Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Purchases $12,662,046.82 in Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell purchased 80,758 shares of the stock in a transaction on Friday, January 31st. The stock was bought at an average cost of $156.79 per share, for a total transaction of $12,662,046.82. Following the completion of the acquisition, the insider now owns 1,686,368 shares in the company, valued at approximately $264,405,638.72. This trade represents a 5.03 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major 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, February 7th, Patrick Whitesell bought 177,861 shares of Endeavor Group stock. The shares were purchased at an average price of $165.99 per share, for a total transaction of $29,523,147.39.
• On Wednesday, February 5th, Patrick Whitesell acquired 81,019 shares of Endeavor Group stock. The stock was purchased at an average cost of $159.72 per share, for a total transaction of $12,940,354.68.
• On Monday, February 3rd, Patrick Whitesell bought 94,161 shares of Endeavor Group stock. The stock was acquired at an average cost of $157.79 per share, with a total value of $14,857,664.19.
• On Wednesday, January 29th, Patrick Whitesell purchased 99,996 shares of Endeavor Group stock. The shares were acquired at an average cost of $156.60 per share, for a total transaction of $15,659,373.60.
• On Monday, January 27th, Patrick Whitesell bought 89,234 shares of Endeavor Group stock. The shares were acquired at an average price 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 acquired at an average price 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 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 bought 108,476 shares of Endeavor Group stock. The shares were bought at an average price of $144.13 per share, with a total value of $15,634,645.88.
• On Monday, December 16th, Patrick Whitesell purchased 263,200 shares of Endeavor Group stock. The stock was bought at an average price of $146.97 per share, for a total transaction of $38,682,504.00.
• On Thursday, December 12th, Patrick Whitesell acquired 60,208 shares of Endeavor Group stock. The shares were purchased at an average price of $143.73 per share, for a total transaction of $8,653,695.84.

Endeavor Group Stock Up 4.0 %

Shares of NYSE:EDR opened at $32.61 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. Endeavor Group Holdings, Inc. has a 52-week low of $23.14 and a 52-week high of $32.90. The company has a market capitalization of $22.31 billion, a PE ratio of -15.91 and a beta of 0.74. The company has a fifty day moving average of $30.86 and a 200-day moving average of $29.23.

Endeavor Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders 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 0.74%. The ex-dividend date was Monday, December 16th. Endeavor Group’s payout ratio is -11.71%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Endeavor Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Moran Wealth Management LLC boosted its position in Endeavor Group by 5.3% during the 4th quarter. Moran Wealth Management LLC now owns 105,871 shares of the company’s stock worth $3,313,000 after buying an additional 5,376 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Endeavor Group by 37.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,240 shares of the company’s stock valued at $1,760,000 after acquiring an additional 15,451 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Endeavor Group by 11.1% during the fourth quarter. Arizona State Retirement System now owns 58,075 shares of the company’s stock worth $1,817,000 after purchasing an additional 5,819 shares during the period. Victory Capital Management Inc. grew its stake in shares of Endeavor Group by 6.9% in the fourth quarter. Victory Capital Management Inc. now owns 26,174 shares of the company’s stock worth $819,000 after purchasing an additional 1,680 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Endeavor Group by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,836,023 shares of the company’s stock valued at $57,449,000 after purchasing an additional 57,154 shares during the period. 74.99% of the stock is currently owned by institutional investors.

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.