TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Patrick Whitesell Buys 31,352 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell acquired 31,352 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average price of $142.03 per share, with a total value of $4,452,924.56. Following the transaction, the insider now owns 1,674,322 shares of the company’s stock, valued at approximately $237,803,953.66. This represents a 1.91 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 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 Friday, December 13th, Patrick Whitesell acquired 245,887 shares of TKO Group stock. The shares were acquired at an average price of $142.45 per share, with a total value of $35,026,603.15.

TKO Group Price Performance

NYSE TKO opened at $141.96 on Friday. TKO Group Holdings, Inc. has a 12-month low of $74.25 and a 12-month high of $145.69. The firm’s fifty day simple moving average is $128.24 and its two-hundred day simple moving average is $118.28. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The business had revenue of $681.20 million during the quarter, compared to analysts’ expectations of $665.12 million. During the same quarter last year, the business posted $0.52 earnings per share. The company’s quarterly revenue was up 51.7% compared to the same quarter last year. On average, sell-side analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TKO shares. JPMorgan Chase & Co. boosted their target price on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday. Bank of America began coverage on shares of TKO Group in a research note on Tuesday, August 20th. They set a “buy” rating and a $140.00 target price for the company. Benchmark downgraded shares of TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Roth Mkm lifted their price target on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Pivotal Research lifted their target price on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $133.93.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Ninety One UK Ltd lifted its holdings in shares of TKO Group by 15.9% during the second quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock worth $439,004,000 after purchasing an additional 557,444 shares during the period. Darlington Partners Capital Management LP lifted its stake in TKO Group by 3.1% during the 2nd quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock valued at $331,065,000 after acquiring an additional 90,868 shares during the period. State Street Corp boosted its holdings in shares of TKO Group by 10.4% in the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock valued at $253,966,000 after acquiring an additional 192,602 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of TKO Group by 9.5% in the 2nd quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock valued at $194,467,000 after acquiring an additional 155,940 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of TKO Group by 29.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock worth $210,892,000 after acquiring an additional 383,869 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Company Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.