Insider Buying: Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Acquires 81,019 Shares of Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell acquired 81,019 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average cost of $159.72 per share, for a total transaction of $12,940,354.68. Following the completion of the purchase, the insider now directly owns 1,938,135 shares in the company, valued at $309,558,922.20. This represents a 4.36 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Friday, February 7th, Patrick Whitesell purchased 177,861 shares of Endeavor Group stock. The shares were bought at an average price of $165.99 per share, for a total transaction of $29,523,147.39.
• On Friday, January 31st, Patrick Whitesell acquired 80,758 shares of Endeavor Group stock. The stock was purchased at an average price of $156.79 per share, with a total value of $12,662,046.82.
• On Monday, February 3rd, Patrick Whitesell bought 94,161 shares of Endeavor Group stock. The stock was purchased at an average price of $157.79 per share, for a total transaction of $14,857,664.19.
• On Wednesday, January 29th, Patrick Whitesell purchased 99,996 shares of Endeavor Group stock. The shares were purchased at an average price of $156.60 per share, with a total value of $15,659,373.60.
• On Monday, January 27th, Patrick Whitesell acquired 89,234 shares of Endeavor Group stock. The stock was acquired at an average price of $153.18 per share, for a total transaction of $13,668,864.12.
• On Thursday, January 23rd, Patrick Whitesell bought 120,958 shares of Endeavor Group stock. The shares were acquired at an average price of $150.92 per share, with a total value of $18,254,981.36.
• On Friday, January 17th, Patrick Whitesell purchased 125,589 shares of Endeavor Group stock. The stock was acquired at an average cost of $143.06 per share, for a total transaction of $17,966,762.34.
• On Tuesday, January 21st, Patrick Whitesell acquired 108,476 shares of Endeavor Group stock. The stock was acquired at an average cost of $144.13 per share, with a total value of $15,634,645.88.
• On Monday, December 16th, Patrick Whitesell bought 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 purchased 60,208 shares of Endeavor Group stock. The stock was bought at an average cost of $143.73 per share, with a total value of $8,653,695.84.

Endeavor Group Price Performance

NYSE:EDR opened at $32.61 on Friday. The company has a market capitalization of $22.31 billion, a price-to-earnings ratio of -15.91 and a beta of 0.74. The company has a 50-day moving average of $30.86 and a 200-day moving average of $29.23. Endeavor Group Holdings, Inc. has a 52 week low of $23.14 and a 52 week high of $32.90. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63.

Endeavor Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Monday, December 16th. Endeavor Group’s payout ratio is -11.71%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Endeavor Group from a “sell” rating to a “hold” rating in a research report on Monday, January 13th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Endeavor Group has an average rating of “Hold” and a consensus price target of $27.86.

Hedge Funds Weigh In On Endeavor Group

A number of hedge funds have recently modified their holdings of the stock. LMR Partners LLP grew its position in Endeavor Group by 41.6% in the third quarter. LMR Partners LLP now owns 4,393,759 shares of the company’s stock valued at $125,486,000 after acquiring an additional 1,290,867 shares during the period. Geode Capital Management LLC boosted its stake in shares of Endeavor Group by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,077,887 shares of the company’s stock valued at $59,367,000 after purchasing an additional 79,212 shares in the last quarter. Moran Wealth Management LLC bought a new stake in shares of Endeavor Group in the 3rd quarter worth about $2,870,000. Athos Capital Ltd increased its position in shares of Endeavor Group by 135.9% during the 3rd quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock worth $220,460,000 after purchasing an additional 4,447,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Endeavor Group by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,778,869 shares of the company’s stock valued at $50,804,000 after purchasing an additional 76,618 shares during the last quarter. 74.99% of the stock is owned by institutional investors and hedge funds.

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.