TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Acquires $15,634,645.88 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell purchased 108,476 shares of the stock in a transaction on Tuesday, January 21st. The stock was bought at an average cost of $144.13 per share, for a total transaction of $15,634,645.88. Following the completion of the acquisition, the insider now owns 915,852 shares in the company, valued at approximately $132,001,748.76. This trade represents a 13.44 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 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, January 17th, Patrick Whitesell bought 125,589 shares of TKO Group stock. The stock was purchased at an average cost of $143.06 per share, for a total transaction of $17,966,762.34.
• On Monday, December 16th, Patrick Whitesell purchased 263,200 shares of TKO Group stock. The shares were purchased at an average cost of $146.97 per share, with a total value of $38,682,504.00.
• On Friday, December 13th, Patrick Whitesell acquired 245,887 shares of TKO Group stock. The stock was purchased at an average cost of $142.45 per share, for a total transaction of $35,026,603.15.
• 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, with a total value of $4,452,924.56.

TKO Group Stock Performance

TKO Group stock opened at $153.06 on Friday. The stock has a market cap of $26.14 billion, a PE ratio of -364.44 and a beta of 1.07. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 12-month low of $78.69 and a 12-month high of $154.25. The business’s 50-day moving average price is $141.35 and its two-hundred day moving average price is $125.74.

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

Analysts Set New Price Targets

Several analysts have weighed in on the stock. The Goldman Sachs Group lifted their price objective on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday. UBS Group boosted their price target on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Roth Mkm raised their price objective on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. TD Cowen lifted their price objective on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Finally, Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Three equities research 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 target price of $141.21.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Spire Wealth Management acquired a new stake in shares of TKO Group during the 4th quarter valued at $54,000. Tokio Marine Asset Management Co. Ltd. bought a new position in TKO Group in the fourth quarter valued at about $6,921,000. Stonegate Investment Group LLC acquired a new stake in shares of TKO Group during the fourth quarter valued at about $208,000. Pacer Advisors Inc. increased its stake in shares of TKO Group by 10.1% in the fourth quarter. Pacer Advisors Inc. now owns 55,318 shares of the company’s stock valued at $7,861,000 after buying an additional 5,094 shares during the period. Finally, KBC Group NV increased its stake in shares of TKO Group by 56.7% in the fourth quarter. KBC Group NV now owns 2,912 shares of the company’s stock valued at $414,000 after buying an additional 1,054 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

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.