Patrick Whitesell Buys 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 on Wednesday, December 11th. The stock was bought at an average price of $142.03 per share, with a total value of $4,452,924.56. Following the acquisition, the insider now owns 1,674,322 shares in the company, valued at $237,803,953.66. This trade represents a 1.91 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 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, December 13th, Patrick Whitesell purchased 245,887 shares of TKO Group stock. The shares were purchased at an average cost of $142.45 per share, for a total transaction of $35,026,603.15.

TKO Group Price Performance

Shares of TKO traded down $1.47 during midday trading on Friday, reaching $141.96. The stock had a trading volume of 855,172 shares, compared to its average volume of 1,047,224. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $24.24 billion, a P/E ratio of -338.00 and a beta of 1.09. The firm’s 50 day moving average price is $128.24 and its 200-day moving average price is $118.28. TKO Group Holdings, Inc. has a 52 week low of $74.25 and a 52 week high of $145.69.

TKO Group (NYSE:TKO) last issued its quarterly earnings results 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 positive return on equity of 3.39% and a negative net margin of 1.26%. The business had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. During the same quarter last year, the firm posted $0.52 earnings per share. TKO Group’s revenue was up 51.7% compared to the same quarter last year. On average, analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TKO Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. boosted its position in shares of TKO Group by 52.4% in 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 period. First Horizon Advisors Inc. lifted its stake in TKO Group by 491.5% during 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. MFA Wealth Advisors LLC acquired a new position in shares of TKO Group in the second quarter worth about $36,000. Signaturefd LLC increased its position in shares of TKO Group by 39.4% in the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after acquiring an additional 109 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of TKO Group in the 2nd quarter valued at approximately $51,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TKO. Bank of America started coverage on TKO Group in a report on Tuesday, August 20th. They issued a “buy” rating and a $140.00 price target for the company. Pivotal Research upped their price target on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. TD Cowen upped their price objective on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Roth Mkm boosted 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. Finally, Benchmark downgraded TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.