TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Patrick Whitesell Acquires 89,234 Shares

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell purchased 89,234 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was purchased at an average price of $153.18 per share, with a total value of $13,668,864.12. Following the purchase, the insider now directly owns 1,347,034 shares of the company’s stock, valued at $206,338,668.12. The trade was a 7.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more 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 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 purchased 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 acquired 263,200 shares of TKO Group stock. The stock was acquired 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 cost of $142.45 per share, for a total transaction of $35,026,603.15.
• On Wednesday, December 11th, Patrick Whitesell purchased 31,352 shares of TKO Group stock. The stock was bought at an average price of $142.03 per share, for a total transaction of $4,452,924.56.

TKO Group Stock Performance

NYSE:TKO traded up $0.37 during mid-day trading on Monday, reaching $153.45. The stock had a trading volume of 771,592 shares, compared to its average volume of 825,330. TKO Group Holdings, Inc. has a twelve month low of $78.69 and a twelve month high of $154.25. The business has a 50 day simple moving average of $141.92 and a 200 day simple moving average of $126.27. The firm has a market capitalization of $26.20 billion, a price-to-earnings ratio of -365.35 and a beta of 1.07. 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 posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.28). The business 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 firm’s quarterly revenue was up 51.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 earnings per share. On average, analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share 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. acquired a new stake in shares of TKO Group in the fourth quarter valued at about $32,000. Blue Trust Inc. increased its holdings in TKO Group by 52.4% in the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after buying an additional 89 shares in the last quarter. UMB Bank n.a. lifted its position in shares of TKO Group by 72.8% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after acquiring an additional 115 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of TKO Group by 491.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after acquiring an additional 231 shares in the last quarter. Finally, Brooklyn Investment Group grew its holdings in shares of TKO Group by 213.0% in the 4th quarter. Brooklyn Investment Group now owns 360 shares of the company’s stock worth $51,000 after acquiring an additional 245 shares during the period. 89.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TKO has been the subject of several research reports. TD Cowen boosted their target price on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Roth Mkm increased their price objective on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. lifted their target price on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Citigroup increased their price target on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $141.21.

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.