Patrick Whitesell Buys 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 the firm’s stock in a transaction dated Tuesday, January 21st. The shares were bought at an average price of $144.13 per share, for a total transaction of $15,634,645.88. Following the completion of the transaction, the insider now owns 915,852 shares of the company’s stock, valued at approximately $132,001,748.76. This trade represents a 13.44 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more 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 Monday, December 16th, Patrick Whitesell acquired 263,200 shares of Endeavor Group stock. The stock was 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 cost of $143.73 per share, with a total value of $8,653,695.84.

Endeavor Group Trading Down 1.4 %

Shares of EDR traded down $0.42 during mid-day trading on Wednesday, reaching $29.78. The company’s stock had a trading volume of 9,499,019 shares, compared to its average volume of 2,471,248. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. Endeavor Group Holdings, Inc. has a 52 week low of $23.14 and a 52 week high of $31.49. The company’s fifty day moving average price is $30.51 and its two-hundred day moving average price is $28.93. The stock has a market cap of $20.37 billion, a PE ratio of -14.53 and a beta of 0.74.

Endeavor Group Announces Dividend

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. This represents a $0.24 annualized dividend and a yield of 0.81%. The ex-dividend date was Monday, December 16th. Endeavor Group’s dividend payout ratio is presently -11.71%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Endeavor Group from a “sell” rating to a “hold” rating in a research report on Monday, January 13th. Nine research 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 stock currently has an average rating of “Hold” and a consensus price target of $27.86.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EDR. Blue Trust Inc. lifted its stake 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 valued at $66,000 after acquiring an additional 1,469 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Endeavor Group during the 4th quarter valued at $96,000. FMR LLC grew its holdings in Endeavor Group by 67.6% in the 3rd quarter. FMR LLC now owns 5,575 shares of the company’s stock worth $159,000 after acquiring an additional 2,248 shares during the last quarter. KBC Group NV grew its holdings in Endeavor Group by 65.3% in 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 last quarter. Finally, Everence Capital Management Inc. purchased a new position in shares of Endeavor Group in the fourth quarter valued at about $233,000. 74.99% of the stock is owned by institutional investors.

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.