TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Patrick Whitesell Buys 81,019 Shares

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) major shareholder Patrick Whitesell bought 81,019 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average cost of $159.72 per share, for a total transaction of $12,940,354.68. Following the completion of the purchase, the insider now directly owns 1,938,135 shares of the company's stock, valued at $309,558,922.20. The trade was a 4.36 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

Patrick Whitesell also recently made the following trade(s):

• On Friday, February 7th, Patrick Whitesell bought 177,861 shares of TKO Group stock. The stock was acquired at an average cost of $165.99 per share, for a total transaction of $29,523,147.39.
• On Monday, February 3rd, Patrick Whitesell bought 94,161 shares of TKO Group stock. The stock was acquired at an average cost of $157.79 per share, for a total transaction of $14,857,664.19.
• On Friday, January 31st, Patrick Whitesell bought 80,758 shares of TKO Group stock. The stock was acquired at an average cost of $156.79 per share, for a total transaction of $12,662,046.82.
• On Wednesday, January 29th, Patrick Whitesell acquired 99,996 shares of TKO Group stock. The stock was bought at an average price of $156.60 per share, with a total value of $15,659,373.60.
• On Monday, January 27th, Patrick Whitesell acquired 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 acquired 120,958 shares of TKO Group stock. The stock was 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 acquired 108,476 shares of TKO Group stock. The stock was bought at an average price of $144.13 per share, with a total value of $15,634,645.88.
• On Friday, January 17th, Patrick Whitesell bought 125,589 shares of TKO Group stock. The shares were acquired at an average price 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 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 bought 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.

TKO Group Price Performance

TKO Group stock traded up $2.50 during mid-day trading on Tuesday, hitting $175.61. The 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 P/E ratio of -418.55 and a beta of 1.06. 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's 50 day moving average is $146.82 and its 200 day moving average is $130.06. TKO Group Holdings, Inc. has a one year low of $78.69 and a one year high of $178.13.

Institutional Trading of TKO Group

Several hedge funds have recently bought and sold shares of the stock. Ninety One UK Ltd raised its position in shares of TKO Group by 4.1% during the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company's stock valued at $589,985,000 after buying an additional 163,980 shares in the last quarter. State Street Corp grew its stake in TKO Group by 10.4% in the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company's stock worth $253,966,000 after acquiring an additional 192,602 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of TKO Group by 29.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company's stock valued at $210,892,000 after purchasing an additional 383,869 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of TKO Group by 1.1% during the third quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company's stock valued at $154,185,000 after purchasing an additional 13,148 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of TKO Group by 7.4% during the third quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company's stock valued at $153,931,000 after purchasing an additional 85,160 shares in the last quarter. Hedge funds and other institutional investors own 89.79% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TKO shares. Benchmark lowered shares of TKO Group from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. UBS Group boosted their price objective on shares of TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. Citigroup boosted their price objective on shares of TKO Group from $137.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. TD Cowen boosted their price objective 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. Finally, Pivotal Research boosted their price objective 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. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, TKO Group currently has an average 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.