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

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell purchased 94,161 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were purchased at an average cost of $157.79 per share, with a total value of $14,857,664.19. Following the transaction, the insider now directly owns 1,780,529 shares in the company, valued at $280,949,670.91. This trade represents a 5.58 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% 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 acquired 80,758 shares of TKO Group stock. The shares were purchased 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 shares were acquired at an average price 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 stock was acquired at an average price 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 shares were acquired at an average price of $150.92 per share, with a total value 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 price of $144.13 per share, for a total transaction of $15,634,645.88.
• On Friday, January 17th, Patrick Whitesell acquired 125,589 shares of TKO Group stock. The stock was 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 purchased 263,200 shares of TKO Group stock. The shares were 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 acquired 245,887 shares of TKO Group stock. The stock was bought at an average price of $142.45 per share, with a total value of $35,026,603.15.
• On Wednesday, December 11th, Patrick Whitesell bought 31,352 shares of TKO Group stock. The shares were purchased at an average price of $142.03 per share, for a total transaction of $4,452,924.56.

TKO Group Price Performance

NYSE TKO opened at $161.29 on Friday. TKO Group Holdings, Inc. has a one year low of $78.69 and a one year high of $161.47. The stock has a 50-day moving average of $145.48 and a 200 day moving average of $128.86. 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 company has a market capitalization of $27.54 billion, a price-to-earnings ratio of -384.02 and a beta of 1.06.

TKO Group (NYSE:TKO) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $665.12 million. During the same period in the previous year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was up 51.7% on a year-over-year basis. On average, sell-side analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TKO shares. Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. 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 research note on Thursday, December 12th. Pivotal Research boosted their price objective on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Citigroup raised their target price on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, Roth Mkm boosted their price target on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.08.

Institutional Investors Weigh In On TKO Group

Hedge funds have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its stake in shares of TKO Group by 559.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock worth $26,000 after buying an additional 151 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in TKO Group in the fourth quarter worth about $32,000. Game Plan Financial Advisors LLC grew 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 during the period. Blue Trust Inc. increased its position in shares of 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 last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of TKO Group in the 4th quarter worth approximately $38,000. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

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.