TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Buys $27,471,917.60 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell bought 156,446 shares of the stock in a transaction on Tuesday, February 11th. The shares were bought at an average cost of $175.60 per share, for a total transaction of $27,471,917.60. Following the purchase, the insider now owns 2,461,668 shares in the company, valued at $432,268,900.80. This trade represents a 6.79 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Patrick Whitesell also recently made the following trade(s):

• On Friday, February 7th, Patrick Whitesell acquired 177,861 shares of TKO Group stock. The stock was acquired at an average cost of $165.99 per share, for a total transaction of $29,523,147.39.
• On Wednesday, February 5th, Patrick Whitesell acquired 81,019 shares of TKO Group stock. The stock was acquired at an average cost of $159.72 per share, for a total transaction of $12,940,354.68.
• On Monday, February 3rd, Patrick Whitesell bought 94,161 shares of TKO Group stock. The stock was purchased at an average cost of $157.79 per share, for a total transaction of $14,857,664.19.
• On Friday, January 31st, Patrick Whitesell bought 80,758 shares of TKO Group stock. The stock was purchased at an average cost of $156.79 per share, for a total transaction of $12,662,046.82.
• On Wednesday, January 29th, Patrick Whitesell acquired 99,996 shares of TKO Group stock. The shares were bought at an average cost of $156.60 per share, for a total transaction of $15,659,373.60.
• On Monday, January 27th, Patrick Whitesell bought 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 stock was 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 acquired 108,476 shares of TKO Group stock. The stock was purchased at an average price of $144.13 per share, with a total value 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 price of $143.06 per share, with a total value of $17,966,762.34.
• On Monday, December 16th, Patrick Whitesell bought 263,200 shares of TKO Group stock. The shares were bought at an average price of $146.97 per share, with a total value of $38,682,504.00.

TKO Group Price Performance

NYSE TKO opened at $175.60 on Friday. The business has a 50 day simple moving average of $149.62 and a 200 day simple moving average of $131.65. TKO Group Holdings, Inc. has a 52-week low of $78.69 and a 52-week high of $179.09. 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 stock has a market cap of $29.99 billion, a price-to-earnings ratio of -418.09 and a beta of 1.06.

Hedge Funds Weigh In On TKO Group

Hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC grew its stake in shares of TKO Group by 559.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock worth $26,000 after acquiring an additional 151 shares in the last quarter. Blue Trust Inc. lifted its holdings in 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. Geneos Wealth Management Inc. acquired a new stake in TKO Group during the 4th quarter valued at $32,000. First Horizon Advisors Inc. lifted its holdings in TKO Group by 491.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after purchasing an additional 231 shares during the last quarter. Finally, Game Plan Financial Advisors LLC lifted its holdings in shares of TKO Group by 172.2% during the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after buying an additional 155 shares in the last quarter. 89.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TKO has been the subject of several research analyst reports. TD Cowen upped their target price on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group upped their price target on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Seaport Res Ptn downgraded shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Benchmark downgraded shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Pivotal Research upped their target price on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $148.08.

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.