Patrick Whitesell Purchases 99,996 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell purchased 99,996 shares of TKO Group stock in a transaction dated Wednesday, January 29th. The stock was bought at an average price of $156.60 per share, with a total value of $15,659,373.60. Following the acquisition, the insider now directly owns 1,539,589 shares of the company’s stock, valued at approximately $241,099,637.40. This trade represents a 6.95 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 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 Monday, January 27th, Patrick Whitesell purchased 89,234 shares of TKO Group stock. The stock was purchased 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 cost of $150.92 per share, for a total transaction of $18,254,981.36.
• On Tuesday, January 21st, Patrick Whitesell acquired 108,476 shares of TKO Group stock. The shares were purchased at an average price of $144.13 per share, for a total transaction of $15,634,645.88.
• On Friday, January 17th, Patrick Whitesell purchased 125,589 shares of TKO Group stock. The stock was bought at an average price 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 shares were 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 acquired 245,887 shares of TKO Group stock. The stock was purchased at an average cost of $142.45 per share, for a total transaction of $35,026,603.15.
• On Wednesday, December 11th, Patrick Whitesell bought 31,352 shares of TKO Group stock. The shares were bought at an average price of $142.03 per share, for a total transaction of $4,452,924.56.

TKO Group Stock Up 0.3 %

Shares of TKO traded up $0.52 during midday trading on Thursday, reaching $157.44. 501,395 shares of the stock were exchanged, compared to its average volume of 822,283. TKO Group Holdings, Inc. has a 52 week low of $78.69 and a 52 week high of $159.72. 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 company’s 50 day moving average is $143.36 and its two-hundred day moving average is $127.02. The company has a market capitalization of $26.89 billion, a P/E ratio of -374.85 and a beta of 1.07.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $681.20 million for the quarter, compared to the consensus estimate of $665.12 million. During the same period in the previous year, the business earned $0.52 EPS. TKO Group’s revenue for the quarter was up 51.7% compared to the same quarter last year. On average, sell-side analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Park Avenue Securities LLC lifted its position in TKO Group by 59.2% during the fourth quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock worth $1,848,000 after buying an additional 4,836 shares in the last quarter. Retirement Systems of Alabama lifted its position in TKO Group by 11.0% during the third quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock worth $9,984,000 after buying an additional 8,006 shares in the last quarter. HighTower Advisors LLC lifted its position in TKO Group by 177.2% during the third quarter. HighTower Advisors LLC now owns 26,197 shares of the company’s stock worth $3,225,000 after buying an additional 16,746 shares in the last quarter. Petrus Trust Company LTA purchased a new position in TKO Group during the third quarter worth approximately $597,000. Finally, Principal Financial Group Inc. lifted its position in TKO Group by 1.1% during the third quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock worth $154,185,000 after buying an additional 13,148 shares in the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TKO has been the subject of several recent analyst reports. Roth Mkm upped their target price on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group increased their price target on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. UBS Group increased their target price on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Benchmark downgraded shares of TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $144.77.

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.