Patrick Whitesell Acquires 116,256 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell bought 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, with a total value of $19,999,519.68. Following the acquisition, the insider now directly owns 2,305,222 shares of the company’s stock, valued at approximately $396,567,340.66. This trade represents a 5.31 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Wednesday, February 12th, Patrick Whitesell purchased 117,769 shares of Endeavor Group stock. The shares were 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 stock was acquired at an average price of $165.99 per share, for a total transaction of $29,523,147.39.
• On Wednesday, February 5th, Patrick Whitesell bought 81,019 shares of Endeavor Group stock. The shares were acquired 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 shares were bought at an average cost of $156.79 per share, for a total transaction of $12,662,046.82.
• On Monday, February 3rd, Patrick Whitesell bought 94,161 shares of Endeavor Group stock. The stock was bought 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 bought at an average cost of $156.60 per share, for a total transaction of $15,659,373.60.
• On Monday, January 27th, Patrick Whitesell acquired 89,234 shares of Endeavor Group stock. The stock was bought 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 purchased at an average cost 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 shares were purchased 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 purchased at an average cost of $144.13 per share, with a total value of $15,634,645.88.

Endeavor Group Stock Performance

Shares of NYSE:EDR opened at $35.53 on Friday. The business’s 50 day moving average price is $31.19 and its 200-day moving average price is $29.43. Endeavor Group Holdings, Inc. has a 1 year low of $23.14 and a 1 year high of $35.89. 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 $24.30 billion, a PE ratio of -17.33 and a beta of 0.74.

Endeavor Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Monday, December 16th. Endeavor Group’s dividend payout ratio (DPR) is -11.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Seaport Res Ptn cut Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday. StockNews.com lowered Endeavor Group from a “hold” rating to a “sell” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $27.86.

Institutional Trading of Endeavor Group

Several large investors have recently bought and sold shares of EDR. Guggenheim Capital LLC increased its holdings in shares of Endeavor Group by 2.0% in the fourth quarter. Guggenheim Capital LLC now owns 15,276 shares of the company’s stock valued at $478,000 after purchasing an additional 304 shares during the last quarter. Water Island Capital LLC boosted its stake in Endeavor Group by 1.5% during the fourth quarter. Water Island Capital LLC now owns 1,346,226 shares of the company’s stock worth $42,123,000 after buying an additional 19,565 shares during the last quarter. Legal & General Group Plc grew its holdings in Endeavor Group by 4.3% in the 4th quarter. Legal & General Group Plc now owns 190,254 shares of the company’s stock valued at $5,953,000 after buying an additional 7,903 shares in the last quarter. Invesco Ltd. increased its stake in shares of 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 acquiring an additional 505 shares during the last quarter. Finally, ADAR1 Capital Management LLC raised its holdings in shares of Endeavor Group by 71.6% during the 4th quarter. ADAR1 Capital Management LLC now owns 210,729 shares of the company’s stock worth $6,594,000 after acquiring an additional 87,922 shares during the period. Hedge funds and other institutional investors own 74.99% of the company’s stock.

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.