Insider Buying: TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Acquires $13,668,864.12 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell acquired 89,234 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was purchased at an average cost of $153.18 per share, for a total transaction of $13,668,864.12. Following the completion of the acquisition, the insider now directly owns 1,347,034 shares of the company’s stock, valued at approximately $206,338,668.12. This trade represents a 7.09 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 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 Thursday, January 23rd, Patrick Whitesell bought 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 purchased 108,476 shares of TKO Group stock. The shares were acquired at an average cost of $144.13 per share, with a total value of $15,634,645.88.
• On Friday, January 17th, Patrick Whitesell acquired 125,589 shares of TKO Group stock. The stock was acquired at an average cost of $143.06 per share, for a total transaction of $17,966,762.34.
• On Monday, December 16th, Patrick Whitesell bought 263,200 shares of TKO Group stock. The shares were acquired at an average cost of $146.97 per share, with a total value of $38,682,504.00.
• On Friday, December 13th, Patrick Whitesell purchased 245,887 shares of TKO Group stock. The stock was 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 acquired 31,352 shares of TKO Group stock. The stock was acquired at an average cost of $142.03 per share, for a total transaction of $4,452,924.56.

TKO Group Stock Down 1.0 %

Shares of TKO opened at $156.81 on Thursday. The company’s 50-day simple moving average is $142.95 and its 200-day simple moving average is $126.81. 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 Holdings, Inc. has a 1 year low of $78.69 and a 1 year high of $159.53. The stock has a market capitalization of $26.78 billion, a PE ratio of -373.36 and a beta of 1.07.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The company had revenue of $681.20 million during the quarter, compared to analyst estimates of $665.12 million. During the same period in the prior year, the business earned $0.52 EPS. TKO Group’s revenue for the quarter was up 51.7% on a year-over-year basis. Analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TKO Group

Several large investors have recently bought and sold shares of TKO. Ninety One UK Ltd lifted its stake in TKO Group by 4.1% during the fourth quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock worth $589,985,000 after purchasing an additional 163,980 shares during the last quarter. Darlington Partners Capital Management LP lifted its position in shares of TKO Group by 3.1% during the 2nd quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock worth $331,065,000 after buying an additional 90,868 shares during the last quarter. 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 valued at $253,966,000 after buying an additional 192,602 shares in the last quarter. Clearbridge Investments LLC grew its position 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 last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in TKO Group by 29.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock worth $210,892,000 after acquiring an additional 383,869 shares in the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Analysts Set New Price Targets

TKO has been the topic of a number of research reports. The Goldman Sachs Group raised their price target on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. lifted their price target on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. UBS Group increased their price objective on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Pivotal Research lifted their target price on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Roth Mkm increased their target price on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $144.77.

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.