Endeavor Group Holdings, Inc. (NYSE:EDR) Receives Average Rating of “Hold” from Analysts

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) have earned a consensus rating of “Hold” from the nine research firms that are covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $27.86.

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

Endeavor Group Stock Performance

Shares of EDR stock opened at $31.21 on Friday. The company has a fifty day moving average price of $29.74 and a two-hundred day moving average price of $28.28. Endeavor Group has a one year low of $22.75 and a one year high of $31.30. The stock 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 debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63.

Endeavor Group Dividend Announcement

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

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, major shareholder Patrick Whitesell bought 263,200 shares of Endeavor Group stock in a transaction dated Monday, December 16th. The stock was bought at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ariel Emanuel sold 48,176 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $29.04, for a total transaction of $1,399,031.04. Following the completion of the transaction, the chief executive officer now owns 1,831,247 shares in the company, valued at $53,179,412.88. This trade represents a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 63.90% of the company’s stock.

Institutional Investors Weigh In On Endeavor Group

Institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC raised its stake in Endeavor Group by 7.9% in the third quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock valued at $243,000 after purchasing an additional 620 shares in the last quarter. Virtu Financial LLC bought a new position in Endeavor Group in the 3rd quarter valued at about $602,000. Geode Capital Management LLC raised its position in shares of Endeavor Group by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock valued at $59,367,000 after buying an additional 79,212 shares in the last quarter. Barclays PLC raised its position in shares of Endeavor Group by 5,247.7% in the 3rd quarter. Barclays PLC now owns 318,188 shares of the company’s stock valued at $9,087,000 after buying an additional 312,238 shares in the last quarter. Finally, XTX Topco Ltd lifted its holdings in shares of Endeavor Group by 142.3% during the 3rd quarter. XTX Topco Ltd now owns 90,867 shares of the company’s stock worth $2,595,000 after acquiring an additional 53,370 shares during the period. 74.99% of the stock is currently owned by institutional investors.

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.