Insider Buying: Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Purchases 177,861 Shares of Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell acquired 177,861 shares of the stock in a transaction dated Friday, February 7th. The stock was acquired at an average cost of $165.99 per share, with a total value of $29,523,147.39. Following the transaction, the insider now directly owns 2,188,966 shares in the company, valued at approximately $363,346,466.34. This represents a 8.84 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 Wednesday, February 5th, Patrick Whitesell purchased 81,019 shares of Endeavor Group stock. The stock was acquired at an average cost of $159.72 per share, with a total value of $12,940,354.68.
• On Friday, January 31st, Patrick Whitesell acquired 80,758 shares of Endeavor Group stock. The shares were bought at an average price of $156.79 per share, for a total transaction of $12,662,046.82.
• On Monday, February 3rd, Patrick Whitesell bought 94,161 shares of Endeavor Group stock. The stock was bought at an average price of $157.79 per share, with a total value of $14,857,664.19.
• On Wednesday, January 29th, Patrick Whitesell purchased 99,996 shares of Endeavor Group stock. The shares were bought at an average price of $156.60 per share, for a total transaction of $15,659,373.60.
• On Monday, January 27th, Patrick Whitesell acquired 89,234 shares of Endeavor Group stock. The shares were bought at an average price of $153.18 per share, with a total value of $13,668,864.12.
• On Thursday, January 23rd, Patrick Whitesell bought 120,958 shares of Endeavor Group stock. The stock was purchased at an average cost of $150.92 per share, for a total transaction of $18,254,981.36.
• On Friday, January 17th, Patrick Whitesell purchased 125,589 shares of Endeavor Group stock. The shares were purchased at an average cost of $143.06 per share, with a total value of $17,966,762.34.
• On Tuesday, January 21st, Patrick Whitesell acquired 108,476 shares of Endeavor Group stock. The stock was purchased at an average cost of $144.13 per share, for a total transaction of $15,634,645.88.
• On Monday, December 16th, Patrick Whitesell bought 263,200 shares of Endeavor Group stock. The shares were purchased at an average cost 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 stock was acquired 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 traded up $1.25 during mid-day trading on Friday, hitting $32.61. The company had a trading volume of 638,688 shares, compared to its average volume of 2,240,308. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $22.31 billion, a price-to-earnings ratio of -15.91 and a beta of 0.74. The company’s fifty day moving average is $30.86 and its 200-day moving average is $29.23. Endeavor Group Holdings, Inc. has a 12-month low of $23.14 and a 12-month high of $32.90.

Endeavor Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were given a dividend of $0.06 per share. The ex-dividend date was Monday, December 16th. This represents a $0.24 annualized dividend and a yield of 0.74%. Endeavor Group’s dividend payout ratio is presently -11.71%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in Endeavor Group by 176.1% during the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock valued at $66,000 after purchasing an additional 1,469 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Endeavor Group during the 4th quarter worth about $96,000. FMR LLC lifted its stake in Endeavor Group by 67.6% in the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after buying an additional 2,248 shares in the last quarter. KBC Group NV boosted its holdings in Endeavor Group by 65.3% in the 4th quarter. KBC Group NV now owns 7,191 shares of the company’s stock worth $225,000 after buying an additional 2,842 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in Endeavor Group during the 4th quarter worth approximately $233,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Endeavor Group from a “sell” rating to a “hold” rating in a 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 stock. According to MarketBeat, the company currently 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.