Endeavor Group (NYSE:EDR) Sets New 1-Year High – Still a Buy?

Endeavor Group Holdings, Inc. (NYSE:EDR) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $30.71 and last traded at $30.66, with a volume of 9653 shares changing hands. The stock had previously closed at $30.60.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Endeavor Group in a research report on Monday, December 9th. They issued a “sell” rating for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Endeavor Group currently has an average rating of “Hold” and an average price target of $27.86.

Endeavor Group Trading Up 0.1 %

The company has a 50 day moving average of $29.56 and a two-hundred day moving average of $28.13. 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 stock has a market capitalization of $21.04 billion, a PE ratio of -15.00 and a beta of 0.76.

Endeavor Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Monday, December 16th. Endeavor Group’s payout ratio is currently -11.71%.

Insiders Place Their Bets

In other news, major shareholder Patrick Whitesell acquired 60,208 shares of Endeavor Group stock in a transaction dated Thursday, December 12th. The stock was purchased at an average cost of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the purchase, the insider now directly owns 1,734,530 shares in the company, valued at $249,303,996.90. This trade represents a 3.60 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ariel Emanuel sold 149,280 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total value of $4,194,768.00. Following the completion of the sale, the chief executive officer now owns 1,831,247 shares in the company, valued at approximately $51,458,040.70. This represents a 7.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 225,272 shares of company stock valued at $6,372,925. Insiders own 63.90% of the company’s stock.

Institutional Inflows and Outflows

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

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.