Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Patrick Whitesell Acquires 94,161 Shares of Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell purchased 94,161 shares of the stock in a transaction on Monday, February 3rd. The shares were purchased at an average cost of $157.79 per share, for a total transaction of $14,857,664.19. Following the acquisition, the insider now directly owns 1,780,529 shares of the company’s stock, valued at approximately $280,949,670.91. This represents a 5.58 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% 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 Wednesday, January 29th, Patrick Whitesell bought 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 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 purchased 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 acquired 125,589 shares of Endeavor Group stock. The shares were acquired at an average price of $143.06 per share, with a total value 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 cost of $144.13 per share, for a total transaction of $15,634,645.88.
• On Monday, December 16th, Patrick Whitesell acquired 263,200 shares of Endeavor Group stock. The shares were acquired at an average cost 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 shares were purchased at an average cost of $143.73 per share, with a total value of $8,653,695.84.

Endeavor Group Price Performance

Shares of Endeavor Group stock opened at $30.92 on Wednesday. The firm has a market cap of $21.15 billion, a PE ratio of -15.08 and a beta of 0.74. The business has a 50-day moving average price of $30.79 and a 200 day moving average price of $29.17. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. Endeavor Group Holdings, Inc. has a twelve month low of $23.14 and a twelve month high of $32.67.

Endeavor Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a dividend of $0.06 per share. 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 dividend payout ratio (DPR) is -11.71%.

Institutional Investors Weigh In On Endeavor Group

Institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its holdings in Endeavor Group by 176.1% during the fourth 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 in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Endeavor Group during the 4th quarter worth about $96,000. FMR LLC lifted its stake in Endeavor Group by 67.6% in the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after buying an additional 2,248 shares in the last quarter. KBC Group NV boosted its holdings in Endeavor Group by 65.3% in the 4th quarter. KBC Group NV now owns 7,191 shares of the company’s stock worth $225,000 after buying an additional 2,842 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in Endeavor Group during the 4th quarter worth approximately $233,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Endeavor Group from a “sell” rating to a “hold” rating in a research note 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. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.86.

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.