Insider Buying: TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Purchases 125,589 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell purchased 125,589 shares of the business’s stock in a transaction on Friday, January 17th. The shares were acquired at an average price of $143.06 per share, with a total value of $17,966,762.34. Following the purchase, the insider now owns 807,376 shares of the company’s stock, valued at approximately $115,503,210.56. This trade represents a 18.42 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases 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 stock was bought at an average cost of $144.13 per share, with a total value of $15,634,645.88.
• On Monday, December 16th, Patrick Whitesell purchased 263,200 shares of TKO Group stock. The stock was 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 acquired 245,887 shares of TKO Group stock. The shares were bought 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 stock was purchased at an average cost of $142.03 per share, for a total transaction of $4,452,924.56.

TKO Group Stock Performance

TKO stock traded down $1.74 during trading hours on Wednesday, hitting $142.80. 682,188 shares of the stock were exchanged, compared to its average volume of 731,453. TKO Group Holdings, Inc. has a 12 month low of $78.69 and a 12 month high of $149.40. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $24.39 billion, a P/E ratio of -339.99 and a beta of 1.07. The company has a 50-day simple moving average of $140.00 and a two-hundred day simple moving average of $125.27.

TKO Group (NYSE:TKO) last posted its quarterly earnings data 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 company had revenue of $681.20 million for the quarter, compared to the consensus estimate of $665.12 million. During the same quarter last year, the business earned $0.52 EPS. TKO Group’s revenue was up 51.7% on a year-over-year basis. On average, analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TKO Group

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

A number of equities analysts have commented on the stock. Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Guggenheim increased their price target on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Pivotal Research boosted their price objective on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Roth Mkm raised their target price on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, TD Cowen upped their price target on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, TKO Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.29.

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.