Patrick Whitesell Purchases 120,958 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell bought 120,958 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were purchased at an average cost of $150.92 per share, with a total value of $18,254,981.36. Following the completion of the transaction, the insider now owns 1,152,762 shares in the company, valued at $173,974,841.04. This represents a 11.72 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 Monday, January 27th, Patrick Whitesell bought 89,234 shares of TKO Group stock. The shares were purchased at an average cost of $153.18 per share, with a total value of $13,668,864.12.
• 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, with a total value of $15,634,645.88.
• On Friday, January 17th, Patrick Whitesell bought 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 purchased 263,200 shares of TKO Group stock. The stock was bought at an average price 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 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

Shares of TKO opened at $158.34 on Wednesday. The stock has a 50-day moving average of $142.47 and a two-hundred day moving average of $126.60. TKO Group Holdings, Inc. has a one year low of $78.69 and a one year high of $159.53. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market cap of $27.04 billion, a P/E ratio of -377.00 and a beta of 1.07.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business’s quarterly revenue was up 51.7% compared to the same quarter last year. During the same period last year, the firm earned $0.52 EPS. As a group, research analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

Wall Street Analyst Weigh In

TKO has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price target on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. Benchmark downgraded TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Roth Mkm lifted 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. JPMorgan Chase & Co. boosted their target price on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, UBS Group boosted their target price on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and an average price target of $141.21.

Hedge Funds Weigh In On TKO Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Ninety One UK Ltd lifted its holdings in shares of TKO Group by 4.1% in the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock valued at $589,985,000 after buying an additional 163,980 shares during the period. Darlington Partners Capital Management LP lifted its holdings in shares of TKO Group by 3.1% in the 2nd quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock valued at $331,065,000 after buying an additional 90,868 shares during the period. State Street Corp lifted its holdings in shares of TKO Group by 10.4% in the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock valued at $253,966,000 after buying an additional 192,602 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of TKO Group by 9.5% in the 2nd quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock valued at $194,467,000 after buying an additional 155,940 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of TKO Group by 29.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock valued at $210,892,000 after buying an additional 383,869 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.