Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Buys $18,254,981.36 in Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell bought 120,958 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was purchased at an average price of $150.92 per share, with a total value of $18,254,981.36. Following the completion of the purchase, the insider now directly owns 1,152,762 shares in the company, valued at $173,974,841.04. The trade was a 11.72 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, January 27th, Patrick Whitesell bought 89,234 shares of Endeavor Group stock. The shares were bought at an average cost of $153.18 per share, with a total value of $13,668,864.12.
• On Friday, January 17th, Patrick Whitesell purchased 125,589 shares of Endeavor Group stock. The shares were 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 acquired 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 purchased at an average cost of $146.97 per share, with a total value of $38,682,504.00.
• On Thursday, December 12th, Patrick Whitesell bought 60,208 shares of Endeavor Group stock. The shares were bought at an average cost of $143.73 per share, for a total transaction of $8,653,695.84.

Endeavor Group Trading Down 2.9 %

NYSE:EDR opened at $30.42 on Thursday. Endeavor Group Holdings, Inc. has a 52 week low of $23.14 and a 52 week high of $32.28. The firm has a market capitalization of $20.81 billion, a P/E ratio of -14.84 and a beta of 0.74. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. The company has a fifty day moving average of $30.72 and a 200 day moving average of $29.05.

Endeavor Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Monday, December 16th. Endeavor Group’s dividend payout ratio is -11.71%.

Institutional Investors Weigh In On Endeavor Group

Several institutional investors and hedge funds have recently made changes to their positions in EDR. Athos Capital Ltd raised its stake in Endeavor Group by 135.9% during 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. LMR Partners LLP raised its position in shares of Endeavor Group by 41.6% during the 3rd quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock valued at $125,486,000 after purchasing an additional 1,290,867 shares during the period. Geode Capital Management LLC boosted its stake in shares of Endeavor Group by 4.0% in the third quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock worth $59,367,000 after acquiring an additional 79,212 shares during the period. Polar Asset Management Partners Inc. grew its holdings in Endeavor Group by 300.0% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company’s stock valued at $57,120,000 after buying an additional 1,500,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Endeavor Group by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,778,869 shares of the company’s stock valued at $50,804,000 after acquiring an additional 76,618 shares during the last quarter. Institutional investors own 74.99% of the company’s stock.

Analysts Set New Price Targets

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 issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.