Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Purchases $29,523,147.39 in Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell purchased 177,861 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was acquired at an average price of $165.99 per share, with a total value of $29,523,147.39. Following the completion of the purchase, the insider now owns 2,188,966 shares of the company’s stock, valued at $363,346,466.34. The trade was a 8.84 % increase in their position. 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 stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, February 5th, Patrick Whitesell acquired 81,019 shares of Endeavor Group stock. The shares were bought at an average price of $159.72 per share, for a total transaction of $12,940,354.68.
• On Friday, January 31st, Patrick Whitesell bought 80,758 shares of Endeavor Group stock. The stock was bought at an average price of $156.79 per share, with a total value of $12,662,046.82.
• On Monday, February 3rd, Patrick Whitesell purchased 94,161 shares of Endeavor Group stock. The shares were bought at an average price of $157.79 per share, for a total transaction of $14,857,664.19.
• On Wednesday, January 29th, Patrick Whitesell acquired 99,996 shares of Endeavor Group stock. The shares were bought 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 stock was purchased at an average price of $153.18 per share, with a total value of $13,668,864.12.
• On Thursday, January 23rd, Patrick Whitesell purchased 120,958 shares of Endeavor Group stock. The shares were purchased at an average price of $150.92 per share, for a total transaction of $18,254,981.36.
• On Friday, January 17th, Patrick Whitesell acquired 125,589 shares of Endeavor Group stock. The stock was purchased at an average price of $143.06 per share, with a total value of $17,966,762.34.
• On Tuesday, January 21st, Patrick Whitesell bought 108,476 shares of Endeavor Group stock. The stock was purchased at an average price of $144.13 per share, for a total transaction of $15,634,645.88.
• On Monday, December 16th, Patrick Whitesell purchased 263,200 shares of Endeavor Group stock. The shares were acquired at an average cost of $146.97 per share, with a total value of $38,682,504.00.
• On Thursday, December 12th, Patrick Whitesell acquired 60,208 shares of Endeavor Group stock. The stock was acquired at an average cost of $143.73 per share, for a total transaction of $8,653,695.84.

Endeavor Group Price Performance

NYSE:EDR opened at $32.61 on Monday. 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 50 day moving average price of $30.86 and a 200-day moving average price of $29.26. Endeavor Group Holdings, Inc. has a 1-year low of $23.14 and a 1-year high of $32.90. The firm has a market cap of $22.31 billion, a price-to-earnings ratio of -15.91 and a beta of 0.74.

Endeavor Group Announces Dividend

The company also recently disclosed 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 dividend yield of 0.74%. Endeavor Group’s dividend payout ratio (DPR) is currently -11.71%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of 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 company’s stock. Based on data from MarketBeat, Endeavor Group presently has a consensus rating of “Hold” and an average target price of $27.86.

Institutional Investors Weigh In On Endeavor Group

Hedge funds have recently modified their holdings of the company. Athos Capital Ltd raised its holdings in Endeavor Group by 135.9% in the 3rd quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock worth $220,460,000 after purchasing an additional 4,447,000 shares during the period. Polar Asset Management Partners Inc. raised its stake in shares of 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 worth $57,120,000 after buying an additional 1,500,000 shares during the period. LMR Partners LLP lifted 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 buying an additional 1,290,867 shares in the last quarter. Whitefort Capital Management LP acquired a new stake in Endeavor Group in the 3rd quarter valued at $28,560,000. Finally, Palliser Capital UK Ltd increased its holdings in Endeavor Group by 230.0% in the 3rd quarter. Palliser Capital UK Ltd now owns 1,237,263 shares of the company’s stock worth $35,336,000 after acquiring an additional 862,380 shares in the last quarter. 74.99% of the stock is owned by hedge funds and other 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.