TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Patrick Whitesell Buys 125,589 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell acquired 125,589 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were acquired at an average price of $143.06 per share, with a total value of $17,966,762.34. Following the completion of the purchase, the insider now owns 807,376 shares of the company’s stock, valued at $115,503,210.56. This trade represents a 18.42 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major 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 Tuesday, January 21st, Patrick Whitesell bought 108,476 shares of TKO Group stock. The stock was purchased at an average price of $144.13 per share, with a total value of $15,634,645.88.
• On Monday, December 16th, Patrick Whitesell bought 263,200 shares of TKO Group stock. The stock was purchased at an average price 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 purchased at an average price of $142.45 per share, with a total value of $35,026,603.15.
• On Wednesday, December 11th, Patrick Whitesell bought 31,352 shares of TKO Group stock. The stock was purchased at an average price of $142.03 per share, with a total value of $4,452,924.56.

TKO Group Price Performance

Shares of NYSE:TKO opened at $142.80 on Thursday. TKO Group Holdings, Inc. has a 1-year low of $78.69 and a 1-year high of $149.40. The company’s fifty day moving average is $140.00 and its two-hundred day moving average is $125.27. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick 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 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 analyst estimates of $665.12 million. During the same period last year, the company posted $0.52 earnings per share. The firm’s revenue for the quarter was up 51.7% on a year-over-year basis. Equities research analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Guggenheim upped their target price on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, September 30th. TD Cowen upped 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. 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. Citigroup increased their price objective on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. increased their price objective on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, TKO Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.29.

Institutional Trading of TKO Group

A number of large investors have recently modified their holdings of the company. Stonegate Investment Group LLC acquired a new stake in shares of TKO Group in the 4th quarter worth about $208,000. Pacer Advisors Inc. increased its stake in TKO Group by 10.1% during the 4th quarter. Pacer Advisors Inc. now owns 55,318 shares of the company’s stock valued at $7,861,000 after buying an additional 5,094 shares during the period. KBC Group NV increased its stake in TKO Group by 56.7% during the 4th quarter. KBC Group NV now owns 2,912 shares of the company’s stock valued at $414,000 after buying an additional 1,054 shares during the period. Blue Trust Inc. increased its stake in TKO Group by 28.2% during the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $47,000 after buying an additional 73 shares during the period. Finally, Stablepoint Partners LLC increased its stake in TKO Group by 205.6% during the 4th quarter. Stablepoint Partners LLC now owns 5,743 shares of the company’s stock valued at $816,000 after buying an additional 3,864 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

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.