TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Buys $12,940,354.68 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell purchased 81,019 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average price of $159.72 per share, for a total transaction of $12,940,354.68. Following the acquisition, the insider now directly owns 1,938,135 shares of the company’s stock, valued at $309,558,922.20. This trade represents a 4.36 % increase in their position. The purchase 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, February 7th, Patrick Whitesell bought 177,861 shares of TKO Group stock. The stock was acquired at an average cost of $165.99 per share, for a total transaction of $29,523,147.39.
• On Monday, February 3rd, Patrick Whitesell purchased 94,161 shares of TKO Group stock. The shares were acquired at an average cost of $157.79 per share, with a total value of $14,857,664.19.
• On Friday, January 31st, Patrick Whitesell acquired 80,758 shares of TKO Group stock. The stock was bought at an average cost of $156.79 per share, for a total transaction of $12,662,046.82.
• On Wednesday, January 29th, Patrick Whitesell bought 99,996 shares of TKO Group stock. The stock was bought 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 shares were bought 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 stock was purchased at an average cost 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 purchased at an average cost of $144.13 per share, for a total transaction of $15,634,645.88.
• On Friday, January 17th, Patrick Whitesell purchased 125,589 shares of TKO Group stock. The shares were purchased at an average cost of $143.06 per share, with a total value of $17,966,762.34.
• On Monday, December 16th, Patrick Whitesell acquired 263,200 shares of TKO Group stock. The stock was purchased at an average price of $146.97 per share, for a total transaction of $38,682,504.00.
• On Friday, December 13th, Patrick Whitesell bought 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 Stock Performance

NYSE TKO traded up $5.48 during trading hours on Friday, reaching $166.69. The company’s stock had a trading volume of 2,463,709 shares, compared to its average volume of 883,495. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The business has a 50-day simple moving average of $146.05 and a 200 day simple moving average of $129.28. TKO Group Holdings, Inc. has a 52 week low of $78.69 and a 52 week high of $168.25. The stock has a market cap of $28.47 billion, a PE ratio of -396.88 and a beta of 1.06.

TKO Group (NYSE:TKO) last released its quarterly earnings data 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 negative net margin of 1.26% and a positive return on equity of 3.39%. The company had revenue of $681.20 million for the quarter, compared to analyst estimates of $665.12 million. During the same quarter in the prior year, the firm earned $0.52 EPS. The company’s revenue for the quarter was up 51.7% compared to the same quarter last year. Equities research analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TKO Group

Several institutional investors have recently modified their holdings of TKO. HighTower Advisors LLC lifted its position in TKO Group by 8.7% in the 4th quarter. HighTower Advisors LLC now owns 28,485 shares of the company’s stock valued at $4,048,000 after purchasing an additional 2,288 shares during the last quarter. Moran Wealth Management LLC increased its stake in shares of TKO Group by 1.7% in the fourth quarter. Moran Wealth Management LLC now owns 19,439 shares of the company’s stock valued at $2,762,000 after purchasing an additional 327 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of TKO Group by 21.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,953 shares of the company’s stock valued at $2,836,000 after buying an additional 3,572 shares during the last quarter. Barings LLC acquired a new position in shares of TKO Group during the fourth quarter worth approximately $1,327,000. Finally, Machina Capital S.A.S. bought a new position in TKO Group in the 4th quarter worth approximately $213,000. Institutional investors own 89.79% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on TKO shares. Roth Mkm increased their price target on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Citigroup increased their target price on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Pivotal Research lifted their price target 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. UBS Group increased their price objective on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group boosted their target price 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. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $148.08.

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.