Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Patrick Whitesell Purchases 125,589 Shares

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell acquired 125,589 shares of Endeavor Group stock in a transaction dated Friday, January 17th. The shares were acquired at an average price of $143.06 per share, with a total value of $17,966,762.34. Following the transaction, the insider now owns 807,376 shares in the company, valued at approximately $115,503,210.56. This represents a 18.42 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more 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 Tuesday, January 21st, Patrick Whitesell bought 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 bought 263,200 shares of Endeavor Group stock. The stock was acquired at an average price 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 shares were 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 EDR stock opened at $30.83 on Friday. 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 12-month low of $23.14 and a 12-month high of $31.49. The firm has a fifty day moving average of $30.55 and a 200-day moving average of $28.94. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Monday, December 16th. Endeavor Group’s payout ratio is currently -11.71%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. LMR Partners LLP lifted its position in Endeavor Group by 41.6% in the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock valued at $125,486,000 after acquiring an additional 1,290,867 shares in the last quarter. Moran Wealth Management LLC bought a new stake in shares of Endeavor Group in the third quarter valued at about $2,870,000. Geode Capital Management LLC boosted its position in shares of Endeavor Group by 4.0% during the third quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock worth $59,367,000 after buying an additional 79,212 shares during the period. Davide Leone & Partners Investment Co Ltd. grew its holdings in shares of Endeavor Group by 81.0% during the second quarter. Davide Leone & Partners Investment Co Ltd. now owns 848,945 shares of the company’s stock worth $22,947,000 after buying an additional 380,000 shares in the last quarter. Finally, Athos Capital Ltd raised its position in Endeavor Group by 135.9% in the 3rd 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 last quarter. Institutional investors and hedge funds 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.