Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Patrick Whitesell Acquires 81,019 Shares

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell acquired 81,019 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were bought at an average price of $159.72 per share, for a total transaction of $12,940,354.68. Following the purchase, the insider now directly owns 1,938,135 shares of the company’s stock, valued at approximately $309,558,922.20. This trade represents a 4.36 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large 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 purchased 177,861 shares of Endeavor Group stock. The shares were purchased at an average cost of $165.99 per share, with a total value of $29,523,147.39.
• On Friday, January 31st, Patrick Whitesell acquired 80,758 shares of Endeavor Group stock. The stock was purchased at an average cost of $156.79 per share, for a total transaction of $12,662,046.82.
• On Monday, February 3rd, Patrick Whitesell bought 94,161 shares of Endeavor Group stock. The shares were purchased at an average cost of $157.79 per share, for a total transaction of $14,857,664.19.
• On Wednesday, January 29th, Patrick Whitesell purchased 99,996 shares of Endeavor Group stock. The stock was acquired at an average cost of $156.60 per share, with a total value of $15,659,373.60.
• On Monday, January 27th, Patrick Whitesell acquired 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 bought 120,958 shares of Endeavor Group stock. The shares were acquired at an average cost of $150.92 per share, with a total value of $18,254,981.36.
• On Friday, January 17th, Patrick Whitesell purchased 125,589 shares of Endeavor Group stock. The stock was 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 shares were 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 bought 263,200 shares of Endeavor Group stock. The shares were bought at an average cost of $146.97 per share, for a total transaction of $38,682,504.00.
• On Thursday, December 12th, Patrick Whitesell purchased 60,208 shares of Endeavor Group stock. The stock was bought at an average price of $143.73 per share, with a total value of $8,653,695.84.

Endeavor Group Price Performance

Shares of EDR opened at $32.61 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $22.31 billion, a price-to-earnings ratio of -15.91 and a beta of 0.74. The business’s 50-day moving average is $30.86 and its 200-day moving average is $29.23. Endeavor Group Holdings, Inc. has a fifty-two week low of $23.14 and a fifty-two week high of $32.90.

Endeavor Group Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 0.74%. Endeavor Group’s payout ratio is -11.71%.

Hedge Funds Weigh In On Endeavor Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. raised its holdings in shares of Endeavor Group by 176.1% during the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock worth $66,000 after acquiring an additional 1,469 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Endeavor Group during the fourth quarter valued at approximately $96,000. FMR LLC lifted its stake in Endeavor Group by 67.6% in the third quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after acquiring an additional 2,248 shares during the last quarter. KBC Group NV grew its position in Endeavor Group by 65.3% in the fourth quarter. KBC Group NV now owns 7,191 shares of the company’s stock worth $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 fourth quarter worth approximately $233,000. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Endeavor Group from a “sell” rating to a “hold” rating in a report on Monday, January 13th. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.