Endeavor Group (NYSE:EDR) Downgraded by Citigroup to “Neutral”

Citigroup lowered shares of Endeavor Group (NYSE:EDR) from a buy rating to a neutral rating in a research report report published on Monday, Marketbeat reports. The firm currently has $27.50 price target on the stock, down from their previous price target of $29.00.

Several other analysts also recently commented on the stock. Jefferies Financial Group reaffirmed a hold rating and set a $27.50 price objective (down previously from $29.00) on shares of Endeavor Group in a research report on Thursday, April 4th. Evercore ISI reiterated an in-line rating and issued a $27.50 target price (down from $28.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. JPMorgan Chase & Co. reiterated a neutral rating and issued a $27.50 target price (down from $30.00) on shares of Endeavor Group in a report on Friday, April 5th. Seaport Res Ptn cut Endeavor Group from a buy rating to a neutral rating in a report on Tuesday, April 2nd. Finally, UBS Group reiterated a neutral rating and issued a $27.50 target price (down from $31.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Endeavor Group presently has a consensus rating of Hold and a consensus price target of $29.30.

Endeavor Group Stock Performance

Shares of EDR stock opened at $26.44 on Monday. The company has a market cap of $18.31 billion, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 1.92 and a beta of 0.82. Endeavor Group has a 52 week low of $17.65 and a 52 week high of $26.63. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average of $25.09 and a 200-day moving average of $23.79.

Endeavor Group (NYSE:EDR) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.55 billion. Endeavor Group had a net margin of 5.98% and a return on equity of 1.05%. On average, equities analysts forecast that Endeavor Group will post 1.27 earnings per share for the current year.

Endeavor Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Thursday, March 14th. Endeavor Group’s payout ratio is presently 23.08%.

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, major shareholder Patrick Whitesell purchased 1,642,970 shares of the company’s stock in a transaction dated Tuesday, April 9th. The stock was purchased at an average price of $89.01 per share, for a total transaction of $146,240,759.70. Following the transaction, the insider now owns 1,642,970 shares in the company, valued at approximately $146,240,759.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Endeavor Group news, major shareholder Patrick Whitesell purchased 1,642,970 shares of the company’s stock in a transaction dated Tuesday, April 9th. The stock was purchased at an average price of $89.01 per share, for a total transaction of $146,240,759.70. Following the transaction, the insider now owns 1,642,970 shares in the company, valued at approximately $146,240,759.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mark S. Shapiro sold 70,600 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total value of $1,700,048.00. Following the completion of the sale, the insider now owns 81,460 shares of the company’s stock, valued at approximately $1,961,556.80. The disclosure for this sale can be found here. Insiders sold 197,465 shares of company stock valued at $4,847,868 in the last quarter. 82.08% of the stock is currently owned by corporate insiders.

Institutional Trading of Endeavor Group

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in 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 buying an additional 254,550 shares during the last quarter. Morgan Stanley lifted its position in Endeavor Group by 24.9% in the fourth quarter. Morgan Stanley now owns 13,474,269 shares of the company’s stock valued at $303,710,000 after purchasing an additional 2,689,204 shares during the last quarter. Millennium Management LLC lifted its position in Endeavor Group by 6.4% in the fourth quarter. Millennium Management LLC now owns 7,114,037 shares of the company’s stock valued at $160,350,000 after purchasing an additional 429,390 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Endeavor Group by 20.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,814,416 shares of the company’s stock valued at $139,140,000 after purchasing an additional 978,196 shares during the last quarter. Finally, FMR LLC lifted its position in Endeavor Group by 3.7% in the third 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 during the last quarter. Institutional investors own 71.37% 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.