Endeavor Group (NYSE:EDR) Hits New 12-Month High - Still a Buy?

Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report)'s share price hit a new 52-week high on Friday . The stock traded as high as $30.65 and last traded at $30.65, with a volume of 3898 shares traded. The stock had previously closed at $30.38.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Endeavor Group in a research note on Sunday, December 1st. They set a "hold" rating on the stock. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $27.86.

Endeavor Group Stock Performance

The stock has a market capitalization of $20.82 billion, a P/E ratio of -14.84 and a beta of 0.76. The business's fifty day moving average price is $29.37 and its two-hundred day moving average price is $28.00. 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 company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a dividend of $0.06 per share. The ex-dividend date is Monday, December 16th. This represents a $0.24 annualized dividend and a yield of 0.79%. Endeavor Group's payout ratio is -11.71%.

Insider Activity at Endeavor Group

In related news, CEO Ariel Emanuel sold 27,816 shares of the company's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $28.01, for a total transaction of $779,126.16. Following the transaction, the chief executive officer now directly owns 1,831,247 shares in the company, valued at approximately $51,293,228.47. This represents a 1.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 225,272 shares of company stock worth $6,372,925. Insiders own 63.90% of the company's stock.

Institutional Investors Weigh In On Endeavor Group

Large investors have recently added to or reduced their stakes in the stock. Longfellow Investment Management Co. LLC purchased a new stake in shares of Endeavor Group in the 2nd quarter worth approximately $75,000. DekaBank Deutsche Girozentrale purchased a new stake in Endeavor Group during the first quarter valued at approximately $102,000. SG Americas Securities LLC purchased a new stake in Endeavor Group during the second quarter valued at approximately $130,000. FMR LLC lifted its position in Endeavor Group by 67.6% during the third quarter. FMR LLC now owns 5,575 shares of the company's stock valued at $159,000 after acquiring an additional 2,248 shares during the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in Endeavor Group during the second quarter valued at approximately $226,000. 71.37% of the stock is owned by hedge funds and other institutional investors.

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.