worth $2,467,000 after purchasing an additional 25,020 shares during the period. Institutional investors own 74.99% of the company’s stock.

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.