Patrick Whitesell Acquires 125,589 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKOGet Free Report) major shareholder Patrick Whitesell purchased 125,589 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average cost of $143.06 per share, with a total value of $17,966,762.34. Following the completion of the transaction, the insider now owns 807,376 shares in the company, valued at $115,503,210.56. This trade represents a 18.42 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Major 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 acquired 108,476 shares of TKO Group stock. The stock was purchased at an average cost of $144.13 per share, with a total value of $15,634,645.88.
  • On Monday, December 16th, Patrick Whitesell bought 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 shares were purchased at an average price 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 bought at an average price of $142.03 per share, with a total value of $4,452,924.56.

TKO Group Stock Down 1.2 %

TKO stock traded down $1.74 during midday trading on Wednesday, hitting $142.80. The company’s stock had a trading volume of 682,188 shares, compared to its average volume of 731,453. The firm has a 50-day simple moving average of $140.00 and a 200-day simple moving average of $125.27. 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 52-week low of $78.69 and a 52-week high of $149.40. The firm has a market capitalization of $24.39 billion, a P/E ratio of -339.99 and a beta of 1.07.

TKO Group (NYSE:TKOGet Free Report) last released 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). The company had revenue of $681.20 million for the quarter, compared to analyst estimates of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The firm’s revenue for the quarter was up 51.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 EPS. As a group, equities analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

Institutional Trading of TKO Group

A number of hedge funds have recently added to or reduced their stakes in TKO. Blue Trust Inc. lifted its position in shares of TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after acquiring an additional 89 shares during the period. Geneos Wealth Management Inc. purchased a new position in TKO Group during the fourth quarter worth about $32,000. First Horizon Advisors Inc. increased its stake in shares of TKO Group by 491.5% during the 3rd 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. UMB Bank n.a. boosted its position in shares of TKO Group by 72.8% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after acquiring an additional 115 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in TKO Group by 39.4% in the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after purchasing an additional 109 shares during the period. 89.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TKO has been the subject of a number of recent research reports. Guggenheim lifted their price objective on shares of TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Pivotal Research increased their price objective on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. raised their price target on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Roth Mkm raised their target price 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. Finally, The Goldman Sachs Group increased their price objective on shares of TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, TKO Group has an average rating of “Moderate Buy” and a consensus target price of $139.29.

Check Out Our Latest Research Report on TKO Group

About TKO Group

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for TKO Group (NYSE:TKO)

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