TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Patrick Whitesell Purchases 81,019 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell acquired 81,019 shares of TKO Group stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average cost of $159.72 per share, with a total value of $12,940,354.68. Following the purchase, the insider now owns 1,938,135 shares of the company’s stock, valued at $309,558,922.20. This represents a 4.36 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 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, February 7th, Patrick Whitesell purchased 177,861 shares of TKO Group stock. The stock was purchased at an average cost of $165.99 per share, with a total value of $29,523,147.39.
• On Monday, February 3rd, Patrick Whitesell purchased 94,161 shares of TKO Group stock. The stock was purchased at an average cost of $157.79 per share, for a total transaction of $14,857,664.19.
• On Friday, January 31st, Patrick Whitesell acquired 80,758 shares of TKO Group stock. The shares were acquired 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, for a total transaction of $15,659,373.60.
• On Monday, January 27th, Patrick Whitesell acquired 89,234 shares of TKO Group stock. The shares were 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 bought 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 purchased 108,476 shares of TKO Group stock. The stock was bought at an average cost 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 shares were 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 stock was bought at an average price of $146.97 per share, with a total value of $38,682,504.00.
• On Friday, December 13th, Patrick Whitesell purchased 245,887 shares of TKO Group stock. The shares were purchased at an average price of $142.45 per share, for a total transaction of $35,026,603.15.

TKO Group Trading Up 3.4 %

TKO stock opened at $166.69 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The firm’s 50-day moving average price is $146.05 and its two-hundred day moving average price is $129.28. TKO Group Holdings, Inc. has a 12-month low of $78.69 and a 12-month high of $168.25.

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

Hedge Funds Weigh In On TKO Group

Several hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC lifted its stake in TKO Group by 559.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock worth $26,000 after acquiring an additional 151 shares during the period. Blue Trust Inc. increased its position in TKO Group by 52.4% during the 3rd 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 period. Geneos Wealth Management Inc. bought a new position in TKO Group in the 4th quarter worth $32,000. First Horizon Advisors Inc. lifted its position in shares of TKO Group by 491.5% in the 3rd 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 period. Finally, Game Plan Financial Advisors LLC boosted its stake in shares of TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after purchasing an additional 155 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. TD Cowen increased their price objective on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. increased their price target on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Citigroup boosted their price objective on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. The Goldman Sachs Group increased their target price on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, UBS Group lifted 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. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $148.08.

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.