Endeavor Group (EDR) – Investment Analysts’ Weekly Ratings Changes

Endeavor Group (NYSE: EDR) recently received a number of ratings updates from brokerages and research firms:

• 4/15/2024 – Endeavor Group was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They now have a $27.50 price target on the stock, down previously from $29.00.
• 4/13/2024 – Endeavor Group is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 4/5/2024 – Endeavor Group had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $27.50 price target on the stock, down previously from $30.00.
• 4/4/2024 – Endeavor Group had its “hold” rating reaffirmed by analysts at Jefferies Financial Group Inc.. They now have a $27.50 price target on the stock, down previously from $29.00.
• 4/3/2024 – Endeavor Group had its “neutral” rating reaffirmed by analysts at UBS Group AG. They now have a $27.50 price target on the stock, down previously from $31.00.
• 4/3/2024 – Endeavor Group had its “neutral” rating reaffirmed by analysts at Guggenheim. They now have a $27.50 price target on the stock, down previously from $36.00.
• 4/3/2024 – Endeavor Group had its “in-line” rating reaffirmed by analysts at Evercore ISI. They now have a $27.50 price target on the stock, down previously from $28.00.
• 4/2/2024 – Endeavor Group was downgraded by analysts at Seaport Res Ptn from a “buy” rating to a “neutral” rating.
• 3/25/2024 – Endeavor Group had its price target raised by analysts at TD Cowen from $28.00 to $30.00. They now have an “outperform” rating on the stock.

Endeavor Group Price Performance

NYSE:EDR traded down $0.02 during trading hours on Wednesday, hitting $26.34. The company’s stock had a trading volume of 6,568,358 shares, compared to its average volume of 4,455,775. The business’s 50-day moving average is $25.00 and its two-hundred day moving average is $23.76. The company has a market capitalization of $18.24 billion, a PE ratio of 25.33, a PEG ratio of 1.92 and a beta of 0.82. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 1.24. Endeavor Group Holdings, Inc. has a 52-week low of $17.65 and a 52-week high of $26.63.

Endeavor Group (NYSE:EDR) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Endeavor Group had a return on equity of 1.05% and a net margin of 5.98%. As a group, research analysts anticipate that Endeavor Group Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Endeavor Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Thursday, March 14th. Endeavor Group’s dividend payout ratio is currently 23.08%.

Insider Activity

In other news, CAO William K. Fullerton sold 1,148 shares of the firm’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $23.22, for a total value of $26,656.56. Following the completion of the transaction, the chief accounting officer now owns 82,394 shares in the company, valued at $1,913,188.68. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, major shareholder Patrick Whitesell acquired 1,642,970 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were acquired at an average price of $89.01 per share, with a total value of $146,240,759.70. Following the completion of the purchase, the insider now directly owns 1,642,970 shares in the company, valued at $146,240,759.70. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CAO William K. Fullerton sold 1,148 shares of the stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $23.22, for a total value of $26,656.56. Following the sale, the chief accounting officer now directly owns 82,394 shares in the company, valued at approximately $1,913,188.68. The disclosure for this sale can be found here. Insiders sold a total of 198,613 shares of company stock worth $4,874,524 over the last 90 days. 82.08% of the stock is currently owned by corporate insiders.

Institutional Trading of Endeavor Group

A number of hedge funds have recently added to or reduced their stakes in EDR. Vanguard Group Inc. raised its holdings in shares of Endeavor Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 14,651,192 shares of the company’s stock worth $291,559,000 after purchasing an additional 254,550 shares during the period. Morgan Stanley raised its holdings in shares of Endeavor Group by 24.9% in the 4th quarter. Morgan Stanley now owns 13,474,269 shares of the company’s stock worth $303,710,000 after purchasing an additional 2,689,204 shares during the period. Millennium Management LLC raised its holdings in shares of Endeavor Group by 6.4% during the 4th quarter. Millennium Management LLC now owns 7,114,037 shares of the company’s stock valued at $160,350,000 after buying an additional 429,390 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Endeavor Group by 20.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,814,416 shares of the company’s stock valued at $139,140,000 after buying an additional 978,196 shares during the period. Finally, FMR LLC raised its holdings in shares of Endeavor Group by 3.7% during the 3rd quarter. FMR LLC now owns 5,145,883 shares of the company’s stock valued at $102,403,000 after buying an additional 184,212 shares during the period. 71.37% of the stock is owned by institutional investors and hedge funds.

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.