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

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 shares were bought at an average cost of $144.13 per share, for a total transaction of $15,634,645.88. Following the completion of the transaction, the insider now directly owns 915,852 shares in the company, valued at $132,001,748.76. This represents a 13.44 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own more than 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, January 17th, Patrick Whitesell acquired 125,589 shares of Endeavor Group stock. The shares were acquired at an average price of $143.06 per share, for a total transaction of $17,966,762.34.
• On Monday, December 16th, Patrick Whitesell acquired 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 acquired 60,208 shares of Endeavor Group stock. The shares were acquired at an average price of $143.73 per share, for a total transaction of $8,653,695.84.

Endeavor Group Price Performance

Shares of NYSE EDR opened at $30.83 on Friday. Endeavor Group Holdings, Inc. has a twelve month low of $23.14 and a twelve month high of $31.49. The company has a market capitalization of $21.10 billion, a price-to-earnings ratio of -15.04 and a beta of 0.74. 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 business has a 50 day simple moving average of $30.55 and a 200-day simple moving average of $28.94.

Endeavor Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors 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%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new position in Endeavor Group during the 4th quarter valued at approximately $943,000. KBC Group NV boosted its position in Endeavor Group by 65.3% during the 4th quarter. KBC Group NV now owns 7,191 shares of the company’s stock worth $225,000 after acquiring an additional 2,842 shares during the period. Blue Trust Inc. boosted its position in Endeavor Group by 176.1% during the 4th quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock worth $66,000 after acquiring an additional 1,469 shares during the period. Mirador Capital Partners LP boosted its position in Endeavor Group by 3.0% during the 4th quarter. Mirador Capital Partners LP now owns 27,057 shares of the company’s stock worth $847,000 after acquiring an additional 792 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in Endeavor Group during the 4th quarter worth $96,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Endeavor Group from a “sell” rating to a “hold” rating in a report on Monday, January 13th. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company 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.