TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Patrick Whitesell Acquires 263,200 Shares

TKO Group Holdings, Inc. (NYSE:TKOGet Free Report) major shareholder Patrick Whitesell acquired 263,200 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average price of $146.97 per share, for a total transaction of $38,682,504.00. Following the completion of the transaction, the insider now owns 418,587 shares in the company, valued at $61,519,731.39. The trade was a 169.38 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Friday, December 13th, Patrick Whitesell purchased 245,887 shares of TKO Group stock. The stock was purchased at an average price of $142.45 per share, for a total transaction of $35,026,603.15.
  • On Wednesday, December 11th, Patrick Whitesell acquired 31,352 shares of TKO Group stock. The shares were acquired at an average price of $142.03 per share, with a total value of $4,452,924.56.

TKO Group Stock Performance

TKO opened at $143.54 on Friday. 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 $24.51 billion, a PE ratio of -341.76 and a beta of 1.09. The business has a fifty day simple moving average of $130.02 and a 200-day simple moving average of $119.54. TKO Group Holdings, Inc. has a fifty-two week low of $75.35 and a fifty-two week high of $149.40.

TKO Group (NYSE:TKOGet Free Report) last released its quarterly 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). The company had revenue of $681.20 million during the quarter, compared to analyst estimates of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The company’s revenue for the quarter was up 51.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.52 EPS. As a group, equities analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after acquiring an additional 89 shares during the period. First Horizon Advisors Inc. raised its stake in TKO Group by 491.5% during 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 during the period. Signaturefd LLC lifted its holdings in shares of TKO Group by 39.4% in the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after purchasing an additional 109 shares in the last quarter. Quarry LP purchased a new stake in shares of TKO Group in the second quarter valued at $51,000. Finally, International Assets Investment Management LLC boosted its position in shares of TKO Group by 12,275.0% in the third quarter. International Assets Investment Management LLC now owns 495 shares of the company’s stock worth $61,000 after buying an additional 491 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TKO. Guggenheim lifted their target price on TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, September 30th. The Goldman Sachs Group lifted their price objective on shares of TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Pivotal Research upped their price objective 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. Citigroup raised their target price on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Roth Mkm upped their price target on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TKO Group has an average rating of “Moderate Buy” and an average price target of $136.79.

View Our Latest Analysis on TKO

About TKO Group

(Get Free Report)

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.

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