Insider Buying: Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Purchases 108,476 Shares of Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell purchased 108,476 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were purchased at an average price of $144.13 per share, with a total value of $15,634,645.88. Following the completion of the purchase, the insider now owns 915,852 shares in the company, valued at approximately $132,001,748.76. This trade represents a 13.44 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, December 16th, Patrick Whitesell acquired 263,200 shares of Endeavor Group stock. The shares were bought at an average cost 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 stock was acquired at an average cost of $143.73 per share, for a total transaction of $8,653,695.84.

Endeavor Group Stock Performance

EDR opened at $29.78 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a fifty day moving average price of $30.51 and a 200 day moving average price of $28.93. The stock has a market cap of $20.37 billion, a P/E ratio of -14.53 and a beta of 0.74. Endeavor Group Holdings, Inc. has a 1 year low of $23.14 and a 1 year high of $31.49.

Endeavor Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Monday, December 16th. Endeavor Group’s dividend payout ratio (DPR) is -11.71%.

Institutional Investors Weigh In On Endeavor Group

A number of hedge funds have recently modified their holdings of the company. LMR Partners LLP increased its position 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 acquiring an additional 1,290,867 shares during the last quarter. Moran Wealth Management LLC purchased a new stake in shares of Endeavor Group during the 3rd quarter worth approximately $2,870,000. Geode Capital Management LLC lifted its position in shares of 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 last quarter. Davide Leone & Partners Investment Co Ltd. lifted its position in shares of Endeavor Group by 81.0% during 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 during the last quarter. Finally, Athos Capital Ltd raised 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 purchasing an additional 4,447,000 shares during the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Endeavor Group from a “sell” rating to a “hold” rating in a research note on Monday, January 13th. Nine investment 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 an average rating of “Hold” and a consensus target price 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.