Insider Buying: Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Buys 99,996 Shares of Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell purchased 99,996 shares of the business’s stock in a transaction on Wednesday, January 29th. The stock was purchased at an average cost of $156.60 per share, for a total transaction of $15,659,373.60. Following the acquisition, the insider now owns 1,539,589 shares in the company, valued at approximately $241,099,637.40. The trade was a 6.95 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own more than 10% 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 acquired at an average cost of $153.18 per share, for a total transaction of $13,668,864.12.
• On Thursday, January 23rd, Patrick Whitesell purchased 120,958 shares of Endeavor Group stock. The shares were acquired at an average cost of $150.92 per share, with a total value of $18,254,981.36.
• On Friday, January 17th, Patrick Whitesell bought 125,589 shares of Endeavor Group stock. The shares were acquired at an average cost of $143.06 per share, for a total transaction of $17,966,762.34.
• On Tuesday, January 21st, Patrick Whitesell purchased 108,476 shares of Endeavor Group stock. The stock was bought at an average price of $144.13 per share, for a total transaction of $15,634,645.88.
• On Monday, December 16th, Patrick Whitesell acquired 263,200 shares of Endeavor Group stock. The stock was bought at an average price of $146.97 per share, with a total value 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, for a total transaction of $8,653,695.84.

Endeavor Group Stock Performance

Endeavor Group stock opened at $31.03 on Friday. Endeavor Group Holdings, Inc. has a twelve month low of $23.14 and a twelve month high of $32.28. 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 market capitalization of $21.23 billion, a P/E ratio of -15.14 and a beta of 0.74. The stock’s 50 day moving average is $30.75 and its 200 day moving average is $29.07.

Endeavor Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.77%. Endeavor Group’s payout ratio is presently -11.71%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Endeavor Group

A number of hedge funds have recently bought and sold shares of EDR. Athos Capital Ltd raised 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 worth $220,460,000 after buying an additional 4,447,000 shares during the last quarter. Polar Asset Management Partners Inc. increased its position in shares of Endeavor Group by 300.0% during the third quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company’s stock valued at $57,120,000 after acquiring an additional 1,500,000 shares in the last quarter. LMR Partners LLP raised its holdings in Endeavor Group by 41.6% in the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock worth $125,486,000 after acquiring an additional 1,290,867 shares during the last quarter. Whitefort Capital Management LP bought a new position in Endeavor Group in the 3rd quarter valued at approximately $28,560,000. Finally, Palliser Capital UK Ltd boosted its stake in Endeavor Group by 230.0% during the 3rd quarter. Palliser Capital UK Ltd now owns 1,237,263 shares of the company’s stock valued at $35,336,000 after purchasing an additional 862,380 shares during the last quarter. 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.