Patrick Whitesell Acquires 125,589 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell bought 125,589 shares of the company’s stock in a transaction on Friday, January 17th. The shares were acquired at an average cost of $143.06 per share, for a total transaction of $17,966,762.34. Following the completion of the acquisition, the insider now directly owns 807,376 shares of the company’s stock, valued at $115,503,210.56. This trade represents a 18.42 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more 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 Tuesday, January 21st, Patrick Whitesell acquired 108,476 shares of Endeavor Group stock. The shares were acquired at an average cost of $144.13 per share, with a total value of $15,634,645.88.
• On Monday, December 16th, Patrick Whitesell bought 263,200 shares of Endeavor Group stock. The stock was acquired at an average cost of $146.97 per share, for a total transaction 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, with a total value of $8,653,695.84.

Endeavor Group Stock Up 2.1 %

Shares of Endeavor Group stock opened at $31.56 on Friday. Endeavor Group Holdings, Inc. has a 1-year low of $23.14 and a 1-year high of $31.76. The company has a market capitalization of $21.59 billion, a P/E ratio of -15.40 and a beta of 0.74. The business’s fifty day moving average price is $30.61 and its two-hundred day moving average price is $28.98. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63.

Endeavor Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.76%. The ex-dividend date was Monday, December 16th. Endeavor Group’s 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 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. According to data from MarketBeat, Endeavor Group presently has an average rating of “Hold” and an average target price of $27.86.

Hedge Funds Weigh In On Endeavor Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Endeavor Group by 15.9% in the second quarter. Dimensional Fund Advisors LP now owns 964,389 shares of the company’s stock valued at $26,066,000 after acquiring an additional 132,312 shares in the last quarter. Sei Investments Co. boosted its stake in Endeavor Group by 90.5% during the 2nd quarter. Sei Investments Co. now owns 47,653 shares of the company’s stock valued at $1,288,000 after purchasing an additional 22,637 shares in the last quarter. ProShare Advisors LLC bought a new position in Endeavor Group during the 2nd quarter valued at $255,000. Squarepoint Ops LLC acquired a new position in shares of Endeavor Group during the 2nd quarter valued at $11,233,000. Finally, Empyrean Capital Partners LP bought a new stake in shares of Endeavor Group in the 2nd quarter worth $18,094,000. 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.