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

Endeavor Group Holdings, Inc. (NYSE:EDR) shares hit a new 52-week high during mid-day trading on Friday . The company 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.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Endeavor Group in a research note 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $27.86.

Endeavor Group Trading Up 0.2 %

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 fifty day moving average of $29.05 and a 200 day moving average of $27.83.

Insider Buying and Selling

In other Endeavor Group news, CEO Ariel Emanuel sold 27,816 shares of Endeavor Group stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $28.01, for a total value of $779,126.16. Following the completion of the sale, the chief executive officer now directly owns 1,831,247 shares in the company, valued at approximately $51,293,228.47. The trade was a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 225,272 shares of company stock valued at $6,372,925 over the last quarter. Insiders own 63.90% of the company’s stock.

Institutional Investors Weigh In On Endeavor Group

A number of large investors have recently bought and sold shares of the stock. Tidal Investments LLC boosted its position 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 worth $243,000 after purchasing an additional 620 shares in the last quarter. Virtu Financial LLC acquired a new stake in Endeavor Group in the third quarter valued at approximately $602,000. Geode Capital Management LLC raised its position in shares of Endeavor Group by 4.0% during the third quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock worth $59,367,000 after purchasing an additional 79,212 shares during the period. Barclays PLC lifted its holdings in shares of 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 increased its stake in Endeavor Group by 142.3% during the 3rd quarter. XTX Topco Ltd now owns 90,867 shares of the company’s stock valued at $2,595,000 after purchasing an additional 53,370 shares in the last quarter. 71.37% of the stock is currently owned by institutional investors and hedge funds.

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.