TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Acquires $12,662,046.82 in Stock

Posted by Tech Dows on Feb 5th, 2025

TKO Group Holdings, Inc. (NYSE:TKO – Get Free Report) major shareholder Patrick Whitesell bought 80,758 shares of TKO Group stock in a transaction that occurred on Friday, January 31st. The stock was bought at an average price of $156.79 per share, for a total transaction of $12,662,046.82. Following the completion of the acquisition, the insider now directly owns 1,686,368 shares of the company’s stock, valued at $264,405,638.72. The trade was a 5.03 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

On Monday, February 3rd, Patrick Whitesell purchased 94,161 shares of TKO Group stock. The stock was purchased at an average price of $157.79 per share, for a total transaction of $14,857,664.19.
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, with a total value 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, for a total transaction 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 price 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 acquired 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 shares were bought at an average cost of $143.06 per share, with a total value of $17,966,762.34.
On Monday, December 16th, Patrick Whitesell bought 263,200 shares of TKO Group stock. The shares were bought 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 purchased at an average price of $142.45 per share, for a total transaction of $35,026,603.15.
On Wednesday, December 11th, Patrick Whitesell acquired 31,352 shares of TKO Group stock. The shares were acquired at an average price of $142.03 per share, with a total value of $4,452,924.56.

TKO Group Stock Up 0.3 %

Shares of TKO Group stock traded up $0.50 during midday trading on Tuesday, hitting $157.55. The company had a trading volume of 733,412 shares, compared to its average volume of 821,101. The company has a 50 day moving average of $144.56 and a 200 day moving average of $128.40. The stock has a market capitalization of $26.90 billion, a P/E ratio of -375.12 and a beta of 1.06. TKO Group Holdings, Inc. has a 52-week low of $78.69 and a 52-week high of $159.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17.

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 the consensus estimate of $0.56 by ($0.28). The company had revenue of $681.20 million for the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. TKO Group’s revenue was up 51.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 earnings per share. On average, equities analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TKO. Blue Trust Inc. increased its position in shares of TKO Group by 28.2% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $47,000 after acquiring an additional 73 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in TKO Group by 3.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock valued at $379,000 after purchasing an additional 97 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of TKO Group by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company’s stock worth $2,629,000 after purchasing an additional 100 shares in the last quarter. Quent Capital LLC raised its stake in shares of TKO Group by 17.4% in the third quarter. Quent Capital LLC now owns 680 shares of the company’s stock worth $84,000 after purchasing an additional 101 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of TKO Group by 39.4% during the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after purchasing an additional 109 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on TKO. UBS Group upped 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. Roth Mkm boosted their price target on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. lifted their target price on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Pivotal Research increased their price target on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Two 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $144.77.

Read Our Latest Research Report on TKO

About TKO Group

(Get Free Report)

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.