Patrick Whitesell Acquires 31,352 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell purchased 31,352 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average price of $142.03 per share, with a total value of $4,452,924.56. Following the completion of the acquisition, the insider now owns 1,674,322 shares of the company’s stock, valued at $237,803,953.66. This trade represents a 1.91 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more 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, December 13th, Patrick Whitesell bought 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.

TKO Group Stock Performance

Shares of TKO Group stock traded down $1.47 during midday trading on Friday, hitting $141.96. The company had a trading volume of 855,172 shares, compared to its average volume of 1,047,224. The stock has a market cap of $24.24 billion, a PE ratio of -338.00 and a beta of 1.09. TKO Group Holdings, Inc. has a 1-year low of $74.25 and a 1-year high of $145.69. The business’s 50 day simple moving average is $128.24 and its two-hundred day simple moving average is $118.28. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.28). TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The company had revenue of $681.20 million for the quarter, compared to the consensus estimate of $665.12 million. During the same quarter in the previous year, the firm posted $0.52 EPS. The business’s revenue for the quarter was up 51.7% compared to the same quarter last year. As a group, equities analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its position in shares of TKO Group by 267.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,320,859 shares of the company’s stock worth $142,640,000 after buying an additional 961,880 shares during the period. Ninety One UK Ltd raised its position in shares of TKO Group by 15.9% during the second quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock worth $439,004,000 after acquiring an additional 557,444 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of TKO Group by 59.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock worth $119,940,000 after buying an additional 362,460 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of TKO Group by 1,439.7% in the 2nd quarter. American Century Companies Inc. now owns 307,405 shares of the company’s stock valued at $33,197,000 after purchasing an additional 287,440 shares during the period. Finally, State Street Corp boosted its stake in TKO Group by 10.4% during the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after acquiring an additional 192,602 shares during the last quarter. 89.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

TKO has been the subject of several recent research reports. Bank of America initiated coverage on TKO Group in a report on Tuesday, August 20th. They set a “buy” rating and a $140.00 price objective for the company. Guggenheim lifted their price target on TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 30th. TD Cowen increased their price objective on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Pivotal Research lifted their target price on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Roth Mkm boosted their target price on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, TKO Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.93.

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.