Patrick Whitesell Purchases 120,958 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell acquired 120,958 shares of TKO Group stock in a transaction on Thursday, January 23rd. The shares were bought at an average cost of $150.92 per share, with a total value of $18,254,981.36. Following the completion of the transaction, the insider now owns 1,152,762 shares of the company’s stock, valued at approximately $173,974,841.04. This trade represents a 11.72 % increase in their ownership of the stock. The purchase was disclosed in a legal filing 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 Monday, January 27th, Patrick Whitesell acquired 89,234 shares of TKO Group stock. The shares were bought at an average price of $153.18 per share, for a total transaction of $13,668,864.12.
• On Tuesday, January 21st, Patrick Whitesell acquired 108,476 shares of TKO Group stock. The shares were 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 acquired at an average cost of $143.06 per share, with a total value of $17,966,762.34.
• On Monday, December 16th, Patrick Whitesell bought 263,200 shares of TKO Group stock. The stock was acquired 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 stock was bought at an average cost of $142.45 per share, with a total value of $35,026,603.15.
• On Wednesday, December 11th, Patrick Whitesell purchased 31,352 shares of TKO Group stock. The shares were bought at an average cost of $142.03 per share, for a total transaction of $4,452,924.56.

TKO Group Stock Up 0.2 %

Shares of TKO traded up $0.37 on Monday, reaching $153.45. The stock had a trading volume of 771,592 shares, compared to its average volume of 825,330. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. TKO Group Holdings, Inc. has a 12-month low of $78.69 and a 12-month high of $154.25. The firm has a market capitalization of $26.20 billion, a price-to-earnings ratio of -365.35 and a beta of 1.07. The company has a 50-day simple moving average of $141.92 and a 200-day simple moving average of $126.27.

TKO Group (NYSE:TKO) last posted its quarterly earnings results 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 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 company earned $0.52 EPS. The business’s quarterly revenue was up 51.7% on a year-over-year basis. Sell-side analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

Institutional Investors Weigh In On TKO Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Ninety One UK Ltd lifted its position in TKO Group by 4.1% in the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock valued at $589,985,000 after acquiring an additional 163,980 shares in the last quarter. Darlington Partners Capital Management LP lifted its stake in TKO Group by 3.1% during the 2nd quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock valued at $331,065,000 after acquiring an additional 90,868 shares during the period. State Street Corp lifted its stake in TKO Group by 10.4% during the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock valued at $253,966,000 after acquiring an additional 192,602 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of TKO Group by 9.5% during the 2nd quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock valued at $194,467,000 after acquiring an additional 155,940 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of TKO Group by 29.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock worth $210,892,000 after acquiring an additional 383,869 shares during the period. Institutional investors own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TKO. The Goldman Sachs Group raised their price objective on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday. 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. Citigroup boosted their target price 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 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 note on Wednesday, October 16th. Finally, UBS Group boosted their price target on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, TKO Group has an average rating of “Moderate Buy” and a consensus target price of $141.21.

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.