Patrick Whitesell Acquires 263,200 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell bought 263,200 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the transaction, the insider now owns 418,587 shares in the company, valued at approximately $61,519,731.39. This trade represents a 169.38 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 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 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, 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 acquired at an average price of $142.03 per share, for a total transaction of $4,452,924.56.

TKO Group Price Performance

TKO Group stock opened at $143.79 on Friday. The company has a market cap of $24.55 billion, a P/E ratio of -342.36 and a beta of 1.09. TKO Group Holdings, Inc. has a one year low of $75.35 and a one year high of $149.40. The business has a fifty day moving average of $129.70 and a two-hundred day moving average of $119.30. 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 announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 EPS 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 analyst estimates of $665.12 million. During the same quarter last year, the business 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 predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TKO Group

Institutional investors have recently modified their holdings of the company. Blue Trust Inc. raised its holdings in TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after purchasing an additional 89 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of TKO Group by 491.5% in the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after buying an additional 231 shares in the last quarter. Signaturefd LLC raised its stake in shares of TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after buying an additional 109 shares during the last quarter. Quarry LP purchased a new stake in shares of TKO Group in the 2nd quarter worth about $51,000. Finally, International Assets Investment Management LLC grew its stake in TKO Group by 12,275.0% in the 3rd quarter. International Assets Investment Management LLC now owns 495 shares of the company’s stock valued at $61,000 after acquiring an additional 491 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

TKO has been the subject of a number of recent research reports. Guggenheim increased their price target on shares of TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Pivotal Research increased their target price 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. The Goldman Sachs Group boosted their price target on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Roth Mkm increased their price objective on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, TKO Group presently has an average rating of “Moderate Buy” and an average price target of $136.79.

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.