Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Patrick Whitesell Purchases 80,758 Shares

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell bought 80,758 shares of the stock in a transaction that occurred on 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 purchase, the insider now directly owns 1,686,368 shares of the company’s stock, valued at $264,405,638.72. The trade was a 5.03 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 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 Friday, February 7th, Patrick Whitesell acquired 177,861 shares of Endeavor Group stock. The stock was bought at an average price of $165.99 per share, with a total value of $29,523,147.39.
• On Wednesday, February 5th, Patrick Whitesell acquired 81,019 shares of Endeavor Group stock. The shares were bought at an average cost of $159.72 per share, for a total transaction of $12,940,354.68.
• On Monday, February 3rd, Patrick Whitesell bought 94,161 shares of Endeavor Group stock. The stock was purchased at an average cost 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 stock was purchased 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 purchased at an average price of $153.18 per share, with a total value of $13,668,864.12.
• On Thursday, January 23rd, Patrick Whitesell purchased 120,958 shares of Endeavor Group stock. The stock was 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, with a total value of $17,966,762.34.
• On Tuesday, January 21st, Patrick Whitesell purchased 108,476 shares of Endeavor Group stock. The shares were 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 acquired 263,200 shares of Endeavor Group stock. The stock was bought at an average cost of $146.97 per share, with a total value of $38,682,504.00.
• On Thursday, December 12th, Patrick Whitesell bought 60,208 shares of Endeavor Group stock. The shares were bought at an average cost of $143.73 per share, for a total transaction of $8,653,695.84.

Endeavor Group Price Performance

Shares of NYSE:EDR opened at $32.61 on Friday. Endeavor Group Holdings, Inc. has a fifty-two week low of $23.14 and a fifty-two week high of $32.90. The company’s 50-day moving average is $30.86 and its 200 day moving average is $29.23. 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 company has a market capitalization of $22.31 billion, a P/E ratio of -15.91 and a beta of 0.74.

Endeavor Group Announces Dividend

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Endeavor Group

A number of hedge funds have recently modified their holdings of the stock. Blue Trust Inc. grew 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 during the period. FNY Investment Advisers LLC purchased a new position in shares of Endeavor Group during the 4th quarter valued at $96,000. FMR LLC grew its stake in shares of Endeavor Group by 67.6% during the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after acquiring an additional 2,248 shares during the period. KBC Group NV increased 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 acquiring an additional 2,842 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new stake in Endeavor Group in the 4th quarter valued at about $233,000. Institutional investors own 74.99% of the company’s stock.

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.