TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Patrick Whitesell Purchases 177,861 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell purchased 177,861 shares of the business’s stock in a transaction on Friday, February 7th. The stock was purchased at an average cost of $165.99 per share, for a total transaction of $29,523,147.39. Following the completion of the acquisition, the insider now directly owns 2,188,966 shares of the company’s stock, valued at approximately $363,346,466.34. The trade was a 8.84 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Patrick Whitesell also recently made the following trade(s):

• On Wednesday, February 5th, Patrick Whitesell acquired 81,019 shares of TKO Group stock. The stock was acquired at an average cost of $159.72 per share, with a total value of $12,940,354.68.
• On Monday, February 3rd, Patrick Whitesell bought 94,161 shares of TKO Group stock. The shares were acquired at an average cost of $157.79 per share, for a total transaction of $14,857,664.19.
• On Friday, January 31st, Patrick Whitesell purchased 80,758 shares of TKO Group stock. The stock was acquired at an average cost of $156.79 per share, with a total value of $12,662,046.82.
• 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 stock was 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 shares were 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 price of $144.13 per share, with a total value of $15,634,645.88.
• On Friday, January 17th, Patrick Whitesell bought 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 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 price of $142.45 per share, with a total value of $35,026,603.15.

TKO Group Stock Performance

NYSE TKO opened at $166.69 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a twelve month low of $78.69 and a twelve month high of $168.25. The stock has a 50-day moving average of $146.05 and a 200 day moving average of $129.28.

TKO Group (NYSE:TKO) last announced its 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 business had revenue of $681.20 million for 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 company’s quarterly revenue was up 51.7% on a year-over-year basis. During the same quarter last year, the business earned $0.52 EPS. As a group, equities research analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TKO shares. Roth Mkm increased their price target on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. TD Cowen increased their price objective on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group boosted their target price on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. increased their price target on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Citigroup boosted their price objective on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and an average price target of $148.08.

Hedge Funds Weigh In On TKO Group

A number of large investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC increased 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 in the last quarter. Blue Trust Inc. boosted its holdings in 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 buying an additional 89 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in TKO Group during the 4th quarter worth approximately $32,000. First Horizon Advisors Inc. raised its holdings in shares of TKO Group by 491.5% during the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after acquiring an additional 231 shares during the last quarter. Finally, Game Plan Financial Advisors LLC lifted its position in shares of TKO Group by 172.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after acquiring an additional 155 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

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.