Insider Buying: Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Acquires 108,476 Shares of Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell acquired 108,476 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was purchased at an average price of $144.13 per share, with a total value of $15,634,645.88. Following the acquisition, the insider now owns 915,852 shares of the company’s stock, valued at approximately $132,001,748.76. This trade represents a 13.44 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Friday, January 17th, Patrick Whitesell acquired 125,589 shares of Endeavor Group stock. The stock was purchased at an average price of $143.06 per share, with a total value of $17,966,762.34.
• On Monday, December 16th, Patrick Whitesell acquired 263,200 shares of Endeavor Group stock. The stock was purchased at an average price 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 stock was purchased at an average price of $143.73 per share, with a total value of $8,653,695.84.

Endeavor Group Stock Up 3.8 %

NYSE:EDR opened at $30.83 on Friday. The firm has a market capitalization of $21.10 billion, a price-to-earnings ratio of -15.04 and a beta of 0.74. Endeavor Group Holdings, Inc. has a 1-year low of $23.14 and a 1-year high of $31.49. 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 business’s fifty day moving average price is $30.55 and its 200 day moving average price is $28.94.

Endeavor Group Dividend Announcement

The firm also recently declared 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. This represents a $0.24 annualized dividend and a yield of 0.78%. The ex-dividend date was Monday, December 16th. Endeavor Group’s payout ratio is -11.71%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Athos Capital Ltd raised its position in Endeavor Group by 135.9% during the third quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock valued at $220,460,000 after buying an additional 4,447,000 shares during the period. LMR Partners LLP raised its position in Endeavor Group by 41.6% during the third quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock valued at $125,486,000 after buying an additional 1,290,867 shares during the period. Geode Capital Management LLC raised its position in Endeavor Group by 4.0% during the third quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock valued at $59,367,000 after buying an additional 79,212 shares during the period. Polar Asset Management Partners Inc. increased 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 worth $57,120,000 after purchasing an additional 1,500,000 shares during the last quarter. Finally, Glazer Capital LLC acquired a new position in Endeavor Group in the 2nd quarter worth about $49,017,000. 74.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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