Patrick Whitesell Purchases 120,958 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell acquired 120,958 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was purchased at an average price of $150.92 per share, with a total value of $18,254,981.36. Following the transaction, the insider now owns 1,152,762 shares of the company’s stock, valued at approximately $173,974,841.04. This trade represents a 11.72 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more 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, January 27th, Patrick Whitesell bought 89,234 shares of TKO Group stock. The stock was purchased at an average price of $153.18 per share, for a total transaction of $13,668,864.12.
• On Tuesday, January 21st, Patrick Whitesell acquired 108,476 shares of TKO Group stock. The stock was purchased at an average price of $144.13 per share, for a total transaction of $15,634,645.88.
• On Friday, January 17th, Patrick Whitesell bought 125,589 shares of TKO 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 Monday, December 16th, Patrick Whitesell bought 263,200 shares of TKO Group stock. The shares were acquired at an average cost of $146.97 per share, with a total value of $38,682,504.00.
• On Friday, December 13th, Patrick Whitesell bought 245,887 shares of TKO Group stock. The stock was bought at an average cost of $142.45 per share, for a total transaction of $35,026,603.15.
• On Wednesday, December 11th, Patrick Whitesell purchased 31,352 shares of TKO Group stock. The shares were purchased at an average price of $142.03 per share, with a total value of $4,452,924.56.

TKO Group Stock Performance

Shares of NYSE:TKO traded up $0.37 during midday trading on Monday, hitting $153.45. The company’s stock had a trading volume of 771,592 shares, compared to its average volume of 825,330. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The stock’s 50 day simple moving average is $141.92 and its 200 day simple moving average is $126.27. The stock has a market capitalization of $26.20 billion, a price-to-earnings ratio of -365.35 and a beta of 1.07. TKO Group Holdings, Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $154.25.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.28). The company had revenue of $681.20 million during the quarter, compared to analyst estimates of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The company’s revenue was up 51.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 EPS. As a group, research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Hedge Funds Weigh In On TKO Group

Several large investors have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its position in 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 valued at $210,892,000 after acquiring an additional 383,869 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of TKO Group by 59.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock worth $119,940,000 after acquiring an additional 362,460 shares in the last quarter. State Street Corp grew its position in TKO Group by 10.4% during the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after acquiring an additional 192,602 shares during the last quarter. Ninety One UK Ltd increased its holdings in TKO Group by 4.1% during the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock valued at $589,985,000 after purchasing an additional 163,980 shares in the last quarter. Finally, Clearbridge Investments LLC raised its position in 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 purchasing an additional 155,940 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Guggenheim increased their price objective on TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Citigroup lifted their price target on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Roth Mkm increased their price objective on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their target price on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group increased their target price on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, TKO Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.21.

About TKO Group

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.