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

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell acquired 177,861 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average cost of $165.99 per share, with a total value of $29,523,147.39. Following the purchase, the insider now directly owns 2,188,966 shares of the company’s stock, valued at $363,346,466.34. This trade represents a 8.84 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 Wednesday, February 5th, Patrick Whitesell acquired 81,019 shares of TKO Group stock. The shares were acquired at an average cost of $159.72 per share, with a total value of $12,940,354.68.
• On Monday, February 3rd, Patrick Whitesell bought 94,161 shares of TKO Group stock. The stock was bought at an average cost of $157.79 per share, for a total transaction of $14,857,664.19.
• 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, for a total transaction 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, 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 purchased at an average price of $153.18 per share, for a total transaction of $13,668,864.12.
• On Thursday, January 23rd, Patrick Whitesell acquired 120,958 shares of TKO Group stock. The shares were purchased at an average price of $150.92 per share, for a total transaction of $18,254,981.36.
• On Tuesday, January 21st, Patrick Whitesell bought 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 purchased 125,589 shares of TKO Group stock. The shares were acquired at an average price of $143.06 per share, for a total transaction 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 bought 245,887 shares of TKO Group stock. The stock was acquired at an average price of $142.45 per share, for a total transaction of $35,026,603.15.

TKO Group Trading Up 3.4 %

Shares of NYSE TKO traded up $5.48 during midday trading on Friday, hitting $166.69. 2,463,709 shares of the company traded hands, compared to its average volume of 883,495. TKO Group Holdings, Inc. has a 12-month low of $78.69 and a 12-month high of $168.25. The firm has a market cap of $28.47 billion, a P/E ratio of -396.88 and a beta of 1.06. The stock has a 50-day moving average price of $146.05 and a 200 day moving average price of $129.28. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17.

TKO Group (NYSE:TKO) last posted its earnings results 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). The firm had revenue of $681.20 million for the quarter, compared to analysts’ expectations of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The firm’s revenue was up 51.7% on a year-over-year basis. During the same quarter last year, the company posted $0.52 EPS. As a group, analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TKO shares. The Goldman Sachs Group raised their price objective on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Pivotal Research lifted 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. Benchmark downgraded TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their target price 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. Finally, Citigroup upped their price target on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.08.

Institutional Investors Weigh In On TKO Group

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

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.