Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Patrick Whitesell Acquires 81,019 Shares

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell acquired 81,019 shares of Endeavor Group stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average price of $159.72 per share, with a total value of $12,940,354.68. Following the transaction, the insider now 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 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 Friday, February 7th, Patrick Whitesell purchased 177,861 shares of Endeavor Group stock. The shares were 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 price of $156.79 per share, for a total transaction of $12,662,046.82.
• On Monday, February 3rd, Patrick Whitesell bought 94,161 shares of Endeavor Group stock. The shares were acquired at an average price of $157.79 per share, with a total value of $14,857,664.19.
• On Wednesday, January 29th, Patrick Whitesell purchased 99,996 shares of Endeavor Group stock. The shares were 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 acquired 89,234 shares of Endeavor Group stock. The stock was bought at an average price of $153.18 per share, with a total value of $13,668,864.12.
• On Thursday, January 23rd, Patrick Whitesell bought 120,958 shares of Endeavor Group stock. The shares were bought at an average price of $150.92 per share, for a total transaction of $18,254,981.36.
• On Friday, January 17th, Patrick Whitesell purchased 125,589 shares of Endeavor Group stock. The stock was bought 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 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 bought 263,200 shares of Endeavor Group stock. The stock was purchased at an average cost of $146.97 per share, with a total value of $38,682,504.00.
• On Thursday, December 12th, Patrick Whitesell purchased 60,208 shares of Endeavor Group stock. The shares were purchased at an average cost of $143.73 per share, for a total transaction of $8,653,695.84.

Endeavor Group Price Performance

EDR stock opened at $32.61 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. The company’s fifty day moving average price is $30.86 and its 200-day moving average price is $29.26. Endeavor Group Holdings, Inc. has a one year low of $23.14 and a one year high of $32.90. The company has a market capitalization of $22.31 billion, a PE ratio of -15.91 and a beta of 0.74.

Endeavor Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Monday, December 16th. Endeavor Group’s dividend payout ratio (DPR) is presently -11.71%.

Wall Street Analysts Forecast Growth

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 investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Endeavor Group has a consensus rating of “Hold” and an average target price of $27.86.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EDR. The Manufacturers Life Insurance Company lifted its position in shares of Endeavor Group by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock worth $1,245,000 after buying an additional 1,346 shares in the last quarter. Vest Financial LLC raised its holdings in shares of Endeavor Group by 30.6% during the 3rd quarter. Vest Financial LLC now owns 53,811 shares of the company’s stock worth $1,537,000 after acquiring an additional 12,623 shares in the last quarter. Palliser Capital UK Ltd boosted its position in shares of Endeavor Group by 230.0% during the 3rd quarter. Palliser Capital UK Ltd now owns 1,237,263 shares of the company’s stock valued at $35,336,000 after acquiring an additional 862,380 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of Endeavor Group in the third quarter valued at $453,000. Finally, GSA Capital Partners LLP bought a new stake in Endeavor Group in the third quarter worth $364,000. Hedge funds and other institutional investors own 74.99% of the company’s stock.

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.