Ariel Emanuel Purchases 60,208 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel acquired 60,208 shares of TKO Group stock in a transaction on Thursday, December 12th. The stock was purchased at an average price of $143.73 per share, with a total value of $8,653,695.84. Following the purchase, the chief executive officer now owns 1,734,530 shares of the company’s stock, valued at $249,303,996.90. The trade was a 3.60 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

TKO Group Trading Down 1.0 %

Shares of TKO stock opened at $141.96 on Friday. The business’s fifty day moving average price is $128.24 and its 200 day moving average price is $118.28. TKO Group Holdings, Inc. has a 1-year low of $74.25 and a 1-year high of $145.69. 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 (NYSE:TKO) last announced its quarterly earnings data 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 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 earned $0.52 EPS. The company’s revenue was up 51.7% on a year-over-year basis. On average, sell-side analysts anticipate 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 a number of research reports. The Goldman Sachs Group boosted their price objective on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Roth Mkm boosted their price objective on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Bank of America assumed coverage on TKO Group in a research note on Tuesday, August 20th. They set a “buy” rating and a $140.00 price target for the company. Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, TD Cowen upped their price target on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $133.93.

Institutional Trading of TKO Group

Several large investors have recently bought and sold shares of the company. Retirement Systems of Alabama grew its holdings in TKO Group by 11.0% in the third quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock valued at $9,984,000 after purchasing an additional 8,006 shares during the last quarter. Tidal Investments LLC grew its holdings in TKO Group by 259.1% in the third quarter. Tidal Investments LLC now owns 21,803 shares of the company’s stock valued at $2,697,000 after purchasing an additional 15,732 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in TKO Group in the third quarter valued at $426,000. Sanctuary Advisors LLC grew its holdings in TKO Group by 38.3% in the third quarter. Sanctuary Advisors LLC now owns 6,712 shares of the company’s stock valued at $911,000 after purchasing an additional 1,858 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in TKO Group in the third quarter valued at $221,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

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.