Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Acquires $12,940,354.68 in Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell purchased 81,019 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average price of $159.72 per share, with a total value of $12,940,354.68. Following the completion of the acquisition, the insider now directly owns 1,938,135 shares in the company, valued at $309,558,922.20. The trade was a 4.36 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 purchased at an average price of $165.99 per share, for a total transaction of $29,523,147.39.
• On Friday, January 31st, Patrick Whitesell bought 80,758 shares of Endeavor Group stock. The shares were purchased at an average price 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 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 purchased 120,958 shares of Endeavor Group stock. The stock was bought at an average price of $150.92 per share, for a total transaction of $18,254,981.36.
• On Friday, January 17th, Patrick Whitesell acquired 125,589 shares of Endeavor Group stock. The stock was bought at an average price of $143.06 per share, with a total value of $17,966,762.34.
• On Tuesday, January 21st, Patrick Whitesell bought 108,476 shares of Endeavor Group stock. The shares were bought at an average cost of $144.13 per share, for a total transaction of $15,634,645.88.
• On Monday, December 16th, Patrick Whitesell purchased 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 acquired 60,208 shares of Endeavor Group stock. The shares were purchased at an average cost of $143.73 per share, for a total transaction of $8,653,695.84.

Endeavor Group Stock Performance

Shares of Endeavor Group stock opened at $32.61 on Monday. The stock has a market cap of $22.31 billion, a price-to-earnings ratio of -15.91 and a beta of 0.74. 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 Holdings, Inc. has a 1 year low of $23.14 and a 1 year high of $32.90. The firm’s 50-day moving average is $30.86 and its 200 day moving average is $29.26.

Endeavor Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were issued 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 was Monday, December 16th. Endeavor Group’s payout ratio is -11.71%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Endeavor Group from a “sell” rating to a “hold” rating in a research report on Monday, January 13th. Nine research 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 company presently has an average rating of “Hold” and a consensus price target of $27.86.

Institutional Investors Weigh In On Endeavor Group

Several institutional investors and hedge funds have recently made changes to their positions in EDR. The Manufacturers Life Insurance Company boosted its stake in Endeavor Group by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock valued at $1,245,000 after purchasing an additional 1,346 shares during the last quarter. Vest Financial LLC lifted its holdings in shares of Endeavor Group by 30.6% during the third quarter. Vest Financial LLC now owns 53,811 shares of the company’s stock valued at $1,537,000 after purchasing an additional 12,623 shares in the last quarter. Palliser Capital UK Ltd boosted its position in shares of Endeavor Group by 230.0% during the third quarter. Palliser Capital UK Ltd now owns 1,237,263 shares of the company’s stock valued at $35,336,000 after buying an additional 862,380 shares during the last quarter. Entropy Technologies LP bought a new stake in Endeavor Group in the 3rd quarter worth about $453,000. Finally, GSA Capital Partners LLP purchased a new position in Endeavor Group in the 3rd quarter worth about $364,000. 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.