TKO Group Holdings, Inc. (NYSE:TKO) Major Shareholder Patrick Whitesell Buys 156,446 Shares

TKO Group Holdings, Inc. (NYSE:TKO) major shareholder Patrick Whitesell bought 156,446 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was acquired at an average price of $175.60 per share, for a total transaction of $27,471,917.60. Following the completion of the acquisition, the insider now directly owns 2,461,668 shares in the company, valued at approximately $432,268,900.80. This represents a 6.79 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large 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 Friday, February 7th, Patrick Whitesell bought 177,861 shares of TKO Group stock. The stock was acquired at an average price of $165.99 per share, for a total transaction of $29,523,147.39.
• On Wednesday, February 5th, Patrick Whitesell bought 81,019 shares of TKO Group stock. The stock was acquired at an average price of $159.72 per share, for a total transaction of $12,940,354.68.
• On Monday, February 3rd, Patrick Whitesell bought 94,161 shares of TKO Group stock. The stock was purchased at an average cost of $157.79 per share, for a total transaction of $14,857,664.19.
• On Friday, January 31st, Patrick Whitesell bought 80,758 shares of TKO Group stock. The stock was purchased at an average cost of $156.79 per share, for a total transaction of $12,662,046.82.
• On Wednesday, January 29th, Patrick Whitesell bought 99,996 shares of TKO Group stock. The stock was purchased at an average cost of $156.60 per share, for a total transaction 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 cost of $153.18 per share, for a total transaction of $13,668,864.12.
• On Thursday, January 23rd, Patrick Whitesell acquired 120,958 shares of TKO Group stock. The shares were bought at an average cost of $150.92 per share, for a total transaction of $18,254,981.36.
• On Tuesday, January 21st, Patrick Whitesell acquired 108,476 shares of TKO Group stock. The shares were bought 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, for a total transaction of $17,966,762.34.
• On Monday, December 16th, Patrick Whitesell acquired 263,200 shares of TKO Group stock. The shares were bought at an average cost of $146.97 per share, for a total transaction of $38,682,504.00.

TKO Group Price Performance

Shares of TKO Group stock opened at $174.49 on Friday. The firm has a fifty day simple moving average of $148.99 and a 200-day simple moving average of $131.18. 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 Holdings, Inc. has a 1-year low of $78.69 and a 1-year high of $179.09. The stock has a market capitalization of $29.80 billion, a price-to-earnings ratio of -415.45 and a beta of 1.06.

Analyst Ratings Changes

A number of brokerages recently commented on TKO. The Goldman Sachs Group boosted their price objective on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. boosted 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. Citigroup boosted their target price on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Pivotal Research boosted their target price on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Benchmark downgraded shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $148.08.

Institutional Trading of TKO Group

A number of institutional investors and hedge funds have recently modified their holdings of TKO. Norges Bank acquired a new stake in shares of TKO Group in the fourth quarter worth $104,613,000. Arrowstreet Capital Limited Partnership acquired a new position in TKO Group during the 4th quarter valued at $54,778,000. Massachusetts Financial Services Co. MA raised its stake in TKO Group by 29.1% during 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 purchasing an additional 383,869 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in TKO Group by 59.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock valued at $119,940,000 after purchasing an additional 362,460 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in TKO Group by 98.5% during the 4th quarter. Marshall Wace LLP now owns 726,058 shares of the company’s stock valued at $103,180,000 after purchasing an additional 360,236 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

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.