Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Patrick Whitesell Purchases 116,256 Shares of 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 shares were purchased at an average cost of $172.03 per share, for a total transaction of $19,999,519.68. Following the completion of the acquisition, the insider now owns 2,305,222 shares in the company, valued at $396,567,340.66. This represents a 5.31 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock 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 purchased 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 acquired 177,861 shares of Endeavor Group stock. The shares were 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 shares were 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 acquired at an average cost of $156.79 per share, with a total value 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 cost of $157.79 per share, for a total transaction of $14,857,664.19.
• On Wednesday, January 29th, Patrick Whitesell bought 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 purchased 89,234 shares of Endeavor Group stock. The stock was bought at an average cost 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 purchased at an average cost of $150.92 per share, for a total transaction of $18,254,981.36.
• On Friday, January 17th, Patrick Whitesell bought 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 Tuesday, January 21st, Patrick Whitesell purchased 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 %

Endeavor Group stock opened at $34.78 on Thursday. The firm has a 50 day moving average of $31.09 and a 200 day moving average of $29.39. 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 firm has a market capitalization of $23.80 billion, a price-to-earnings ratio of -16.97 and a beta of 0.74. Endeavor Group Holdings, Inc. has a 12-month low of $23.14 and a 12-month high of $34.89.

Endeavor Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders 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 0.69%. Endeavor Group’s payout ratio is presently -11.71%.

Institutional Trading of Endeavor Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in EDR. Vest Financial LLC grew its stake in Endeavor Group by 30.6% during the third quarter. Vest Financial LLC now owns 53,811 shares of the company’s stock valued at $1,537,000 after acquiring an additional 12,623 shares in the last quarter. Palliser Capital UK Ltd increased its stake in Endeavor Group by 230.0% during the third quarter. Palliser Capital UK Ltd now owns 1,237,263 shares of the company’s stock worth $35,336,000 after acquiring an additional 862,380 shares during the last quarter. Entropy Technologies LP purchased a new stake in Endeavor Group during the 3rd quarter valued at $453,000. GSA Capital Partners LLP purchased a new stake in shares of Endeavor Group in the third quarter valued at $364,000. Finally, Quest Partners LLC purchased a new stake in Endeavor Group in the 3rd quarter worth about $2,001,000. Institutional investors own 74.99% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Endeavor Group from a “hold” rating to a “sell” rating in a report on Monday. One investment 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, the stock currently has a consensus rating of “Hold” and an average target price 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.