Patrick Whitesell Acquires 108,476 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell bought 108,476 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were bought at an average cost of $144.13 per share, for a total transaction of $15,634,645.88. Following the completion of the acquisition, the insider now directly owns 915,852 shares in the company, valued at approximately $132,001,748.76. This trade represents a 13.44 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% 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, January 17th, Patrick Whitesell acquired 125,589 shares of TKO Group stock. The shares were bought 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 stock was bought at an average price of $146.97 per share, for a total transaction of $38,682,504.00.
• On Friday, December 13th, Patrick Whitesell purchased 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 acquired 31,352 shares of TKO Group stock. The shares were purchased at an average price of $142.03 per share, with a total value of $4,452,924.56.

TKO Group Stock Performance

TKO opened at $153.06 on Friday. The company has a market cap of $26.14 billion, a price-to-earnings ratio of -364.44 and a beta of 1.07. The company’s fifty day moving average price is $141.35 and its two-hundred day moving average price is $125.74. TKO Group Holdings, Inc. has a 1-year low of $78.69 and a 1-year high of $154.25. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO) last announced its quarterly 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). The business had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. TKO Group’s revenue was up 51.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 EPS. On average, analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TKO has been the topic of a number of research analyst reports. 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 research report on Tuesday, December 17th. TD Cowen upped their target price on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group lifted their target price on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday. Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Guggenheim lifted their price objective on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, TKO Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.21.

Institutional Investors Weigh In On TKO Group

Institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. bought a new position in TKO Group during the 4th quarter valued at $32,000. Blue Trust Inc. raised its holdings in shares of TKO Group by 52.4% in the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after purchasing an additional 89 shares during the last quarter. UMB Bank n.a. lifted its position in shares of TKO Group by 72.8% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after purchasing an additional 115 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in TKO Group by 491.5% during the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after purchasing an additional 231 shares during the last quarter. Finally, Brooklyn Investment Group grew its position in TKO Group by 213.0% in the 4th quarter. Brooklyn Investment Group now owns 360 shares of the company’s stock worth $51,000 after purchasing an additional 245 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

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.