Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Buys $15,634,645.88 in Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell purchased 108,476 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was bought at an average price of $144.13 per share, with a total value of $15,634,645.88. Following the completion of the acquisition, the insider now owns 915,852 shares in the company, valued at $132,001,748.76. This represents a 13.44 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 Friday, January 17th, Patrick Whitesell bought 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 Monday, December 16th, Patrick Whitesell purchased 263,200 shares of Endeavor Group stock. The shares were bought 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 purchased at an average cost of $143.73 per share, with a total value of $8,653,695.84.

Endeavor Group Trading Up 2.1 %

NYSE EDR opened at $31.56 on Friday. The company’s fifty day moving average price is $30.61 and its two-hundred day moving average price is $28.97. The company has a market capitalization of $21.59 billion, a price-to-earnings ratio of -15.40 and a beta of 0.74. Endeavor Group Holdings, Inc. has a 12 month low of $23.14 and a 12 month high of $31.76. 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 company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.76%. Endeavor Group’s dividend payout ratio (DPR) is -11.71%.

Institutional Trading of Endeavor Group

Several institutional investors and hedge funds have recently bought and sold shares of EDR. Blue Trust Inc. grew its position in shares of Endeavor Group by 176.1% in 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 in the last quarter. FNY Investment Advisers LLC acquired a new position in Endeavor Group in the fourth quarter worth $96,000. FMR LLC increased its stake in Endeavor Group by 67.6% during the third quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after purchasing an additional 2,248 shares during the last quarter. KBC Group NV raised its holdings in shares of Endeavor Group by 65.3% during the fourth quarter. KBC Group NV now owns 7,191 shares of the company’s stock worth $225,000 after purchasing an additional 2,842 shares during the period. Finally, Everence Capital Management Inc. bought a new position in shares of Endeavor Group in the 4th quarter worth about $233,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of 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 issued a buy rating to the company. According to data from MarketBeat, Endeavor Group 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.