Insider Buying: TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Buys $12,940,354.68 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell purchased 81,019 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were acquired at an average price of $159.72 per share, for a total transaction of $12,940,354.68. Following the completion of the purchase, the insider now directly owns 1,938,135 shares of the company’s stock, valued at approximately $309,558,922.20. This trade represents a 4.36 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 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 Friday, February 7th, Patrick Whitesell acquired 177,861 shares of TKO Group stock. The stock was acquired at an average price of $165.99 per share, with a total value of $29,523,147.39.
• On Monday, February 3rd, Patrick Whitesell bought 94,161 shares of TKO Group stock. The shares were acquired at an average price of $157.79 per share, for a total transaction of $14,857,664.19.
• On Friday, January 31st, Patrick Whitesell acquired 80,758 shares of TKO Group stock. The stock was 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 bought 99,996 shares of TKO Group stock. The shares were bought at an average cost of $156.60 per share, with a total value of $15,659,373.60.
• On Monday, January 27th, Patrick Whitesell purchased 89,234 shares of TKO Group stock. The stock was bought at an average cost of $153.18 per share, for a total transaction of $13,668,864.12.
• On Thursday, January 23rd, Patrick Whitesell acquired 120,958 shares of TKO Group stock. The shares were bought at an average cost of $150.92 per share, with a total value of $18,254,981.36.
• On Tuesday, January 21st, Patrick Whitesell purchased 108,476 shares of TKO Group stock. The stock was purchased at an average price 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 stock was purchased at an average cost of $143.06 per share, for a total transaction of $17,966,762.34.
• On Monday, December 16th, Patrick Whitesell acquired 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 bought 245,887 shares of TKO Group stock. The stock was acquired at an average cost of $142.45 per share, for a total transaction of $35,026,603.15.

TKO Group Price Performance

Shares of TKO opened at $166.69 on Monday. The company has a market capitalization of $28.47 billion, a price-to-earnings ratio of -396.88 and a beta of 1.06. TKO Group Holdings, Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $168.25. The firm has a 50-day simple moving average of $146.05 and a 200-day simple moving average of $129.60. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17.

Analyst Upgrades and Downgrades

TKO has been the topic of a number of recent analyst reports. Pivotal Research increased their price objective on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. TD Cowen raised their price objective on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a report 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 report on Tuesday, December 17th. UBS Group increased their target price on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Finally, Roth Mkm boosted their price target on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $148.08.

Institutional Trading of TKO Group

Hedge funds have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC raised its stake in shares of TKO Group by 559.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock worth $26,000 after purchasing an additional 151 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in TKO Group during the 4th quarter worth $32,000. Game Plan Financial Advisors LLC lifted its stake 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 worth $35,000 after acquiring an additional 155 shares during the period. Blue Trust Inc. boosted its holdings in shares of TKO Group by 52.4% in the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after acquiring an additional 89 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of TKO Group during the fourth quarter worth about $38,000. 89.79% of the stock is owned by institutional investors and hedge funds.

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.