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

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell acquired 116,256 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average price of $172.03 per share, with a total value of $19,999,519.68. Following the completion of the acquisition, the insider now directly owns 2,305,222 shares of the company’s stock, valued at $396,567,340.66. This represents a 5.31 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, February 12th, Patrick Whitesell acquired 117,769 shares of Endeavor Group stock. The stock was acquired at an average cost of $175.40 per share, with a total value of $20,656,682.60.
• On Friday, February 7th, Patrick Whitesell bought 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 Wednesday, February 5th, Patrick Whitesell acquired 81,019 shares of Endeavor Group stock. The shares were acquired at an average price of $159.72 per share, with a total value of $12,940,354.68.
• On Friday, January 31st, Patrick Whitesell bought 80,758 shares of Endeavor Group stock. The shares were 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 purchased 94,161 shares of Endeavor Group stock. The stock was 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 cost 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 cost 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 cost 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.

Endeavor Group Trading Up 0.6 %

Shares of Endeavor Group stock opened at $34.78 on Thursday. The stock has a market cap of $23.80 billion, a PE ratio of -16.97 and a beta of 0.74. The firm has a fifty day moving average price of $31.09 and a 200 day moving average price of $29.39. Endeavor Group Holdings, Inc. has a 1 year low of $23.14 and a 1 year high of $34.89. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63.

Endeavor Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.69%. Endeavor Group’s payout ratio is currently -11.71%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Endeavor Group from a “hold” rating to a “sell” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Endeavor Group has an average rating of “Hold” and an average price target of $27.86.

Institutional Trading of Endeavor Group

Hedge funds have recently modified their holdings of the stock. Blue Trust Inc. raised its position in Endeavor Group by 176.1% during the fourth quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock valued at $66,000 after acquiring an additional 1,469 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Endeavor Group during the 4th quarter worth approximately $96,000. FMR LLC increased its holdings 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 purchasing an additional 2,248 shares in the last quarter. KBC Group NV lifted its stake 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 purchasing an additional 2,842 shares during the period. Finally, Everence Capital Management Inc. purchased a new stake in Endeavor Group during the fourth quarter worth $233,000. Hedge funds and other institutional investors 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.