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

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

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

• On Wednesday, February 5th, Patrick Whitesell bought 81,019 shares of TKO Group stock. The shares were bought at an average price of $159.72 per share, for a total transaction of $12,940,354.68.
• On Monday, February 3rd, Patrick Whitesell purchased 94,161 shares of TKO Group stock. The stock was bought at an average cost of $157.79 per share, with a total value of $14,857,664.19.
• On Friday, January 31st, Patrick Whitesell acquired 80,758 shares of TKO Group stock. The shares were bought at an average cost 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 stock was 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 acquired 89,234 shares of TKO Group stock. The stock was purchased at an average cost of $153.18 per share, with a total value of $13,668,864.12.
• On Thursday, January 23rd, Patrick Whitesell bought 120,958 shares of TKO Group stock. The shares were purchased at an average cost of $150.92 per share, for a total transaction 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 cost of $144.13 per share, with a total value of $15,634,645.88.
• On Friday, January 17th, Patrick Whitesell purchased 125,589 shares of TKO Group stock. The shares were 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 stock was acquired at an average price 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 price of $142.45 per share, for a total transaction of $35,026,603.15.

TKO Group Price Performance

NYSE:TKO opened at $166.69 on Friday. TKO Group Holdings, Inc. has a 12-month low of $78.69 and a 12-month high of $168.25. 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 stock has a fifty day moving average price of $146.05 and a 200 day moving average price of $129.28.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.28). TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The company had revenue of $681.20 million during the quarter, compared to analysts’ expectations of $665.12 million. During the same quarter in the previous year, the business posted $0.52 EPS. The business’s quarterly revenue was up 51.7% compared to the same quarter last year. Equities analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its position in shares of TKO Group by 29.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock valued at $210,892,000 after purchasing an additional 383,869 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in TKO Group by 59.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock valued at $119,940,000 after buying an additional 362,460 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in TKO Group in the fourth quarter valued at $33,922,000. State Street Corp lifted its holdings in TKO Group by 10.4% during the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after buying an additional 192,602 shares during the last quarter. Finally, Ninety One UK Ltd boosted its position in shares of 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 acquiring an additional 163,980 shares in the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TKO. Benchmark downgraded TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Roth Mkm lifted 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. TD Cowen upped 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. Pivotal Research lifted their target price on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. upped their price target on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $148.08.

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.