TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Patrick Whitesell Buys 80,758 Shares

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell acquired 80,758 shares of TKO Group stock in a transaction dated Friday, January 31st. The shares were bought at an average price of $156.79 per share, for a total transaction of $12,662,046.82. Following the transaction, the insider now owns 1,686,368 shares of the company’s stock, valued at approximately $264,405,638.72. The trade was a 5.03 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 Monday, February 3rd, Patrick Whitesell acquired 94,161 shares of TKO Group stock. The shares were purchased at an average price of $157.79 per share, with a total value of $14,857,664.19.
• On Wednesday, January 29th, Patrick Whitesell acquired 99,996 shares of TKO Group stock. The shares were purchased at an average cost 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 bought 120,958 shares of TKO Group stock. The stock was 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 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 bought 125,589 shares of TKO Group stock. The shares were 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 stock was purchased at an average cost of $146.97 per share, for a total transaction of $38,682,504.00.
• On Friday, December 13th, Patrick Whitesell acquired 245,887 shares of TKO Group stock. The stock was acquired at an average cost of $142.45 per share, with a total value of $35,026,603.15.
• On Wednesday, December 11th, Patrick Whitesell acquired 31,352 shares of TKO Group stock. The shares were bought at an average price of $142.03 per share, for a total transaction of $4,452,924.56.

TKO Group Trading Up 0.3 %

Shares of TKO stock opened at $157.55 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group Holdings, Inc. has a twelve month low of $78.69 and a twelve month high of $159.72. The company’s 50-day moving average price is $144.56 and its 200-day moving average price is $128.40.

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 the consensus estimate 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 business 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 company posted $0.52 earnings per share. The company’s revenue was up 51.7% on a year-over-year basis. As a group, equities analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Institutional Investors Weigh In On TKO Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. increased its stake in TKO Group by 52.4% during 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 period. Geneos Wealth Management Inc. purchased a new position in TKO Group in the fourth quarter valued at $32,000. First Horizon Advisors Inc. boosted its position 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 worth $34,000 after acquiring an additional 231 shares in the last quarter. Game Plan Financial Advisors LLC increased its stake in 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 purchasing an additional 155 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in TKO Group by 72.8% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after acquiring an additional 115 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TKO has been the topic of a number of research analyst reports. Citigroup boosted their price objective 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. Roth Mkm raised their price target on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. UBS Group increased their price objective on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. upped their price target on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, TD Cowen boosted their price objective on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, TKO Group presently has an average rating of “Moderate Buy” and a consensus target price of $144.77.

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.