TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Patrick Whitesell Acquires 245,887 Shares

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell acquired 245,887 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was acquired at an average price of $142.45 per share, for a total transaction of $35,026,603.15. Following the completion of the purchase, the insider now directly owns 1,825,030 shares of the company’s stock, valued at $259,975,523.50. This trade represents a 15.57 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 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 Wednesday, December 11th, Patrick Whitesell bought 31,352 shares of TKO Group stock. The stock was acquired at an average cost of $142.03 per share, for a total transaction of $4,452,924.56.

TKO Group Price Performance

TKO Group stock traded down $1.47 during trading hours on Friday, hitting $141.96. 855,172 shares of the stock were exchanged, compared to its average volume of 1,047,224. The stock has a market capitalization of $24.24 billion, a P/E ratio of -338.00 and a beta of 1.09. The business’s 50-day moving average is $128.24 and its two-hundred day moving average is $118.28. 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 Holdings, Inc. has a 12 month low of $74.25 and a 12 month high of $145.69.

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

Institutional Investors Weigh In On TKO Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Ninety One UK Ltd grew its position in shares of TKO Group by 15.9% during the 2nd quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock worth $439,004,000 after buying an additional 557,444 shares during the period. Darlington Partners Capital Management LP grew its holdings in TKO Group by 3.1% during the 2nd quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock worth $331,065,000 after acquiring an additional 90,868 shares during the period. State Street Corp raised its position in shares of TKO Group by 10.4% during the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock valued at $253,966,000 after acquiring an additional 192,602 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of TKO Group by 9.5% in the 2nd quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock valued at $194,467,000 after purchasing an additional 155,940 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of TKO Group by 29.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock valued at $210,892,000 after purchasing an additional 383,869 shares during the period. Institutional investors own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TKO shares. JPMorgan Chase & Co. boosted their target price on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday. Roth Mkm upped their price objective on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group increased their target price on shares of TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. TD Cowen raised their price objective on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Finally, Pivotal Research lifted their price objective on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, TKO Group presently 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.