Patrick Whitesell Purchases 94,161 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell acquired 94,161 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were acquired at an average price of $157.79 per share, with a total value of $14,857,664.19. Following the completion of the transaction, the insider now directly owns 1,780,529 shares in the company, valued at approximately $280,949,670.91. This trade represents a 5.58 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, January 31st, Patrick Whitesell purchased 80,758 shares of TKO Group stock. The stock was 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 acquired 99,996 shares of TKO Group stock. The shares were bought at an average cost 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 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 purchased 120,958 shares of TKO Group stock. The shares were bought at an average price 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 cost 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 stock was purchased at an average cost of $143.06 per share, for a total transaction of $17,966,762.34.
• On Monday, December 16th, Patrick Whitesell purchased 263,200 shares of TKO Group stock. The shares were purchased at an average price of $146.97 per share, with a total value 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 price 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 stock was acquired at an average cost of $142.03 per share, with a total value of $4,452,924.56.

TKO Group Price Performance

Shares of TKO Group stock opened at $161.15 on Thursday. 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 company has a market cap of $27.52 billion, a PE ratio of -383.68 and a beta of 1.06. The firm has a fifty day moving average price of $145.02 and a two-hundred day moving average price of $128.63. TKO Group Holdings, Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $161.27.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share 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 company had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. During the same quarter in the previous year, the business posted $0.52 EPS. The firm’s quarterly revenue was up 51.7% on a year-over-year basis. Analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

Institutional Trading of TKO Group

A number of hedge funds have recently modified their holdings of TKO. Smartleaf Asset Management LLC raised its stake in shares of TKO Group by 559.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after purchasing an additional 151 shares in the last quarter. Blue Trust Inc. increased its holdings in TKO Group by 52.4% in the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after buying an additional 89 shares during the period. Geneos Wealth Management Inc. bought a new position in shares of TKO Group during the 4th quarter worth about $32,000. First Horizon Advisors Inc. boosted its position in shares of TKO Group by 491.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after acquiring an additional 231 shares in the last quarter. Finally, Game Plan Financial Advisors LLC increased its stake in TKO Group by 172.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after acquiring an additional 155 shares during the period. Institutional investors own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TKO. The Goldman Sachs Group lifted their price objective on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. boosted their price target on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Citigroup increased 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. Pivotal Research upped their target price on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, TD Cowen lifted their price target on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $144.77.

About TKO Group

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.