Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Patrick Whitesell Acquires 120,958 Shares

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell bought 120,958 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were acquired at an average cost of $150.92 per share, for a total transaction of $18,254,981.36. Following the transaction, the insider now directly owns 1,152,762 shares in the company, valued at approximately $173,974,841.04. This trade represents a 11.72 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, January 27th, Patrick Whitesell bought 89,234 shares of Endeavor Group stock. The stock was purchased at an average price of $153.18 per share, with a total value of $13,668,864.12.
• On Friday, January 17th, Patrick Whitesell purchased 125,589 shares of Endeavor Group stock. The shares were bought at an average price of $143.06 per share, for a total transaction of $17,966,762.34.
• On Tuesday, January 21st, Patrick Whitesell acquired 108,476 shares of Endeavor Group stock. The stock was acquired at an average cost of $144.13 per share, for a total transaction of $15,634,645.88.
• On Monday, December 16th, Patrick Whitesell purchased 263,200 shares of Endeavor Group stock. The shares were purchased at an average price of $146.97 per share, for a total transaction of $38,682,504.00.
• On Thursday, December 12th, Patrick Whitesell purchased 60,208 shares of Endeavor Group stock. The shares were bought at an average price of $143.73 per share, with a total value of $8,653,695.84.

Endeavor Group Stock Performance

EDR opened at $30.42 on Thursday. Endeavor Group Holdings, Inc. has a 1-year low of $23.14 and a 1-year high of $32.28. The stock has a market cap of $20.81 billion, a P/E ratio of -14.84 and a beta of 0.74. The stock’s 50 day simple moving average is $30.72 and its 200 day simple moving average is $29.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63.

Endeavor Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Monday, December 16th. Endeavor Group’s payout ratio is -11.71%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Endeavor Group

Hedge funds have recently modified their holdings of the stock. Blue Trust Inc. raised its holdings in Endeavor Group by 176.1% in 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 period. FNY Investment Advisers LLC acquired a new stake in Endeavor Group during the 4th quarter valued at approximately $96,000. FMR LLC increased its stake in shares of Endeavor Group by 67.6% in the third quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after buying an additional 2,248 shares during the last quarter. KBC Group NV raised its stake in shares of Endeavor Group by 65.3% in 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 in the last quarter. Finally, Everence Capital Management Inc. acquired a new position in shares of Endeavor Group in the 4th quarter worth approximately $233,000. 74.99% of the stock is 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.