TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Patrick Whitesell Purchases 94,161 Shares

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell purchased 94,161 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were acquired at an average price of $157.79 per share, for a total transaction of $14,857,664.19. Following the completion of the purchase, the insider now directly owns 1,780,529 shares in the company, valued at $280,949,670.91. This represents a 5.58 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major 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 Friday, January 31st, Patrick Whitesell bought 80,758 shares of TKO Group stock. The shares were bought at an average price of $156.79 per share, for a total transaction of $12,662,046.82.
• On Wednesday, January 29th, Patrick Whitesell purchased 99,996 shares of TKO Group stock. The shares were bought at an average price of $156.60 per share, for a total transaction of $15,659,373.60.
• On Monday, January 27th, Patrick Whitesell purchased 89,234 shares of TKO Group stock. The stock was purchased at an average cost of $153.18 per share, for a total transaction of $13,668,864.12.
• On Thursday, January 23rd, Patrick Whitesell purchased 120,958 shares of TKO Group stock. The stock was acquired at an average cost of $150.92 per share, for a total transaction of $18,254,981.36.
• On Tuesday, January 21st, Patrick Whitesell acquired 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 bought 125,589 shares of TKO Group stock. The stock was bought 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 stock was purchased 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 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 acquired at an average cost of $142.03 per share, for a total transaction of $4,452,924.56.

TKO Group Stock Up 0.3 %

Shares of TKO stock traded up $0.50 during midday trading on Tuesday, reaching $157.55. 733,412 shares of the stock were exchanged, compared to its average volume of 821,101. TKO Group Holdings, Inc. has a 1 year low of $78.69 and a 1 year high of $159.72. The firm has a market cap of $26.90 billion, a PE ratio of -375.12 and a beta of 1.06. The company’s 50 day moving average is $144.56 and its two-hundred day moving average is $128.40. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO) last posted its quarterly earnings data 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 positive return on equity of 3.39% and a negative net margin of 1.26%. The firm had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. During the same quarter last year, the company posted $0.52 EPS. TKO Group’s revenue for the quarter was up 51.7% compared to the same quarter last year. On average, equities research analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TKO. Pivotal Research upped their price target on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. 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. 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 research note on Tuesday, October 29th. Finally, Roth Mkm raised their price target on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $144.77.

Institutional Investors Weigh In On TKO Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of Montreal Can grew its stake in shares of TKO Group by 2.8% during the 2nd quarter. Bank of Montreal Can now owns 6,652 shares of the company’s stock valued at $719,000 after purchasing an additional 184 shares during the period. AQR Capital Management LLC bought a new position in TKO Group in the second quarter worth approximately $232,000. The Manufacturers Life Insurance Company grew its position in shares of TKO Group by 1.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 54,653 shares of the company’s stock valued at $5,902,000 after acquiring an additional 861 shares during the period. Creative Planning increased its stake in shares of TKO Group by 8.9% in the 2nd quarter. Creative Planning now owns 9,985 shares of the company’s stock worth $1,078,000 after purchasing an additional 816 shares in the last quarter. Finally, Truist Financial Corp raised its holdings in TKO Group by 4.9% in the 2nd quarter. Truist Financial Corp now owns 5,278 shares of the company’s stock worth $570,000 after purchasing an additional 248 shares during the period. Institutional investors 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.