By otakuyassine3@gmail.com 
TKO Group Holdings, Inc. (NYSE:TKO – Get Free Report) major shareholder Patrick Whitesell purchased 94,161 shares of the stock in a transaction on Monday, February 3rd. The shares were acquired at an average price of $157.79 per share, for a total transaction of $14,857,664.19. Following the transaction, the insider now directly owns 1,780,529 shares of the company’s stock, valued at $280,949,670.91. This represents a 5.58 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% 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 Friday, January 31st, Patrick Whitesell bought 80,758 shares of TKO Group stock. The shares were acquired at an average price of $156.79 per share, for a total transaction of $12,662,046.82.
- On Wednesday, January 29th, Patrick Whitesell acquired 99,996 shares of TKO Group stock. The shares were bought at an average price of $156.60 per share, with a total value of $15,659,373.60.
- On Monday, January 27th, Patrick Whitesell acquired 89,234 shares of TKO Group stock. The stock was purchased at an average price of $153.18 per share, for a total transaction of $13,668,864.12.
- On Thursday, January 23rd, Patrick Whitesell bought 120,958 shares of TKO Group stock. The shares were purchased at an average cost of $150.92 per share, with a total value of $18,254,981.36.
- On Tuesday, January 21st, Patrick Whitesell purchased 108,476 shares of TKO Group stock. The stock was purchased at an average cost of $144.13 per share, for a total transaction of $15,634,645.88.
- On Friday, January 17th, Patrick Whitesell acquired 125,589 shares of TKO Group stock. The stock was purchased at an average price of $143.06 per share, for a total transaction of $17,966,762.34.
- On Monday, December 16th, Patrick Whitesell acquired 263,200 shares of TKO Group stock. The stock was acquired at an average price of $146.97 per share, with a total value of $38,682,504.00.
- On Friday, December 13th, Patrick Whitesell bought 245,887 shares of TKO Group stock. The shares were bought at an average price of $142.45 per share, for a total transaction of $35,026,603.15.
- On Wednesday, December 11th, Patrick Whitesell purchased 31,352 shares of TKO Group stock. The stock was bought at an average cost of $142.03 per share, with a total value of $4,452,924.56.
TKO Group Trading Up 0.3 %
TKO traded up $0.50 during mid-day trading on Tuesday, hitting $157.55. 733,412 shares of the stock were exchanged, compared to its average volume of 821,101. The firm’s fifty day moving average is $144.56 and its two-hundred day moving average is $128.40. TKO Group Holdings, Inc. has a 1-year low of $78.69 and a 1-year high of $159.72. The company has a market cap of $26.90 billion, a PE ratio of -375.12 and a beta of 1.06. 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 (NYSE:TKO – Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $681.20 million for the quarter, compared to analyst estimates of $665.12 million. During the same period in the prior year, the company posted $0.52 EPS. The firm’s revenue for the quarter was up 51.7% compared to the same quarter last year. Equities analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.
Analysts Set New Price Targets
TKO has been the subject of several analyst reports. The Goldman Sachs Group upped their target price on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. Roth Mkm raised their price objective on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Pivotal Research boosted 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. Benchmark downgraded shares of TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Citigroup upped their price objective on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.77.
Check Out Our Latest Stock Analysis on TKO Group
Institutional Investors Weigh In On TKO Group
Hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. purchased a new stake in shares of TKO Group during the fourth quarter worth approximately $32,000. Game Plan Financial Advisors LLC increased its position in shares of TKO Group by 172.2% in the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after purchasing an additional 155 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of TKO Group by 52.4% in the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after purchasing an additional 89 shares in the last quarter. UMB Bank n.a. lifted its position in shares of TKO Group by 72.8% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after purchasing an additional 115 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of TKO Group by 491.5% during the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after purchasing an additional 231 shares in 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.
See Also
Receive News & Ratings for TKO Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for TKO Group and related companies with MarketBeat.com’s FREE daily email newsletter.