Patrick Whitesell Purchases 108,476 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell purchased 108,476 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was bought at an average cost of $144.13 per share, with a total value of $15,634,645.88. Following the acquisition, the insider now owns 915,852 shares of the company’s stock, valued at approximately $132,001,748.76. The trade was a 13.44 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Major 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, January 17th, Patrick Whitesell purchased 125,589 shares of TKO Group stock. The stock was bought at an average cost of $143.06 per share, with a total value of $17,966,762.34.
• 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 acquired 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 shares were purchased at an average cost of $142.03 per share, with a total value of $4,452,924.56.

TKO Group Stock Performance

NYSE:TKO opened at $151.93 on Friday. 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 company has a fifty day moving average of $140.68 and a two-hundred day moving average of $125.46. The stock has a market capitalization of $25.94 billion, a PE ratio of -361.73 and a beta of 1.07. TKO Group Holdings, Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $153.89.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $681.20 million for the quarter, compared to analyst estimates of $665.12 million. During the same quarter last year, the company earned $0.52 EPS. The firm’s revenue for the quarter was up 51.7% on a year-over-year basis. As a group, research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the stock. TD Cowen lifted their price objective 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. Guggenheim boosted their target price on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Citigroup boosted their target price on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. boosted their price objective on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and a consensus price target of $139.29.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TKO. Blue Trust Inc. raised its stake in TKO Group by 52.4% in the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after purchasing an additional 89 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of TKO Group in the fourth quarter valued at about $32,000. First Horizon Advisors Inc. raised its position in shares of TKO Group by 491.5% in the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after buying an additional 231 shares during the last quarter. UMB Bank n.a. raised its holdings in TKO Group by 72.8% in 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 last quarter. Finally, Signaturefd LLC raised its holdings in TKO Group by 39.4% in the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after acquiring an additional 109 shares during the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

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.