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

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell acquired 80,758 shares of the stock in a transaction dated Friday, January 31st. The stock was acquired at an average price of $156.79 per share, for a total transaction of $12,662,046.82. Following the completion of the transaction, the insider now directly owns 1,686,368 shares of the company’s stock, valued at approximately $264,405,638.72. This represents a 5.03 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large 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, February 3rd, Patrick Whitesell bought 94,161 shares of TKO Group stock. The stock was purchased at an average price of $157.79 per share, for a total transaction of $14,857,664.19.
• On Wednesday, January 29th, Patrick Whitesell bought 99,996 shares of TKO Group stock. The stock was acquired 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 shares were acquired 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 stock was acquired at an average cost 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 shares were acquired at an average price of $144.13 per share, for a total transaction of $15,634,645.88.
• On Friday, January 17th, Patrick Whitesell purchased 125,589 shares of TKO Group stock. The stock was bought at an average price 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 shares were bought at an average price of $146.97 per share, for a total transaction of $38,682,504.00.
• On Friday, December 13th, Patrick Whitesell bought 245,887 shares of TKO Group stock. The stock was 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 Up 0.3 %

NYSE:TKO traded up $0.50 during trading hours on Tuesday, reaching $157.55. The company’s stock had a trading volume of 733,412 shares, compared to its average volume of 821,101. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $26.90 billion, a P/E ratio of -375.12 and a beta of 1.06. The stock has a 50 day moving average price of $144.56 and a two-hundred day moving average price of $128.40. TKO Group Holdings, Inc. has a 12 month low of $78.69 and a 12 month high of $159.72.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 earnings per share 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 analysts’ expectations of $665.12 million. During the same quarter last year, the company earned $0.52 earnings per share. The company’s revenue for the quarter was up 51.7% compared to the same quarter last year. Equities analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Institutional Trading of TKO Group

A number of institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its position in TKO Group by 29.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock valued at $210,892,000 after acquiring an additional 383,869 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of TKO Group by 59.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock valued at $119,940,000 after purchasing an additional 362,460 shares during the last quarter. State Street Corp boosted its position in shares of TKO Group by 10.4% in the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after purchasing an additional 192,602 shares in the last quarter. Ninety One UK Ltd grew its stake in TKO Group by 4.1% during the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock worth $589,985,000 after buying an additional 163,980 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in TKO Group by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company’s stock valued at $153,931,000 after buying an additional 85,160 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on TKO shares. 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 note on Tuesday, January 7th. TD Cowen increased their target price on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Roth Mkm lifted their target price on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group upped their price target on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, Benchmark cut shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and an average target price of $144.77.

About TKO Group

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.