Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Patrick Whitesell Acquires 80,758 Shares

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell acquired 80,758 shares of Endeavor Group stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average price of $156.79 per share, with a total value of $12,662,046.82. Following the transaction, the insider now owns 1,686,368 shares of the company’s stock, valued at $264,405,638.72. The trade was a 5.03 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% 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 Monday, February 3rd, Patrick Whitesell purchased 94,161 shares of Endeavor Group stock. The shares were purchased at an average price of $157.79 per share, with a total value of $14,857,664.19.
• On Wednesday, January 29th, Patrick Whitesell acquired 99,996 shares of Endeavor Group stock. The stock was acquired at an average price 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 cost 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 acquired at an average price of $150.92 per share, for a total transaction of $18,254,981.36.
• On Friday, January 17th, Patrick Whitesell bought 125,589 shares of Endeavor Group stock. The shares were bought at an average price 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 bought at an average cost 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 stock was purchased at an average price 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 shares were purchased at an average price of $143.73 per share, for a total transaction of $8,653,695.84.

Endeavor Group Stock Down 1.0 %

Shares of EDR stock traded down $0.32 during trading hours on Wednesday, reaching $30.58. 157,138 shares of the company’s stock were exchanged, compared to its average volume of 2,379,256. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The company has a market cap of $20.92 billion, a price-to-earnings ratio of -14.92 and a beta of 0.74. The stock’s 50 day moving average is $30.79 and its 200-day moving average is $29.17. Endeavor Group Holdings, Inc. has a fifty-two week low of $23.14 and a fifty-two week high of $32.67.

Endeavor Group Announces Dividend

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Endeavor Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. raised its holdings 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 worth $66,000 after purchasing an additional 1,469 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Endeavor Group during the 4th quarter worth about $96,000. FMR LLC raised its stake in shares of Endeavor Group by 67.6% during the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after buying an additional 2,248 shares during the last quarter. KBC Group NV lifted its holdings in shares of Endeavor Group by 65.3% in the 4th quarter. KBC Group NV now owns 7,191 shares of the company’s stock valued at $225,000 after buying an additional 2,842 shares during the period. Finally, Everence Capital Management Inc. purchased a new stake in shares of Endeavor Group in the fourth quarter worth about $233,000. 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.