Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Purchases $29,523,147.39 in Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell purchased 177,861 shares of the stock in a transaction dated Friday, February 7th. The stock was purchased at an average cost of $165.99 per share, for a total transaction of $29,523,147.39. Following the completion of the purchase, the insider now directly owns 2,188,966 shares of the company’s stock, valued at approximately $363,346,466.34. The trade was a 8.84 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Major 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 acquired 81,019 shares of Endeavor Group stock. The stock was purchased at an average price of $159.72 per share, for a total transaction of $12,940,354.68.
• On Friday, January 31st, Patrick Whitesell bought 80,758 shares of Endeavor Group stock. The shares were acquired at an average cost of $156.79 per share, with a total value of $12,662,046.82.
• On Monday, February 3rd, Patrick Whitesell purchased 94,161 shares of Endeavor Group stock. The shares were acquired at an average price of $157.79 per share, for a total transaction of $14,857,664.19.
• On Wednesday, January 29th, Patrick Whitesell acquired 99,996 shares of Endeavor Group stock. The stock was acquired at an average price of $156.60 per share, with a total value of $15,659,373.60.
• On Monday, January 27th, Patrick Whitesell bought 89,234 shares of Endeavor Group stock. The stock was acquired at an average cost of $153.18 per share, for a total transaction of $13,668,864.12.
• On Thursday, January 23rd, Patrick Whitesell purchased 120,958 shares of Endeavor Group stock. The stock was bought at an average price of $150.92 per share, with a total value of $18,254,981.36.
• On Friday, January 17th, Patrick Whitesell acquired 125,589 shares of Endeavor Group stock. The shares were bought at an average cost of $143.06 per share, for a total transaction of $17,966,762.34.
• On Tuesday, January 21st, Patrick Whitesell bought 108,476 shares of Endeavor Group stock. The stock was bought at an average cost of $144.13 per share, with a total value of $15,634,645.88.
• On Monday, December 16th, Patrick Whitesell purchased 263,200 shares of Endeavor Group stock. The shares were purchased at an average cost of $146.97 per share, for a total transaction of $38,682,504.00.
• On Thursday, December 12th, Patrick Whitesell acquired 60,208 shares of Endeavor Group stock. The shares were purchased at an average price of $143.73 per share, with a total value of $8,653,695.84.

Endeavor Group Trading Up 4.0 %

Shares of EDR stock opened at $32.61 on Monday. Endeavor Group Holdings, Inc. has a 1-year low of $23.14 and a 1-year high of $32.90. The firm has a market cap of $22.31 billion, a PE ratio of -15.91 and a beta of 0.74. The company has a 50-day moving average of $30.86 and a two-hundred day moving average of $29.26. 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 Dividend Announcement

The business also recently disclosed 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 of this dividend was Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.74%. Endeavor Group’s payout ratio is currently -11.71%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded 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 given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $27.86.

Institutional Trading of Endeavor Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EDR. Athos Capital Ltd boosted its position 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 worth $220,460,000 after buying an additional 4,447,000 shares during the period. LMR Partners LLP lifted its stake in Endeavor Group by 41.6% during the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock worth $125,486,000 after acquiring an additional 1,290,867 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Endeavor Group by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock valued at $59,367,000 after acquiring an additional 79,212 shares during the period. Polar Asset Management Partners Inc. grew its position in Endeavor Group by 300.0% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company’s stock valued at $57,120,000 after acquiring an additional 1,500,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Endeavor Group by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,836,023 shares of the company’s stock worth $57,449,000 after purchasing an additional 57,154 shares during the period. Hedge funds and other institutional investors own 74.99% of the company’s stock.

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.