Insider Buying: Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Acquires $17,966,762.34 in Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell purchased 125,589 shares of the stock in a transaction on Friday, January 17th. The shares were purchased at an average cost of $143.06 per share, with a total value 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 trade represents a 18.42 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Patrick Whitesell also recently made the following trade(s):

• On Tuesday, January 21st, Patrick Whitesell bought 108,476 shares of Endeavor Group stock. The shares were purchased at an average price of $144.13 per share, with a total value of $15,634,645.88.
• On Monday, December 16th, Patrick Whitesell purchased 263,200 shares of Endeavor Group stock. The shares were acquired at an average cost of $146.97 per share, for a total transaction of $38,682,504.00.
• On Thursday, December 12th, Patrick Whitesell acquired 60,208 shares of Endeavor Group stock. The stock was acquired at an average cost of $143.73 per share, with a total value of $8,653,695.84.

Endeavor Group Stock Performance

Shares of EDR stock opened at $31.56 on Friday. The company’s fifty day moving average price is $30.61 and its two-hundred day moving average price is $28.98. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $21.59 billion, a P/E ratio of -15.40 and a beta of 0.74. Endeavor Group Holdings, Inc. has a 12 month low of $23.14 and a 12 month high of $31.76.

Endeavor Group Announces Dividend

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 $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Monday, December 16th. Endeavor Group’s dividend payout ratio is currently -11.71%.

Institutional Investors Weigh In On Endeavor Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. LMR Partners LLP increased its stake in shares of Endeavor Group by 41.6% in the third quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock worth $125,486,000 after buying an additional 1,290,867 shares during the last quarter. Moran Wealth Management LLC acquired a new stake in shares of Endeavor Group in the 3rd quarter valued at about $2,870,000. Geode Capital Management LLC lifted 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 last quarter. Davide Leone & Partners Investment Co Ltd. grew its stake in Endeavor Group by 81.0% in the second quarter. Davide Leone & Partners Investment Co Ltd. now owns 848,945 shares of the company’s stock worth $22,947,000 after purchasing an additional 380,000 shares in the last quarter. Finally, Athos Capital Ltd increased its holdings in Endeavor Group by 135.9% in the third quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock valued at $220,460,000 after buying an additional 4,447,000 shares during the last quarter. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.