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

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) have been given a consensus recommendation of “Hold” by the nine research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $27.86.

Several equities research analysts recently issued reports on EDR shares. Seaport Res Ptn downgraded Endeavor Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 11th. StockNews.com lowered shares of Endeavor Group from a “hold” rating to a “sell” rating in a research report on Monday, February 10th.

Endeavor Group Price Performance

EDR stock opened at $28.86 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. The business has a 50-day simple moving average of $31.25 and a two-hundred day simple moving average of $29.81. The company has a market capitalization of $19.74 billion, a P/E ratio of -14.08 and a beta of 0.74. Endeavor Group has a 52-week low of $24.21 and a 52-week high of $35.99.

Endeavor Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Friday, February 28th. Endeavor Group’s payout ratio is currently -9.02%.

Insider Transactions at Endeavor Group

In related news, CFO Jason Lublin sold 50,000 shares of Endeavor Group stock in a transaction on Monday, February 24th. The stock was sold at an average price of $29.98, for a total transaction of $1,499,000.00. Following the completion of the sale, the chief financial officer now owns 219,613 shares of the company’s stock, valued at approximately $6,583,997.74. This trade represents a 18.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Seth D. Krauss sold 13,280 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $30.03, for a total value of $398,798.40. Following the transaction, the chief accounting officer now owns 101,116 shares of the company’s stock, valued at approximately $3,036,513.48. The trade was a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders purchased 1,535,485 shares of company stock valued at $239,160,243 and sold 146,905 shares valued at $4,418,864. Corporate insiders own 63.90% of the company’s stock.

Institutional Trading of Endeavor Group

A number of large investors have recently modified their holdings of the business. Kapitalo Investimentos Ltda purchased a new stake in Endeavor Group in the fourth quarter valued at approximately $51,000. Blue Trust Inc. raised its position in shares of Endeavor Group by 176.1% during the 4th 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 in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Endeavor Group during the 4th quarter worth $96,000. BNP Paribas Financial Markets bought a new stake in shares of Endeavor Group during the 4th quarter worth $120,000. Finally, FMR LLC grew its position in Endeavor Group by 67.6% in the third quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after acquiring an additional 2,248 shares in the last quarter. 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.