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

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell acquired 80,758 shares of Endeavor Group stock in a transaction on Friday, January 31st. The shares were bought at an average cost of $156.79 per share, for a total transaction of $12,662,046.82. Following the completion of the transaction, the insider now owns 1,686,368 shares in the company, valued at approximately $264,405,638.72. This trade represents a 5.03 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Patrick Whitesell also recently made the following trade(s):

• On Monday, February 3rd, Patrick Whitesell bought 94,161 shares of Endeavor Group stock. The shares were acquired at an average cost of $157.79 per share, with a total value of $14,857,664.19.
• On Wednesday, January 29th, Patrick Whitesell acquired 99,996 shares of Endeavor Group stock. The shares were bought at an average cost of $156.60 per share, with a total value of $15,659,373.60.
• On Monday, January 27th, Patrick Whitesell purchased 89,234 shares of Endeavor Group stock. The shares were bought at an average price of $153.18 per share, with a total value of $13,668,864.12.
• On Thursday, January 23rd, Patrick Whitesell acquired 120,958 shares of Endeavor Group stock. The shares were purchased at an average cost of $150.92 per share, for a total transaction of $18,254,981.36.
• On Friday, January 17th, Patrick Whitesell bought 125,589 shares of Endeavor Group stock. The stock was purchased at an average price 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 purchased 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 stock was acquired 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 acquired at an average cost of $143.73 per share, for a total transaction of $8,653,695.84.

Endeavor Group Stock Down 0.5 %

EDR opened at $30.75 on Thursday. The firm’s 50 day simple moving average is $30.79 and its two-hundred day simple moving average is $29.18. Endeavor Group Holdings, Inc. has a 1-year low of $23.14 and a 1-year high of $32.67. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $21.03 billion, a PE ratio of -15.00 and a beta of 0.74.

Endeavor Group Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.78%. Endeavor Group’s payout ratio is currently -11.71%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.86.

Institutional Investors Weigh In On Endeavor Group

A number of institutional investors have recently bought and sold shares of the business. Blue Trust Inc. raised its stake in Endeavor Group by 176.1% during the 4th 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 in the fourth quarter worth $96,000. FMR LLC boosted its position in shares of Endeavor Group by 67.6% during the third 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 last quarter. KBC Group NV grew its stake 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 acquiring an additional 2,842 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new stake in Endeavor Group in the 4th quarter valued at $233,000. 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.