TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) major shareholder Patrick Whitesell acquired 156,446 shares of the stock in a transaction dated Tuesday, February 11th. The shares were bought at an average cost of $175.60 per share, with a total value of $27,471,917.60. Following the completion of the transaction, the insider now owns 2,461,668 shares of the company's stock, valued at approximately $432,268,900.80. This represents a 6.79 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more 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 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, with a total value of $29,523,147.39.
- On Wednesday, February 5th, Patrick Whitesell acquired 81,019 shares of TKO Group stock. The shares were bought 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 bought 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 bought 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 stock was acquired 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 stock was acquired 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 stock was acquired at an average cost 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 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 purchased at an average price 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 purchased at an average price of $146.97 per share, with a total value of $38,682,504.00.
TKO Group Price Performance
Shares of TKO traded up $1.11 during midday trading on Friday, reaching $175.60. The stock had a trading volume of 1,453,471 shares, compared to its average volume of 798,429. TKO Group Holdings, Inc. has a 52 week low of $78.69 and a 52 week high of $179.09. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The firm's 50 day moving average price is $149.62 and its 200-day moving average price is $131.80. The company has a market capitalization of $29.99 billion, a P/E ratio of -418.09 and a beta of 1.06.
Institutional Trading of TKO Group
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of TKO Group by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company's stock worth $949,449,000 after acquiring an additional 114,096 shares during the last quarter. Ninety One UK Ltd grew its stake in TKO Group by 4.1% in the fourth quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company's stock valued at $589,985,000 after purchasing an additional 163,980 shares in the last quarter. Independent Franchise Partners LLP grew its stake in TKO Group by 7.4% in the fourth quarter. Independent Franchise Partners LLP now owns 3,409,140 shares of the company's stock valued at $484,473,000 after purchasing an additional 235,420 shares in the last quarter. State Street Corp grew its stake in TKO Group by 10.4% in the third quarter. State Street Corp now owns 2,052,916 shares of the company's stock valued at $253,966,000 after purchasing an additional 192,602 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in TKO Group by 2.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,752,496 shares of the company's stock valued at $249,047,000 after purchasing an additional 47,768 shares in the last quarter. Institutional investors own 89.79% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on TKO. Benchmark cut TKO Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Pivotal Research upped their price target on TKO Group from $145.00 to $165.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Seaport Res Ptn cut TKO Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 11th. TD Cowen upped their price target on TKO Group from $140.00 to $143.00 and gave the stock a "buy" rating in a research note on Tuesday, October 29th. Finally, The Goldman Sachs Group upped their price target on TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Three research 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.
Read Our Latest Research Report on TKO
About TKO Group
(
Get Free Report)
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.
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