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

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell acquired 125,589 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were bought at an average cost of $143.06 per share, with a total value of $17,966,762.34. Following the purchase, the insider now owns 807,376 shares in the company, valued at approximately $115,503,210.56. The trade was a 18.42 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more 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 stock was bought 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 stock was bought at an average price 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 shares were purchased at an average price of $143.73 per share, with a total value of $8,653,695.84.

Endeavor Group Price Performance

NYSE:EDR opened at $29.78 on Thursday. The business’s 50-day moving average is $30.51 and its two-hundred day moving average is $28.93. Endeavor Group Holdings, Inc. has a 12 month low of $23.14 and a 12 month high of $31.49. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a dividend of $0.06 per share. The ex-dividend date was Monday, December 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.81%. Endeavor Group’s payout ratio is currently -11.71%.

Analysts Set New Price Targets

Separately, StockNews.com raised 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 data from MarketBeat, Endeavor Group currently has an average rating of “Hold” and an average target price of $27.86.

Hedge Funds Weigh In On Endeavor Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. LMR Partners LLP raised its stake in shares of Endeavor Group by 41.6% during the third quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock valued at $125,486,000 after purchasing an additional 1,290,867 shares during the period. Moran Wealth Management LLC purchased a new stake in Endeavor Group during the 3rd quarter worth $2,870,000. Geode Capital Management LLC increased its stake in Endeavor Group by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock worth $59,367,000 after buying an additional 79,212 shares during the period. Davide Leone & Partners Investment Co Ltd. lifted its holdings in Endeavor Group by 81.0% in the 2nd quarter. Davide Leone & Partners Investment Co Ltd. now owns 848,945 shares of the company’s stock worth $22,947,000 after buying an additional 380,000 shares in the last quarter. Finally, Athos Capital Ltd boosted its position in Endeavor Group by 135.9% in the 3rd 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. Hedge funds and other institutional investors own 74.99% of the company’s stock.

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.