By otakuyassine3@gmail.com 
TKO Group Holdings, Inc. (NYSE:TKO – Get Free Report) major shareholder Patrick Whitesell bought 263,200 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were bought at an average price of $146.97 per share, for a total transaction of $38,682,504.00. Following the completion of the transaction, the insider now directly owns 418,587 shares in the company, valued at approximately $61,519,731.39. This represents a 169.38 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own 10% or more 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, December 13th, Patrick Whitesell acquired 245,887 shares of TKO Group stock. The stock was bought at an average price of $142.45 per share, with a total value 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, for a total transaction of $4,452,924.56.
TKO Group Trading Down 3.5 %
Shares of NYSE TKO traded down $5.11 during midday trading on Wednesday, reaching $142.14. 867,622 shares of the stock were exchanged, compared to its average volume of 1,050,575. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $24.27 billion, a P/E ratio of -338.43 and a beta of 1.09. The stock has a 50 day moving average price of $129.36 and a 200-day moving average price of $119.13. TKO Group Holdings, Inc. has a 52-week low of $75.35 and a 52-week high of $149.40.
TKO Group (NYSE:TKO – Get Free Report) last issued 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). The business had revenue of $681.20 million for the quarter, compared to analysts’ expectations of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The company’s revenue for the quarter was up 51.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.52 EPS. Equities research analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.
Institutional Investors Weigh In On TKO Group
Hedge funds have recently modified their holdings of the stock. Darlington Partners Capital Management LP grew its stake 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 buying an additional 90,868 shares during the period. State Street Corp increased its position in TKO Group by 10.4% during the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after purchasing an additional 192,602 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of TKO Group by 9.5% in the 2nd quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock valued at $194,467,000 after acquiring an additional 155,940 shares during the period. Massachusetts Financial Services Co. MA raised its position in TKO Group by 29.1% in 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 during the period. Finally, Principal Financial Group Inc. lifted its position in TKO Group by 1.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock worth $154,185,000 after acquiring an additional 13,148 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on TKO. Roth Mkm lifted their price target 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. JPMorgan Chase & Co. lifted their price objective on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. TD Cowen raised their price target on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Finally, Citigroup boosted their price objective on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, TKO Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.79.
View Our Latest Research Report on TKO
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.
Further Reading
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