Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Acquires $12,662,046.82 in Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell purchased 80,758 shares of Endeavor Group stock in a transaction dated Friday, January 31st. The shares were purchased at an average cost of $156.79 per share, with a total value of $12,662,046.82. Following the acquisition, the insider now owns 1,686,368 shares of the company’s stock, valued at approximately $264,405,638.72. This trade represents a 5.03 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, February 3rd, Patrick Whitesell acquired 94,161 shares of Endeavor Group stock. The stock was purchased at an average price of $157.79 per share, for a total transaction of $14,857,664.19.
• On Wednesday, January 29th, Patrick Whitesell bought 99,996 shares of Endeavor Group stock. The stock was purchased at an average price of $156.60 per share, with a total value of $15,659,373.60.
• On Monday, January 27th, Patrick Whitesell acquired 89,234 shares of Endeavor Group stock. The shares were acquired 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 acquired at an average price 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 acquired at an average price 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 shares were 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 bought 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 stock was bought at an average cost of $143.73 per share, with a total value of $8,653,695.84.

Endeavor Group Trading Up 1.5 %

Shares of NYSE:EDR opened at $31.32 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $21.42 billion, a price-to-earnings ratio of -15.28 and a beta of 0.74. Endeavor Group Holdings, Inc. has a 1-year low of $23.14 and a 1-year high of $32.67. The company has a 50 day moving average price of $30.81 and a 200 day moving average price of $29.19.

Endeavor Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders 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 0.77%. The ex-dividend date was Monday, December 16th. Endeavor Group’s dividend payout ratio is presently -11.71%.

Institutional Investors Weigh In On Endeavor Group

Institutional investors and hedge funds have recently modified their holdings of the stock. LMR Partners LLP boosted its position in shares of Endeavor Group by 41.6% in the 3rd 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. Geode Capital Management LLC boosted its holdings in shares of Endeavor Group by 4.0% in the third 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. Moran Wealth Management LLC purchased a new position in shares of Endeavor Group in the third quarter worth approximately $2,870,000. Athos Capital Ltd raised its holdings in shares of Endeavor Group by 135.9% during the third quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock valued at $220,460,000 after acquiring an additional 4,447,000 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Endeavor Group by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,778,869 shares of the company’s stock valued at $50,804,000 after acquiring an additional 76,618 shares in the last quarter. 74.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $27.86.

Endeavor Group Company Profile

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.