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

Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday following insider buying activity. The stock traded as high as $32.71 and last traded at $32.14, with a volume of 167802 shares traded. The stock had previously closed at $31.36.

Specifically, major shareholder Patrick Whitesell bought 177,861 shares of Endeavor Group stock in a transaction dated Friday, February 7th. The shares were purchased at an average cost of $165.99 per share, with a total value of $29,523,147.39. Following the completion of the acquisition, the insider now owns 2,188,966 shares of the company's stock, valued at $363,346,466.34. This trade represents a 8.84 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Patrick Whitesell bought 81,019 shares of Endeavor Group stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average cost of $159.72 per share, for a total transaction of $12,940,354.68. Following the completion of the acquisition, the insider now directly owns 1,938,135 shares of the company's stock, valued at approximately $309,558,922.20. The trade was a 4.36 % increase in their position. The disclosure for this purchase can be found here. In other news, major shareholder Patrick Whitesell bought 80,758 shares of Endeavor Group stock in a transaction dated Friday, January 31st. The shares were purchased at an average cost of $156.79 per share, with a total value of $12,662,046.82. Following the completion of the acquisition, the insider now owns 1,686,368 shares of the company's stock, valued at $264,405,638.72. This trade represents a 5.03 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Endeavor Group from a "hold" rating to a "sell" rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $27.86.

Endeavor Group Stock Up 3.1 %

The company has a 50 day simple moving average of $30.92 and a two-hundred day simple moving average of $29.30. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $23.64 billion, a P/E ratio of -16.85 and a beta of 0.74.

Endeavor Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a dividend of $0.06 per share. The ex-dividend date was Monday, December 16th. This represents a $0.24 annualized dividend and a yield of 0.69%. Endeavor Group's payout ratio is currently -11.71%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Blue Trust Inc. grew its stake in shares of Endeavor Group by 176.1% during the fourth 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 during the last quarter. FNY Investment Advisers LLC purchased a new stake in Endeavor Group during the fourth quarter worth $96,000. FMR LLC lifted its holdings in shares of Endeavor Group by 67.6% during the 3rd quarter. FMR LLC now owns 5,575 shares of the company's stock valued at $159,000 after purchasing an additional 2,248 shares during the last quarter. KBC Group NV lifted its holdings in shares of Endeavor Group by 65.3% during the 4th quarter. KBC Group NV now owns 7,191 shares of the company's stock valued at $225,000 after purchasing an additional 2,842 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in shares of Endeavor Group during the 4th quarter valued at $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.