Patrick Whitesell Purchases 125,589 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell purchased 125,589 shares of TKO Group stock in a transaction dated Friday, January 17th. The shares were acquired at an average cost of $143.06 per share, for a total transaction of $17,966,762.34. Following the transaction, the insider now directly owns 807,376 shares of the company’s stock, valued at approximately $115,503,210.56. This represents a 18.42 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 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 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 Monday, December 16th, Patrick Whitesell purchased 263,200 shares of TKO Group stock. The stock was 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 acquired 245,887 shares of TKO Group stock. The shares were bought at an average cost of $142.45 per share, for a total transaction of $35,026,603.15.
• On Wednesday, December 11th, Patrick Whitesell bought 31,352 shares of TKO Group stock. The shares were bought at an average cost of $142.03 per share, with a total value of $4,452,924.56.

TKO Group Trading Up 0.7 %

NYSE:TKO opened at $153.06 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 52-week low of $78.69 and a 52-week high of $154.25. The stock’s 50 day moving average price is $141.35 and its 200 day moving average price is $125.74. The company has a market capitalization of $26.14 billion, a PE ratio of -364.44 and a beta of 1.07.

TKO Group (NYSE:TKO) last released 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). The company 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 business’s quarterly revenue was up 51.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 EPS. On average, research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TKO shares. Roth Mkm increased their price target on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Citigroup lifted their price target on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Pivotal Research increased their price objective 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. TD Cowen boosted 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, UBS Group raised their price target on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.21.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Spire Wealth Management purchased a new position in TKO Group in the 4th quarter valued at $54,000. Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of TKO Group in the 4th quarter worth $6,921,000. Stonegate Investment Group LLC purchased a new stake in shares of TKO Group in the fourth quarter valued at about $208,000. Pacer Advisors Inc. increased its stake in shares of TKO Group by 10.1% during the fourth quarter. Pacer Advisors Inc. now owns 55,318 shares of the company’s stock worth $7,861,000 after acquiring an additional 5,094 shares during the period. Finally, KBC Group NV raised its holdings in TKO Group by 56.7% during the fourth quarter. KBC Group NV now owns 2,912 shares of the company’s stock worth $414,000 after purchasing an additional 1,054 shares in the last quarter. Institutional investors and hedge funds 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.