TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Acquires $29,523,147.39 in Stock

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) major shareholder Patrick Whitesell bought 177,861 shares of the company's stock in a transaction dated Friday, February 7th. The shares were purchased at an average price of $165.99 per share, with a total value of $29,523,147.39. Following the transaction, the insider now 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 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 acquired 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 acquired 94,161 shares of TKO Group stock. The shares were purchased 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 purchased at an average cost of $156.79 per share, with a total value of $12,662,046.82.
• On Wednesday, January 29th, Patrick Whitesell purchased 99,996 shares of TKO Group stock. The shares were 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 purchased 89,234 shares of TKO Group stock. The shares were bought at an average cost 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 cost of $150.92 per share, with a total value of $18,254,981.36.
• On Tuesday, January 21st, Patrick Whitesell purchased 108,476 shares of TKO Group stock. The shares were bought at an average cost 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, 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 acquired at an average cost of $146.97 per share, with a total value of $38,682,504.00.
• On Friday, December 13th, Patrick Whitesell purchased 245,887 shares of TKO Group stock. The shares were purchased at an average cost of $142.45 per share, with a total value of $35,026,603.15.

TKO Group Trading Up 1.4 %

Shares of NYSE:TKO traded up $2.50 during midday trading on Tuesday, reaching $175.61. The company's stock had a trading volume of 1,194,956 shares, compared to its average volume of 931,961. The firm has a market capitalization of $29.99 billion, a price-to-earnings ratio of -418.55 and a beta of 1.06. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a 50 day moving average price of $146.82 and a two-hundred day moving average price of $130.06. TKO Group Holdings, Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $178.13.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TKO. UBS Group lifted their price target on TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. Citigroup lifted their price objective on TKO Group from $137.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. The Goldman Sachs Group lifted their price objective 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. lifted their price objective on TKO Group from $137.00 to $158.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Finally, Pivotal Research lifted their price objective on TKO Group from $145.00 to $165.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $148.08.

Institutional Trading of TKO Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TKO. AQR Capital Management LLC bought a new stake in TKO Group during the 2nd quarter worth approximately $232,000. Creative Planning increased its holdings in TKO Group by 8.9% during the 2nd quarter. Creative Planning now owns 9,985 shares of the company's stock worth $1,078,000 after purchasing an additional 816 shares in the last quarter. Truist Financial Corp increased its holdings in TKO Group by 4.9% during the 2nd quarter. Truist Financial Corp now owns 5,278 shares of the company's stock worth $570,000 after purchasing an additional 248 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of TKO Group in the second quarter valued at approximately $524,000. Finally, Handelsbanken Fonder AB grew its holdings in shares of TKO Group by 33.8% in the third quarter. Handelsbanken Fonder AB now owns 14,237 shares of the company's stock valued at $1,761,000 after acquiring an additional 3,600 shares in the last quarter. 89.79% of the stock is owned by institutional investors.

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.