Patrick Whitesell Purchases 245,887 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell purchased 245,887 shares of the stock in a transaction on Friday, December 13th. The shares were purchased at an average price of $142.45 per share, with a total value of $35,026,603.15. Following the acquisition, the insider now directly owns 1,825,030 shares in the company, valued at $259,975,523.50. This represents a 15.57 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more 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 Wednesday, December 11th, Patrick Whitesell purchased 31,352 shares of TKO Group stock. The shares were purchased at an average price of $142.03 per share, with a total value of $4,452,924.56.

TKO Group Stock Down 1.0 %

NYSE:TKO opened at $141.96 on Friday. 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 fifty-two week low of $74.25 and a fifty-two week high of $145.69. The firm’s fifty day simple moving average is $128.24 and its 200-day simple moving average is $118.28.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $681.20 million for the quarter, compared to analyst estimates of $665.12 million. During the same period last year, the company earned $0.52 earnings per share. The business’s revenue for the quarter was up 51.7% compared to the same quarter last year. Sell-side analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Wall Street Analyst Weigh In

TKO has been the subject of several analyst reports. Guggenheim boosted their price target on shares of TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 30th. JPMorgan Chase & Co. boosted their price target on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday. 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 report on Tuesday, November 26th. Roth Mkm upped their target price on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Bank of America began coverage on shares of TKO Group in a report on Tuesday, August 20th. They issued a “buy” rating and a $140.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $133.93.

Hedge Funds Weigh In On TKO Group

A number of institutional investors and hedge funds have recently made changes to their positions in TKO. Petrus Trust Company LTA acquired a new stake in TKO Group in the 3rd quarter valued at about $597,000. Massachusetts Financial Services Co. MA grew its stake in TKO Group by 29.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock valued at $210,892,000 after acquiring an additional 383,869 shares during the last quarter. HighTower Advisors LLC grew its stake in TKO Group by 177.2% in the 3rd quarter. HighTower Advisors LLC now owns 26,197 shares of the company’s stock valued at $3,225,000 after acquiring an additional 16,746 shares during the last quarter. Central Pacific Bank Trust Division grew its stake in TKO Group by 499.8% in the 3rd quarter. Central Pacific Bank Trust Division now owns 5,998 shares of the company’s stock valued at $742,000 after acquiring an additional 4,998 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in TKO Group by 14.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 452,753 shares of the company’s stock valued at $56,010,000 after acquiring an additional 56,312 shares during the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

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.