Endeavor Group Holdings, Inc. (NYSE:EDR) Given Average Recommendation of “Hold” by Analysts

Endeavor Group Holdings, Inc. (NYSE:EDR) has received a consensus rating of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $28.89.

EDR has been the topic of a number of analyst reports. Citigroup cut Endeavor Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $29.00 to $27.50 in a research report on Monday, April 15th. TD Cowen upped their price objective on Endeavor Group from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. UBS Group reissued a “neutral” rating and issued a $27.50 target price (down previously from $31.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. Guggenheim reaffirmed a “neutral” rating and set a $27.50 price target (down from $36.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Finally, Seaport Res Ptn cut shares of Endeavor Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 2nd.

Insider Activity at Endeavor Group

In other news, major shareholder Patrick Whitesell purchased 1,642,970 shares of the stock in a transaction dated Tuesday, April 9th. The stock was acquired at an average cost of $89.01 per share, for a total transaction of $146,240,759.70. Following the completion of the acquisition, the insider now directly owns 1,642,970 shares in the company, valued at approximately $146,240,759.70. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other Endeavor Group news, major shareholder Patrick Whitesell purchased 1,642,970 shares of Endeavor Group stock in a transaction on Tuesday, April 9th. The shares were bought at an average price of $89.01 per share, with a total value of $146,240,759.70. Following the purchase, the insider now directly owns 1,642,970 shares in the company, valued at approximately $146,240,759.70. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jason Lublin sold 20,832 shares of Endeavor Group stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $26.87, for a total value of $559,755.84. Following the completion of the sale, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at approximately $3,498,124.69. The disclosure for this sale can be found here. Insiders have sold a total of 69,246 shares of company stock valued at $1,843,419 over the last quarter. Insiders own 63.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. HighTower Advisors LLC increased its holdings in shares of Endeavor Group by 4.7% during the 3rd quarter. HighTower Advisors LLC now owns 16,037 shares of the company’s stock worth $319,000 after buying an additional 721 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Endeavor Group by 173.1% in the 3rd quarter. Citigroup Inc. now owns 24,884 shares of the company’s stock worth $495,000 after purchasing an additional 15,772 shares during the period. FMR LLC lifted its stake in shares of Endeavor Group by 3.7% in the 3rd quarter. FMR LLC now owns 5,145,883 shares of the company’s stock valued at $102,403,000 after purchasing an additional 184,212 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Endeavor Group by 7.8% during the 3rd quarter. Hsbc Holdings PLC now owns 37,877 shares of the company’s stock worth $754,000 after purchasing an additional 2,740 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Endeavor Group by 115.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 107,700 shares of the company’s stock worth $2,143,000 after purchasing an additional 57,700 shares in the last quarter. 71.37% of the stock is currently owned by hedge funds and other institutional investors.

Endeavor Group Price Performance

Endeavor Group stock opened at $26.84 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.16 and a quick ratio of 1.16. The business has a 50 day simple moving average of $26.63 and a 200-day simple moving average of $25.21. Endeavor Group has a 12 month low of $17.65 and a 12 month high of $27.01. The stock has a market capitalization of $18.60 billion, a PE ratio of 48.80, a price-to-earnings-growth ratio of 1.76 and a beta of 0.78.

Endeavor Group (NYSE:EDR) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.50. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.93 billion. Endeavor Group had a net margin of 3.40% and a return on equity of 2.86%. Equities analysts predict that Endeavor Group will post 1.4 earnings per share for the current year.

Endeavor Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.89%. Endeavor Group’s dividend payout ratio (DPR) is 43.64%.

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.