TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Patrick Whitesell Buys 89,234 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell bought 89,234 shares of TKO Group stock in a transaction that occurred on Monday, January 27th. The stock was bought at an average price of $153.18 per share, with a total value of $13,668,864.12. Following the completion of the acquisition, the insider now owns 1,347,034 shares in the company, valued at approximately $206,338,668.12. The trade was a 7.09 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Patrick Whitesell also recently made the following trade(s):

• On Thursday, January 23rd, Patrick Whitesell purchased 120,958 shares of TKO Group stock. The stock was purchased at an average cost of $150.92 per share, for a total transaction of $18,254,981.36.
• On Tuesday, January 21st, Patrick Whitesell acquired 108,476 shares of TKO Group stock. The shares were purchased at an average cost of $144.13 per share, with a total value of $15,634,645.88.
• On Friday, January 17th, Patrick Whitesell bought 125,589 shares of TKO Group stock. The stock was purchased at an average price of $143.06 per share, for a total transaction of $17,966,762.34.
• On Monday, December 16th, Patrick Whitesell purchased 263,200 shares of TKO Group stock. The stock was acquired at an average cost of $146.97 per share, for a total transaction of $38,682,504.00.
• On Friday, December 13th, Patrick Whitesell acquired 245,887 shares of TKO Group stock. The shares were acquired at an average cost of $142.45 per share, with a total value of $35,026,603.15.
• On Wednesday, December 11th, Patrick Whitesell purchased 31,352 shares of TKO Group stock. The stock was acquired at an average cost of $142.03 per share, for a total transaction of $4,452,924.56.

TKO Group Price Performance

NYSE:TKO opened at $153.45 on Tuesday. TKO Group Holdings, Inc. has a 12 month low of $78.69 and a 12 month high of $154.25. The company’s 50-day moving average price is $141.92 and its two-hundred day moving average price is $126.27. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a market cap of $26.20 billion, a PE ratio of -365.35 and a beta of 1.07.

TKO Group (NYSE:TKO) last posted its quarterly earnings data 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 positive return on equity of 3.39% and a negative net margin of 1.26%. The business had revenue of $681.20 million during the quarter, compared to analyst estimates of $665.12 million. During the same period in the prior year, the firm posted $0.52 EPS. TKO Group’s revenue for the quarter was up 51.7% compared to the same quarter last year. On average, equities analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TKO shares. Pivotal Research raised their price objective on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Guggenheim boosted their price objective on shares of TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 30th. TD Cowen increased their target price on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group lifted their target price on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Benchmark downgraded TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $141.21.

Hedge Funds Weigh In On TKO Group

Institutional investors have recently modified their holdings of the stock. Blue Trust Inc. increased its holdings in shares of TKO Group by 52.4% in the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after purchasing an additional 89 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of TKO Group during the fourth quarter worth $32,000. First Horizon Advisors Inc. lifted its stake in shares of TKO Group by 491.5% during the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after acquiring an additional 231 shares during the period. UMB Bank n.a. boosted its holdings in TKO Group by 72.8% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after acquiring an additional 115 shares during the last quarter. Finally, Signaturefd LLC increased its position in TKO Group by 39.4% in the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after purchasing an additional 109 shares during the period. 89.79% of the stock is owned by institutional investors.

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.