TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Patrick Whitesell Buys 99,996 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell acquired 99,996 shares of the stock in a transaction dated Wednesday, January 29th. The shares were bought at an average cost of $156.60 per share, with a total value of $15,659,373.60. Following the completion of the transaction, the insider now owns 1,539,589 shares of the company’s stock, valued at approximately $241,099,637.40. This represents a 6.95 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more 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 Monday, January 27th, Patrick Whitesell purchased 89,234 shares of TKO Group stock. The shares were purchased at an average price of $153.18 per share, with a total value of $13,668,864.12.
• On Thursday, January 23rd, Patrick Whitesell acquired 120,958 shares of TKO Group stock. The stock was purchased at an average price of $150.92 per share, for a total transaction of $18,254,981.36.
• On Tuesday, January 21st, Patrick Whitesell bought 108,476 shares of TKO Group stock. The stock was 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 acquired at an average cost of $143.06 per share, with a total value 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, 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 price of $142.45 per share, for a total transaction of $35,026,603.15.
• On Wednesday, December 11th, Patrick Whitesell bought 31,352 shares of TKO Group stock. The stock was bought 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 opened at $157.44 on Friday. TKO Group Holdings, Inc. has a 52 week low of $78.69 and a 52 week high of $159.72. The company has a 50-day moving average price of $143.36 and a 200 day moving average price of $127.02. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17.

TKO Group (NYSE:TKO) last issued its 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). 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 for the quarter, compared to analysts’ expectations of $665.12 million. During the same period last year, the company posted $0.52 earnings per share. The business’s quarterly revenue was up 51.7% on a year-over-year basis. As a group, research analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Hedge Funds Weigh In On TKO Group

A number of institutional investors and hedge funds have recently made changes to their positions in TKO. Geneos Wealth Management Inc. purchased a new stake in TKO Group during the fourth quarter worth about $32,000. Game Plan Financial Advisors LLC lifted its position in shares of TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after acquiring an additional 155 shares during the period. Blue Trust Inc. boosted its stake in shares of TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after acquiring an additional 89 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of TKO Group by 72.8% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after acquiring an additional 115 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in TKO Group by 491.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after purchasing an additional 231 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Roth Mkm boosted their price target on shares of 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 upped their target price on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Citigroup lifted their price target on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Pivotal Research increased their price objective on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, TD Cowen lifted their target price on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $144.77.

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.