Patrick Whitesell Buys 156,446 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell bought 156,446 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were bought at an average price of $175.60 per share, for a total transaction of $27,471,917.60. Following the acquisition, the insider now directly owns 2,461,668 shares of the company’s stock, valued at $432,268,900.80. This represents a 6.79 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large 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, February 7th, Patrick Whitesell purchased 177,861 shares of TKO Group stock. The shares were bought 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 bought at an average cost of $159.72 per share, with a total value of $12,940,354.68.
• On Monday, February 3rd, Patrick Whitesell bought 94,161 shares of TKO Group stock. The shares were purchased at an average price of $157.79 per share, for a total transaction of $14,857,664.19.
• On Friday, January 31st, Patrick Whitesell purchased 80,758 shares of TKO Group stock. The stock was purchased at an average price of $156.79 per share, with a total value of $12,662,046.82.
• On Wednesday, January 29th, Patrick Whitesell acquired 99,996 shares of TKO Group stock. The shares were purchased at an average price 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 purchased at an average price of $153.18 per share, with a total value of $13,668,864.12.
• On Thursday, January 23rd, Patrick Whitesell purchased 120,958 shares of TKO Group stock. The shares were acquired at an average cost of $150.92 per share, for a total transaction of $18,254,981.36.
• On Tuesday, January 21st, Patrick Whitesell acquired 108,476 shares of TKO Group stock. The stock was acquired at an average cost of $144.13 per share, with a total value of $15,634,645.88.
• On Friday, January 17th, Patrick Whitesell bought 125,589 shares of TKO Group stock. The shares were acquired 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 acquired at an average cost of $146.97 per share, with a total value of $38,682,504.00.

TKO Group Price Performance

NYSE:TKO opened at $176.82 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $178.13. The stock has a fifty day moving average price of $148.39 and a 200-day moving average price of $130.87.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Pivotal Research raised their price objective on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Roth Mkm boosted their price objective on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. UBS Group lifted their price target on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group boosted their price target on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and a consensus price target of $148.08.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its holdings in TKO Group by 559.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after buying an additional 151 shares during the period. Blue Trust Inc. boosted its position in shares of TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after acquiring an additional 89 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in TKO Group in the fourth quarter valued at approximately $32,000. First Horizon Advisors Inc. raised its position 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 purchasing an additional 231 shares in the last quarter. Finally, Game Plan Financial Advisors LLC lifted its stake in 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 purchasing an additional 155 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

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.