TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Buys $12,662,046.82 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell bought 80,758 shares of the business’s stock in a transaction on Friday, January 31st. The stock was bought at an average price of $156.79 per share, for a total transaction of $12,662,046.82. Following the purchase, the insider now directly owns 1,686,368 shares of the company’s stock, valued at $264,405,638.72. The trade was a 5.03 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, February 3rd, Patrick Whitesell acquired 94,161 shares of TKO Group stock. The stock was purchased 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 TKO Group stock. The shares were 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 TKO Group stock. The stock was 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 TKO Group stock. The shares were acquired at an average price of $150.92 per share, with a total value of $18,254,981.36.
• On Tuesday, January 21st, Patrick Whitesell bought 108,476 shares of TKO Group stock. The shares were acquired at an average cost of $144.13 per share, for a total transaction of $15,634,645.88.
• On Friday, January 17th, Patrick Whitesell acquired 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 bought at an average cost of $146.97 per share, for a total transaction of $38,682,504.00.
• On Friday, December 13th, Patrick Whitesell purchased 245,887 shares of TKO Group stock. The stock was bought at an average cost of $142.45 per share, with a total value of $35,026,603.15.
• On Wednesday, December 11th, Patrick Whitesell acquired 31,352 shares of TKO Group stock. The shares were bought at an average cost of $142.03 per share, for a total transaction of $4,452,924.56.

TKO Group Trading Up 2.2 %

TKO stock opened at $161.15 on Thursday. TKO Group Holdings, Inc. has a 52-week low of $78.69 and a 52-week high of $161.27. 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 $27.52 billion, a P/E ratio of -383.68 and a beta of 1.06. The company’s 50-day simple moving average is $145.02 and its 200-day simple moving average is $128.63.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA increased its holdings in TKO Group by 29.1% in the 3rd 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 in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of TKO Group by 59.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock valued at $119,940,000 after purchasing an additional 362,460 shares during the period. State Street Corp increased its stake in shares of TKO Group by 10.4% during the third quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after purchasing an additional 192,602 shares in the last quarter. Ninety One UK Ltd raised its position in shares of TKO Group by 4.1% during the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock worth $589,985,000 after purchasing an additional 163,980 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in TKO Group by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company’s stock valued at $153,931,000 after buying an additional 85,160 shares in the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TKO. TD Cowen lifted their price target on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Roth Mkm upped their target price on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group raised their price target on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Benchmark downgraded shares of TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Pivotal Research raised their target price on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, TKO Group has a consensus rating of “Moderate Buy” and a consensus target price of $144.77.

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.