Insider Buying: TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Buys 125,589 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell bought 125,589 shares of the stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $143.06 per share, for a total transaction of $17,966,762.34. Following the purchase, 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 position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 Tuesday, January 21st, Patrick Whitesell acquired 108,476 shares of TKO Group stock. The shares were acquired at an average price of $144.13 per share, with a total value of $15,634,645.88.
• On Monday, December 16th, Patrick Whitesell acquired 263,200 shares of TKO Group stock. The shares were 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 acquired 245,887 shares of TKO Group stock. The shares were acquired at an average price 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 acquired at an average price of $142.03 per share, with a total value of $4,452,924.56.

TKO Group Price Performance

NYSE TKO opened at $142.80 on Thursday. The company has a 50 day simple moving average of $140.00 and a 200-day simple moving average of $125.27. 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 52-week low of $78.69 and a 52-week high of $149.40.

TKO Group (NYSE:TKO) last posted its quarterly 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 company had revenue of $681.20 million during the quarter, compared to analysts’ expectations of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. TKO Group’s revenue for the quarter was up 51.7% compared to the same quarter last year. During the same period last year, the company earned $0.52 earnings per share. Research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Citigroup raised their price objective on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. TD Cowen raised their target price 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. Roth Mkm raised their target price 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. Pivotal Research raised their target price on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Benchmark cut shares of TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, TKO Group has an average rating of “Moderate Buy” and an average target price of $139.29.

Hedge Funds Weigh In On TKO Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stonegate Investment Group LLC bought a new position in TKO Group during the fourth quarter valued at approximately $208,000. Pacer Advisors Inc. raised its position in TKO Group by 10.1% during the fourth quarter. Pacer Advisors Inc. now owns 55,318 shares of the company’s stock valued at $7,861,000 after acquiring an additional 5,094 shares in the last quarter. KBC Group NV raised its position in TKO Group by 56.7% during the fourth quarter. KBC Group NV now owns 2,912 shares of the company’s stock valued at $414,000 after acquiring an additional 1,054 shares in the last quarter. Blue Trust Inc. raised its position in TKO Group by 28.2% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $47,000 after acquiring an additional 73 shares in the last quarter. Finally, Stablepoint Partners LLC raised its position in TKO Group by 205.6% during the fourth quarter. Stablepoint Partners LLC now owns 5,743 shares of the company’s stock valued at $816,000 after acquiring an additional 3,864 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

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.