Patrick Whitesell Purchases 80,758 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell bought 80,758 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average cost of $156.79 per share, with a total value of $12,662,046.82. Following the acquisition, the insider now directly owns 1,686,368 shares in the company, valued at $264,405,638.72. This trade represents a 5.03 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% 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, February 3rd, Patrick Whitesell purchased 94,161 shares of TKO Group stock. The stock was acquired at an average cost of $157.79 per share, for a total transaction of $14,857,664.19.
• On Wednesday, January 29th, Patrick Whitesell acquired 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 bought 89,234 shares of TKO Group stock. The shares were bought at an average price of $153.18 per share, with a total value of $13,668,864.12.
• On Thursday, January 23rd, Patrick Whitesell purchased 120,958 shares of TKO Group stock. The stock was bought at an average price 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 bought 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 shares were purchased at an average price of $143.06 per share, with a total value of $17,966,762.34.
• On Monday, December 16th, Patrick Whitesell purchased 263,200 shares of TKO Group stock. The shares were purchased 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 stock was purchased 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 purchased at an average price of $142.03 per share, with a total value of $4,452,924.56.

TKO Group Trading Up 2.2 %

Shares of TKO opened at $161.15 on Thursday. The firm has a market capitalization of $27.52 billion, a price-to-earnings ratio of -383.68 and a beta of 1.06. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group Holdings, Inc. has a 1-year low of $78.69 and a 1-year high of $161.27. The company has a 50-day moving average of $145.02 and a 200 day moving average of $128.63.

TKO Group (NYSE:TKO) last announced 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 firm had revenue of $681.20 million during the quarter, compared to analysts’ expectations of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The firm’s revenue for the quarter was up 51.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 EPS. On average, research analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

Analyst Upgrades and Downgrades

TKO has been the topic of a number of recent research reports. TD Cowen upped their price target on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Citigroup upped their target price on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Pivotal Research lifted their price target on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Benchmark downgraded TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, UBS Group lifted their target price on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.77.

Institutional Investors Weigh In On TKO Group

Hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in shares of TKO Group by 559.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after acquiring an additional 151 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in TKO Group during the 4th quarter valued at about $32,000. Game Plan Financial Advisors LLC raised its holdings in shares of TKO Group by 172.2% in the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after purchasing an additional 155 shares in the last quarter. Blue Trust Inc. lifted its position in shares of TKO Group by 52.4% in the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after purchasing an additional 89 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of TKO Group by 72.8% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after purchasing an additional 115 shares in the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

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.