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

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) major shareholder Patrick Whitesell purchased 80,758 shares of the business's stock in a transaction on 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 purchase, the insider now directly owns 1,686,368 shares in the company, valued at $264,405,638.72. This represents a 5.03 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 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 Friday, February 7th, Patrick Whitesell acquired 177,861 shares of TKO Group stock. The shares were bought at an average cost of $165.99 per share, for a total transaction of $29,523,147.39.
• On Wednesday, February 5th, Patrick Whitesell purchased 81,019 shares of TKO Group stock. The shares were purchased at an average cost of $159.72 per share, with a total value of $12,940,354.68.
• On Monday, February 3rd, Patrick Whitesell bought 94,161 shares of TKO Group stock. The stock was purchased at an average price of $157.79 per share, for a total transaction of $14,857,664.19.
• On Wednesday, January 29th, Patrick Whitesell acquired 99,996 shares of TKO Group stock. The stock was acquired at an average price 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 shares were acquired at an average price of $153.18 per share, with a total value of $13,668,864.12.
• On Thursday, January 23rd, Patrick Whitesell purchased 120,958 shares of TKO Group stock. The shares were bought at an average price of $150.92 per share, with a total value of $18,254,981.36.
• On Tuesday, January 21st, Patrick Whitesell bought 108,476 shares of TKO Group stock. The stock was purchased at an average price of $144.13 per share, with a total value of $15,634,645.88.
• On Friday, January 17th, Patrick Whitesell acquired 125,589 shares of TKO Group stock. The stock was acquired at an average cost of $143.06 per share, for a total transaction of $17,966,762.34.
• On Monday, December 16th, Patrick Whitesell bought 263,200 shares of TKO Group stock. The stock was purchased at an average price of $146.97 per share, for a total transaction of $38,682,504.00.
• On Friday, December 13th, Patrick Whitesell purchased 245,887 shares of TKO Group stock. The stock was purchased at an average cost of $142.45 per share, with a total value of $35,026,603.15.

TKO Group Price Performance

Shares of TKO Group stock traded up $5.48 during mid-day trading on Friday, reaching $166.69. 2,463,709 shares of the stock were exchanged, compared to its average volume of 798,429. TKO Group Holdings, Inc. has a fifty-two week low of $78.69 and a fifty-two week 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 firm has a 50-day simple moving average of $146.05 and a 200 day simple moving average of $129.28. The company has a market cap of $28.47 billion, a price-to-earnings ratio of -396.88 and a beta of 1.06.

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TKO Group (NYSE:TKO - Get Free Report) last released 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 business had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. During the same quarter in the prior year, the company earned $0.52 EPS. TKO Group's quarterly revenue was up 51.7% on a year-over-year basis. On average, sell-side analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Institutional Trading of TKO Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its stake in shares of TKO Group by 559.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock valued at $26,000 after buying an additional 151 shares during the period. Blue Trust Inc. boosted its holdings 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 acquiring an additional 89 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of TKO Group in the fourth quarter valued at about $32,000. First Horizon Advisors Inc. boosted its stake in shares of TKO Group by 491.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company's stock worth $34,000 after buying an additional 231 shares during the last quarter. Finally, Game Plan Financial Advisors LLC lifted its holdings in TKO Group by 172.2% during the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock worth $35,000 after acquiring an additional 155 shares during the period. Institutional investors own 89.79% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. UBS Group increased their price objective on shares of TKO Group from $135.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. The Goldman Sachs Group raised their price target on TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a report on Friday, January 24th. 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 report on Thursday, December 12th. Pivotal Research lifted their target price on shares of TKO Group from $145.00 to $165.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Finally, Roth Mkm increased their price objective 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. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.