Insider Buying: TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Purchases $14,857,664.19 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell bought 94,161 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were acquired at an average cost of $157.79 per share, with a total value of $14,857,664.19. Following the completion of the transaction, the insider now owns 1,780,529 shares in the company, valued at approximately $280,949,670.91. The trade was a 5.58 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 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 bought at an average price of $156.79 per share, with a total value of $12,662,046.82.
• On Wednesday, January 29th, Patrick Whitesell bought 99,996 shares of TKO Group stock. The stock was bought at an average price of $156.60 per share, for a total transaction of $15,659,373.60.
• On Monday, January 27th, Patrick Whitesell purchased 89,234 shares of TKO Group stock. The stock was bought at an average cost of $153.18 per share, for a total transaction of $13,668,864.12.
• On Thursday, January 23rd, Patrick Whitesell acquired 120,958 shares of TKO Group stock. The shares were purchased at an average cost 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 shares were purchased at an average cost 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 purchased at an average cost of $143.06 per share, with a total value of $17,966,762.34.
• On Monday, December 16th, Patrick Whitesell acquired 263,200 shares of TKO Group stock. The shares were acquired at an average cost of $146.97 per share, for a total transaction of $38,682,504.00.
• On Friday, December 13th, Patrick Whitesell purchased 245,887 shares of TKO Group stock. The stock was acquired at an average cost of $142.45 per share, for a total transaction of $35,026,603.15.
• On Wednesday, December 11th, Patrick Whitesell acquired 31,352 shares of TKO Group stock. The stock was acquired at an average cost of $142.03 per share, with a total value of $4,452,924.56.

TKO Group Stock Performance

TKO Group stock opened at $161.29 on Friday. TKO Group Holdings, Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $161.47. The firm’s fifty day moving average price is $145.48 and its 200-day moving average price is $128.86. The stock has a market cap of $27.54 billion, a P/E ratio of -384.02 and a beta of 1.06. 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 issued its quarterly earnings results 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 firm had revenue of $681.20 million for the quarter, compared to the consensus estimate of $665.12 million. During the same period last year, the firm earned $0.52 EPS. The company’s revenue for the quarter was up 51.7% on a year-over-year basis. On average, equities research analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. TD Cowen increased their target price on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Citigroup increased their price objective on 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 lifted their target price on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. UBS Group increased their price target on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $148.08.

Institutional Investors Weigh In On TKO Group

A number of hedge funds have recently made changes to their positions in the business. Ninety One UK Ltd grew its holdings in shares of TKO Group by 4.1% during the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock valued at $589,985,000 after purchasing an additional 163,980 shares during the last quarter. State Street Corp boosted its position in TKO Group by 10.4% during the third quarter. State Street Corp now owns 2,052,916 shares of the company’s stock valued at $253,966,000 after buying an additional 192,602 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of TKO Group by 29.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock valued at $210,892,000 after buying an additional 383,869 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of TKO Group by 1.1% in the third quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock worth $154,185,000 after buying an additional 13,148 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of TKO Group by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company’s stock valued at $153,931,000 after acquiring an additional 85,160 shares during the last quarter. 89.79% of the stock is currently owned by 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.