Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Patrick Whitesell Acquires 108,476 Shares

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell purchased 108,476 shares of Endeavor Group stock in a transaction that occurred on Tuesday, January 21st. The stock was purchased at an average cost of $144.13 per share, for a total transaction of $15,634,645.88. Following the completion of the purchase, the insider now owns 915,852 shares of the company’s stock, valued at $132,001,748.76. This trade represents a 13.44 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 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 Monday, December 16th, Patrick Whitesell bought 263,200 shares of Endeavor Group stock. The shares were 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 acquired at an average cost of $143.73 per share, with a total value of $8,653,695.84.

Endeavor Group Stock Down 1.4 %

Shares of NYSE EDR traded down $0.42 during midday trading on Wednesday, hitting $29.78. The stock had a trading volume of 9,499,019 shares, compared to its average volume of 2,471,248. The company has a market cap of $20.37 billion, a P/E ratio of -14.53 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 business’s 50 day moving average is $30.51 and its 200-day moving average is $28.93. Endeavor Group Holdings, Inc. has a 52 week low of $23.14 and a 52 week high of $31.49.

Endeavor Group Announces Dividend

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. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.24 annualized dividend and a yield of 0.81%. Endeavor Group’s dividend payout ratio is -11.71%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Blue Trust Inc. boosted its position in shares of 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 buying an additional 1,469 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Endeavor Group during the 4th quarter valued at about $96,000. FMR LLC grew its stake in shares of Endeavor Group by 67.6% in the third quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after acquiring an additional 2,248 shares during the period. KBC Group NV raised its holdings in shares of Endeavor Group by 65.3% during the fourth quarter. KBC Group NV now owns 7,191 shares of the company’s stock valued at $225,000 after purchasing an additional 2,842 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new position in Endeavor Group during the fourth quarter valued at approximately $233,000. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Endeavor Group from a “sell” rating to a “hold” rating in a research note on Monday, January 13th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Endeavor Group has a consensus rating of “Hold” and an average 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.