Insider Buying: Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Purchases 81,019 Shares of Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell acquired 81,019 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average price of $159.72 per share, for a total transaction of $12,940,354.68. Following the acquisition, the insider now directly owns 1,938,135 shares of the company’s stock, valued at $309,558,922.20. The trade was a 4.36 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, February 7th, Patrick Whitesell acquired 177,861 shares of Endeavor Group stock. The stock was purchased at an average price of $165.99 per share, with a total value of $29,523,147.39.
• On Friday, January 31st, Patrick Whitesell acquired 80,758 shares of Endeavor Group stock. The stock was acquired at an average cost of $156.79 per share, with a total value of $12,662,046.82.
• On Monday, February 3rd, Patrick Whitesell acquired 94,161 shares of Endeavor Group stock. The shares were purchased at an average price of $157.79 per share, for a total transaction of $14,857,664.19.
• On Wednesday, January 29th, Patrick Whitesell bought 99,996 shares of Endeavor Group stock. The shares were bought at an average price of $156.60 per share, with a total value of $15,659,373.60.
• On Monday, January 27th, Patrick Whitesell bought 89,234 shares of Endeavor Group stock. The stock was acquired at an average cost 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 bought at an average cost 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 acquired at an average price of $143.06 per share, with a total value of $17,966,762.34.
• On Tuesday, January 21st, Patrick Whitesell acquired 108,476 shares of Endeavor Group stock. The stock was 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 acquired 263,200 shares of Endeavor Group stock. The shares were acquired at an average cost 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 stock was acquired at an average cost of $143.73 per share, for a total transaction of $8,653,695.84.

Endeavor Group Stock Up 4.0 %

NYSE:EDR traded up $1.25 on Friday, reaching $32.61. 638,688 shares of the stock traded hands, compared to its average volume of 2,240,308. 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 capitalization of $22.31 billion, a price-to-earnings ratio of -15.91 and a beta of 0.74. Endeavor Group Holdings, Inc. has a 12 month low of $23.14 and a 12 month high of $32.90. The company’s fifty day simple moving average is $30.86 and its 200 day simple moving average is $29.23.

Endeavor Group Announces Dividend

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

Institutional Investors Weigh In On Endeavor Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EDR. Athos Capital Ltd boosted its position 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 acquiring an additional 4,447,000 shares in the last quarter. Polar Asset Management Partners Inc. boosted its position in Endeavor Group by 300.0% during the third quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company’s stock valued at $57,120,000 after purchasing an additional 1,500,000 shares in the last quarter. LMR Partners LLP raised its holdings in Endeavor Group by 41.6% in the third quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock worth $125,486,000 after purchasing an additional 1,290,867 shares in the last quarter. Whitefort Capital Management LP purchased a new stake in shares of Endeavor Group during the third quarter valued at about $28,560,000. Finally, Palliser Capital UK Ltd boosted its holdings in shares of Endeavor Group by 230.0% in the 3rd quarter. Palliser Capital UK Ltd now owns 1,237,263 shares of the company’s stock valued at $35,336,000 after buying an additional 862,380 shares in the last quarter. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of 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 given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.