TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Patrick Whitesell Buys 99,996 Shares

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell bought 99,996 shares of the stock in a transaction on Wednesday, January 29th. The stock was acquired at an average cost of $156.60 per share, for a total transaction of $15,659,373.60. Following the acquisition, the insider now directly owns 1,539,589 shares in the company, valued at approximately $241,099,637.40. The trade was a 6.95 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 Monday, January 27th, Patrick Whitesell bought 89,234 shares of TKO Group stock. The stock was purchased at an average price of $153.18 per share, with a total value of $13,668,864.12.
• On Thursday, January 23rd, Patrick Whitesell bought 120,958 shares of TKO Group stock. The shares were bought at an average price 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 stock was purchased at an average price of $144.13 per share, for a total transaction of $15,634,645.88.
• On Friday, January 17th, Patrick Whitesell acquired 125,589 shares of TKO Group stock. The shares were purchased 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 stock was purchased at an average price of $146.97 per share, for a total transaction of $38,682,504.00.
• On Friday, December 13th, Patrick Whitesell acquired 245,887 shares of TKO Group stock. The shares were 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 acquired 31,352 shares of TKO Group stock. The shares were bought at an average price of $142.03 per share, for a total transaction of $4,452,924.56.

TKO Group Stock Up 0.3 %

Shares of TKO Group stock traded up $0.52 during trading hours on Thursday, reaching $157.44. The company’s stock had a trading volume of 501,395 shares, compared to its average volume of 822,283. The stock’s fifty day simple moving average is $143.36 and its two-hundred day simple moving average is $127.02. TKO Group Holdings, Inc. has a one year low of $78.69 and a one year high of $159.72. The company has a market capitalization of $26.89 billion, a P/E ratio of -374.85 and a beta of 1.07. 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 (NYSE:TKO) last released its earnings results on Wednesday, November 6th. The company reported $0.28 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 business had revenue of $681.20 million for the quarter, compared to the consensus estimate of $665.12 million. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The company’s revenue for the quarter was up 51.7% on a year-over-year basis. On average, research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Hedge Funds Weigh In On TKO Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Park Avenue Securities LLC boosted its stake in TKO Group by 59.2% in the 4th quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock worth $1,848,000 after purchasing an additional 4,836 shares during the period. Retirement Systems of Alabama grew its position in TKO Group by 11.0% during the third quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock worth $9,984,000 after buying an additional 8,006 shares in the last quarter. HighTower Advisors LLC increased its stake in TKO Group by 177.2% in the 3rd quarter. HighTower Advisors LLC now owns 26,197 shares of the company’s stock worth $3,225,000 after acquiring an additional 16,746 shares during the last quarter. Petrus Trust Company LTA purchased a new stake in shares of TKO Group in the 3rd quarter valued at about $597,000. Finally, Principal Financial Group Inc. boosted its position in shares of TKO Group by 1.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock valued at $154,185,000 after acquiring an additional 13,148 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TKO shares. TD Cowen increased their price target on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. UBS Group upped their target price on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group increased their target price on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. upped their price objective on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Pivotal Research upped their price objective on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, TKO Group has an average rating of “Moderate Buy” and an average 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.