Endeavor Group (NYSE:EDR) Hits New 12-Month High After Insider Buying Activity

Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday following insider buying activity. The company traded as high as $31.55 and last traded at $31.45, with a volume of 1526848 shares trading hands. The stock had previously closed at $30.90.

Specifically, major shareholder Patrick Whitesell purchased 125,589 shares of the company's stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $143.06 per share, for a total transaction of $17,966,762.34. Following the transaction, the insider now owns 807,376 shares of the company's stock, valued at $115,503,210.56. This represents a 18.42 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Patrick Whitesell acquired 108,476 shares of Endeavor Group stock in a transaction on Tuesday, January 21st. The shares were purchased at an average cost of $144.13 per share, with a total value of $15,634,645.88. Following the completion of the purchase, the insider now directly owns 915,852 shares of the company's stock, valued at approximately $132,001,748.76. This represents a 13.44 % increase in their position. The disclosure for this purchase can be found here.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Endeavor Group from a "sell" rating to a "hold" rating in a research note on Monday, January 13th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Endeavor Group has a consensus rating of "Hold" and a consensus price target of $27.86.

Endeavor Group Trading Up 2.1 %

The company has a market cap of $21.59 billion, a price-to-earnings ratio of -15.40 and a beta of 0.74. The business's 50 day moving average price is $30.61 and its 200-day moving average price is $28.98. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63.

Endeavor Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a dividend of $0.06 per share. The ex-dividend date was Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.76%. Endeavor Group's dividend payout ratio is -11.71%.

Hedge Funds Weigh In On Endeavor Group

Several institutional investors have recently bought and sold shares of EDR. Blue Trust Inc. boosted its stake in Endeavor Group by 176.1% in the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company's stock valued at $66,000 after acquiring an additional 1,469 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Endeavor Group in the 4th quarter valued at $96,000. FMR LLC boosted its position in shares of Endeavor Group by 67.6% in the 3rd quarter. FMR LLC now owns 5,575 shares of the company's stock worth $159,000 after purchasing an additional 2,248 shares during the last quarter. KBC Group NV lifted its stake in Endeavor Group by 65.3% in the fourth quarter. KBC Group NV now owns 7,191 shares of the company's stock valued at $225,000 after buying an additional 2,842 shares during the period. Finally, Everence Capital Management Inc. bought a new position in Endeavor Group during the fourth quarter worth about $233,000. 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.