Endeavor Group Holdings, Inc. (NYSE:EDR) Major Shareholder Patrick Whitesell Acquires 117,769 Shares

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell acquired 117,769 shares of the stock in a transaction dated Wednesday, February 12th. The stock was bought at an average price of $175.40 per share, with a total value of $20,656,682.60. Following the purchase, the insider now directly owns 2,579,437 shares in the company, valued at $452,433,249.80. This represents a 4.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 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 Monday, February 10th, Patrick Whitesell purchased 116,256 shares of Endeavor Group stock. The shares were bought at an average price of $172.03 per share, with a total value of $19,999,519.68.
• On Friday, February 7th, Patrick Whitesell acquired 177,861 shares of Endeavor Group stock. The shares were purchased 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 stock was purchased at an average price of $159.72 per share, for a total transaction of $12,940,354.68.
• On Friday, January 31st, Patrick Whitesell purchased 80,758 shares of Endeavor Group stock. The shares were 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 acquired 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 bought 99,996 shares of Endeavor Group stock. The shares were acquired at an average price of $156.60 per share, with a total value of $15,659,373.60.
• On Monday, January 27th, Patrick Whitesell purchased 89,234 shares of Endeavor Group stock. The stock was acquired 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 stock was acquired at an average cost of $150.92 per share, with a total value of $18,254,981.36.
• On Friday, January 17th, Patrick Whitesell bought 125,589 shares of Endeavor Group stock. The shares were bought 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 stock was bought at an average price of $144.13 per share, with a total value of $15,634,645.88.

Endeavor Group Price Performance

Shares of NYSE:EDR opened at $35.18 on Friday. The company’s fifty day moving average price is $31.29 and its 200-day moving average price is $29.49. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $24.07 billion, a price-to-earnings ratio of -17.16 and a beta of 0.74. Endeavor Group Holdings, Inc. has a one year low of $23.14 and a one year high of $35.99.

Endeavor Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.68%. Endeavor Group’s payout ratio is -11.71%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on EDR shares. Seaport Res Ptn cut Endeavor Group from a “hold” rating to a “strong sell” rating in a report on Tuesday. StockNews.com cut shares of Endeavor Group from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $27.86.

Hedge Funds Weigh In On Endeavor Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Guggenheim Capital LLC raised its holdings in shares of Endeavor Group by 2.0% during the 4th quarter. Guggenheim Capital LLC now owns 15,276 shares of the company’s stock valued at $478,000 after buying an additional 304 shares in the last quarter. Fifth Lane Capital LP boosted its stake in shares of Endeavor Group by 0.3% in the 4th quarter. Fifth Lane Capital LP now owns 110,364 shares of the company’s stock valued at $3,453,000 after purchasing an additional 364 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Endeavor Group by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 9,108 shares of the company’s stock valued at $285,000 after purchasing an additional 447 shares during the last quarter. Invesco Ltd. raised its position in Endeavor Group by 5.3% in the 4th quarter. Invesco Ltd. now owns 10,044 shares of the company’s stock worth $314,000 after purchasing an additional 505 shares during the period. Finally, Tidal Investments LLC raised its position in Endeavor Group by 7.9% in the 3rd quarter. Tidal Investments LLC now owns 8,498 shares of the company’s stock worth $243,000 after purchasing an additional 620 shares during the period. 74.99% of the stock is currently owned by hedge funds and other 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.