Endeavor Group (NYSE:EDR) Hits New 52-Week High - Should You Buy?

Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report) shares hit a new 52-week high during trading on Friday . The stock traded as high as $30.48 and last traded at $30.32, with a volume of 52750 shares traded. The stock had previously closed at $30.34.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Endeavor Group in a report on Saturday, November 23rd. They set a "hold" rating on the stock. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. 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 Performance

The company has a 50-day moving average price of $29.15 and a two-hundred day moving average price of $27.87. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $20.78 billion, a P/E ratio of -14.81 and a beta of 0.77.

Insider Transactions at Endeavor Group

In other news, CEO Ariel Emanuel sold 149,280 shares of Endeavor Group stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $28.10, for a total value of $4,194,768.00. Following the completion of the transaction, the chief executive officer now directly owns 1,831,247 shares of the company's stock, valued at approximately $51,458,040.70. This trade represents a 7.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders sold 225,272 shares of company stock valued at $6,372,925. Corporate insiders own 63.90% of the company's stock.

Institutional Trading of Endeavor Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EDR. California State Teachers Retirement System increased its position in Endeavor Group by 8.8% in the 1st quarter. California State Teachers Retirement System now owns 162,293 shares of the company's stock valued at $4,176,000 after buying an additional 13,120 shares in the last quarter. Comerica Bank boosted its stake in Endeavor Group by 11.7% during the 1st quarter. Comerica Bank now owns 17,529 shares of the company's stock valued at $451,000 after purchasing an additional 1,832 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Endeavor Group during the 1st quarter valued at about $102,000. SG Americas Securities LLC acquired a new position in Endeavor Group during the 2nd quarter valued at about $130,000. Finally, Mirador Capital Partners LP boosted its stake in Endeavor Group by 11.2% during the 2nd quarter. Mirador Capital Partners LP now owns 24,610 shares of the company's stock valued at $665,000 after purchasing an additional 2,485 shares during the last quarter. 71.37% of the stock is owned by 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.