Insider Buying: TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Purchases 125,589 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell bought 125,589 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was purchased at an average cost of $143.06 per share, for a total transaction of $17,966,762.34. Following the completion of the acquisition, the insider now owns 807,376 shares in the company, valued at $115,503,210.56. This trade represents a 18.42 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, January 21st, Patrick Whitesell acquired 108,476 shares of TKO Group stock. The stock was acquired at an average price of $144.13 per share, for a total transaction of $15,634,645.88.
• On Monday, December 16th, Patrick Whitesell purchased 263,200 shares of TKO Group stock. The stock was acquired at an average price 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 price 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 shares were bought at an average price of $142.03 per share, with a total value of $4,452,924.56.

TKO Group Stock Performance

NYSE:TKO opened at $151.93 on Friday. The stock’s 50-day simple moving average is $140.68 and its 200 day simple moving average is $125.46. The firm has a market capitalization of $25.94 billion, a PE ratio of -361.73 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 twelve month low of $78.69 and a twelve month high of $153.89.

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

Institutional Trading of TKO Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Darlington Partners Capital Management LP boosted its holdings in shares of TKO Group by 3.1% during the 2nd quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock valued at $331,065,000 after acquiring an additional 90,868 shares in the last quarter. State Street Corp boosted its stake in shares of 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 purchasing an additional 192,602 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of TKO Group by 9.5% during the second quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock valued at $194,467,000 after purchasing an additional 155,940 shares in the last quarter. Massachusetts Financial Services Co. MA boosted 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 purchasing an additional 383,869 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of TKO Group by 1.1% during the third quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock valued at $154,185,000 after purchasing an additional 13,148 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TKO shares. Citigroup increased their price target on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. The Goldman Sachs Group increased their target price on TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Pivotal Research lifted their price target on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Roth Mkm upped their price objective on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. lifted their target price on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $139.29.

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.