Patrick Whitesell Acquires 31,352 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell acquired 31,352 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average cost of $142.03 per share, for a total transaction of $4,452,924.56. Following the acquisition, the insider now owns 1,674,322 shares of the company’s stock, valued at $237,803,953.66. The trade was a 1.91 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more 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 bought at an average price of $142.45 per share, with a total value of $35,026,603.15.

TKO Group Trading Down 1.1 %

Shares of TKO stock opened at $141.92 on Friday. 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 stock has a market capitalization of $24.24 billion, a price-to-earnings ratio of -337.90 and a beta of 1.09. TKO Group Holdings, Inc. has a 12-month low of $74.25 and a 12-month high of $145.69. The stock’s 50-day moving average price is $128.24 and its 200-day moving average price is $118.35.

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 firm had revenue of $681.20 million for the quarter, compared to analysts’ expectations of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The firm’s revenue was up 51.7% on a year-over-year basis. During the same period last year, the company earned $0.52 earnings per share. Equities research analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Analyst Ratings Changes

TKO has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price objective on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. 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 report on Wednesday, October 16th. TD Cowen raised their price objective on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. upped their target price on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Pivotal Research raised their price target on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, TKO Group presently has an average rating of “Moderate Buy” and a consensus target price of $133.93.

Institutional Investors Weigh In On TKO Group

A number of hedge funds have recently bought and sold shares of TKO. Massachusetts Financial Services Co. MA raised its position in shares of TKO Group by 267.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,320,859 shares of the company’s stock valued at $142,640,000 after buying an additional 961,880 shares in the last quarter. Ninety One UK Ltd increased its stake in TKO Group by 15.9% during the second quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock worth $439,004,000 after acquiring an additional 557,444 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in TKO Group by 59.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock valued at $119,940,000 after purchasing an additional 362,460 shares during the period. American Century Companies Inc. lifted its stake in shares of TKO Group by 1,439.7% in the 2nd quarter. American Century Companies Inc. now owns 307,405 shares of the company’s stock valued at $33,197,000 after purchasing an additional 287,440 shares during the last quarter. Finally, State Street Corp boosted 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 worth $253,966,000 after purchasing an additional 192,602 shares during the period. Hedge funds and other institutional investors own 89.79% of the company’s stock.

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.