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

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell purchased 117,769 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were acquired at an average price of $175.40 per share, for a total transaction of $20,656,682.60. Following the completion of the acquisition, the insider now directly owns 2,579,437 shares of the company’s stock, valued at $452,433,249.80. This trade represents a 4.78 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 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 Monday, February 10th, Patrick Whitesell bought 116,256 shares of Endeavor Group stock. The shares were acquired at an average cost of $172.03 per share, with a total value of $19,999,519.68.
• 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, 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 bought 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 bought at an average price of $156.79 per share, with a total value of $12,662,046.82.
• On Monday, February 3rd, Patrick Whitesell purchased 94,161 shares of Endeavor Group stock. The stock was bought 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 stock was purchased at an average cost 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 shares were purchased 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 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 acquired 125,589 shares of Endeavor Group stock. The shares were 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 bought 108,476 shares of Endeavor Group stock. The stock was acquired 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 $35.53 on Friday. The firm has a market capitalization of $24.30 billion, a P/E ratio of -17.33 and a beta of 0.74. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. The stock’s 50-day simple moving average is $31.19 and its two-hundred day simple moving average is $29.43. Endeavor Group Holdings, Inc. has a twelve month low of $23.14 and a twelve month high of $35.89.

Endeavor Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EDR. StockNews.com lowered Endeavor Group from a “hold” rating to a “sell” rating in a report on Monday. Seaport Res Ptn downgraded Endeavor Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Endeavor Group has a consensus rating of “Hold” and a consensus target price of $27.86.

Institutional Investors Weigh In On Endeavor Group

Hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. raised its position in shares of Endeavor Group by 176.1% during the 4th quarter. Blue Trust Inc. now owns 2,303 shares of the company’s stock valued at $66,000 after buying an additional 1,469 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Endeavor Group in the fourth quarter valued at $96,000. FMR LLC raised its position in Endeavor Group by 67.6% during the third quarter. FMR LLC now owns 5,575 shares of the company’s stock valued at $159,000 after purchasing an additional 2,248 shares in the last quarter. KBC Group NV lifted its stake in Endeavor Group by 65.3% during the fourth quarter. KBC Group NV now owns 7,191 shares of the company’s stock worth $225,000 after purchasing 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 4th quarter worth about $233,000. 74.99% of the stock is currently 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.