Insider Buying: TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Acquires 99,996 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell acquired 99,996 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average cost of $156.60 per share, for a total transaction of $15,659,373.60. Following the transaction, the insider now owns 1,539,589 shares of the company’s stock, valued at approximately $241,099,637.40. This represents a 6.95 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Patrick Whitesell also recently made the following trade(s):

• On Monday, January 27th, Patrick Whitesell purchased 89,234 shares of TKO Group stock. The shares were acquired at an average price of $153.18 per share, for a total transaction of $13,668,864.12.
• On Thursday, January 23rd, Patrick Whitesell acquired 120,958 shares of TKO Group stock. The stock was acquired at an average cost of $150.92 per share, with a total value of $18,254,981.36.
• On Tuesday, January 21st, Patrick Whitesell bought 108,476 shares of TKO Group stock. The shares were 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 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 acquired 263,200 shares of TKO Group stock. The shares were bought at an average cost 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 bought at an average cost of $142.45 per share, with a total value of $35,026,603.15.
• On Wednesday, December 11th, Patrick Whitesell acquired 31,352 shares of TKO Group stock. The stock was purchased at an average price of $142.03 per share, with a total value of $4,452,924.56.

TKO Group Trading Down 1.6 %

TKO stock opened at $155.03 on Friday. TKO Group Holdings, Inc. has a 1-year low of $78.69 and a 1-year high of $159.72. 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 business’s 50 day moving average is $143.75 and its 200-day moving average is $127.36. The firm has a market cap of $26.47 billion, a P/E ratio of -369.12 and a beta of 1.07.

TKO Group (NYSE:TKO) last released 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). 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 in the prior year, the company earned $0.52 earnings per share. The business’s revenue was up 51.7% compared to the same quarter last year. Equities analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TKO Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in TKO Group by 2.8% in the second quarter. Bank of Montreal Can now owns 6,652 shares of the company’s stock worth $719,000 after purchasing an additional 184 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of TKO Group during the second quarter worth approximately $232,000. Darlington Partners Capital Management LP grew its stake in shares of TKO Group by 3.1% during the second quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock valued at $331,065,000 after purchasing an additional 90,868 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of TKO Group by 1.6% in the second quarter. The Manufacturers Life Insurance Company now owns 54,653 shares of the company’s stock valued at $5,902,000 after purchasing an additional 861 shares in the last quarter. Finally, Algert Global LLC bought a new position in TKO Group in the 2nd quarter worth approximately $2,515,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. TD Cowen lifted their target price on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Pivotal Research raised their target price on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. 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 report on Thursday, December 12th. Roth Mkm boosted their target price 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. Finally, UBS Group increased their price target on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, TKO Group has a consensus rating of “Moderate Buy” and a consensus target price of $144.77.

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.