Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Buys $13,668,864.12 in Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell purchased 89,234 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was acquired at an average cost of $153.18 per share, with a total value of $13,668,864.12. Following the purchase, the insider now directly owns 1,347,034 shares of the company’s stock, valued at $206,338,668.12. This trade represents a 7.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major 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 Thursday, January 23rd, Patrick Whitesell acquired 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 bought 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 acquired 108,476 shares of Endeavor Group stock. The stock was 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 bought 263,200 shares of Endeavor Group stock. The shares were purchased at an average price 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 stock was purchased at an average price of $143.73 per share, with a total value of $8,653,695.84.

Endeavor Group Price Performance

Shares of NYSE:EDR opened at $30.42 on Thursday. 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 firm has a market cap of $20.81 billion, a price-to-earnings ratio of -14.84 and a beta of 0.74. The business has a 50-day simple moving average of $30.72 and a two-hundred day simple moving average of $29.05. Endeavor Group Holdings, Inc. has a fifty-two week low of $23.14 and a fifty-two week high of $32.28.

Endeavor Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a $0.06 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.24 annualized dividend and a yield of 0.79%. Endeavor Group’s payout ratio is -11.71%.

Hedge Funds Weigh In On Endeavor Group

Several institutional investors have recently made changes to their positions in EDR. Blue Trust Inc. boosted its stake in shares of Endeavor Group by 176.1% during the 4th quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock worth $66,000 after acquiring an additional 1,469 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Endeavor Group in the 4th quarter worth $96,000. FMR LLC lifted its position in Endeavor Group by 67.6% during the third quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after purchasing an additional 2,248 shares in the last quarter. KBC Group NV grew its holdings in Endeavor Group by 65.3% during the fourth quarter. KBC Group NV now owns 7,191 shares of the company’s stock valued at $225,000 after purchasing an additional 2,842 shares during the period. Finally, Everence Capital Management Inc. purchased a new stake in Endeavor Group in the fourth quarter worth about $233,000. Institutional investors own 74.99% of the company’s stock.

Analyst Ratings Changes

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

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.