Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Purchases $19,999,519.68 in Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell purchased 116,256 shares of the business’s stock in a transaction on Monday, February 10th. The shares were acquired at an average price of $172.03 per share, for a total transaction of $19,999,519.68. Following the completion of the acquisition, the insider now directly owns 2,305,222 shares in the company, valued at approximately $396,567,340.66. This represents a 5.31 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 Wednesday, February 12th, Patrick Whitesell bought 117,769 shares of Endeavor Group stock. The shares were bought at an average cost of $175.40 per share, for a total transaction of $20,656,682.60.
• On Friday, February 7th, Patrick Whitesell purchased 177,861 shares of Endeavor Group stock. The stock was bought at an average cost of $165.99 per share, with a total value of $29,523,147.39.
• On Wednesday, February 5th, Patrick Whitesell bought 81,019 shares of Endeavor Group stock. The stock was purchased at an average price of $159.72 per share, with a total value of $12,940,354.68.
• On Friday, January 31st, Patrick Whitesell purchased 80,758 shares of Endeavor Group stock. The stock was purchased at an average price of $156.79 per share, for a total transaction 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, with a total value of $14,857,664.19.
• On Wednesday, January 29th, Patrick Whitesell bought 99,996 shares of Endeavor Group stock. The stock was purchased at an average price of $156.60 per share, for a total transaction of $15,659,373.60.
• On Monday, January 27th, Patrick Whitesell acquired 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 acquired 120,958 shares of Endeavor Group stock. The shares were 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 stock was acquired at an average cost 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, with a total value of $15,634,645.88.

Endeavor Group Trading Down 0.9 %

Shares of Endeavor Group stock opened at $35.18 on Friday. The stock has a fifty day moving average price of $31.29 and a 200-day moving average price of $29.49. 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 firm has a market cap of $24.07 billion, a PE ratio of -17.16 and a beta of 0.74. Endeavor Group Holdings, Inc. has a 1 year low of $23.14 and a 1 year high of $35.99.

Endeavor Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.68%. Endeavor Group’s dividend payout ratio is -11.71%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fifth Lane Capital LP raised its holdings in shares of Endeavor Group by 0.3% in the 4th quarter. Fifth Lane Capital LP now owns 110,364 shares of the company’s stock worth $3,453,000 after purchasing an additional 364 shares during the period. Kapitalo Investimentos Ltda bought a new stake in shares of Endeavor Group in the fourth quarter valued at $51,000. Northern Trust Corp lifted its position in shares of Endeavor Group by 7.4% during the 4th quarter. Northern Trust Corp now owns 523,147 shares of the company’s stock valued at $16,369,000 after buying an additional 36,174 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Endeavor Group by 6.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 15,648 shares of the company’s stock worth $490,000 after acquiring an additional 891 shares during the period. Finally, Credit Industriel ET Commercial purchased a new stake in Endeavor Group in the 4th quarter worth about $8,426,000. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. StockNews.com cut Endeavor Group from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Seaport Res Ptn lowered shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.86.

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.