Andrew M. Schleimer Sells 5,419 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) CFO Andrew M. Schleimer sold 5,419 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $769,172.86. Following the completion of the sale, the chief financial officer now owns 6,995 shares of the company’s stock, valued at approximately $992,870.30. The trade was a 43.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TKO Group Price Performance

Shares of NYSE:TKO opened at $141.77 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The business’s fifty day moving average price is $134.69 and its two-hundred day moving average price is $122.81. The stock has a market cap of $24.21 billion, a PE ratio of -337.55 and a beta of 1.07. TKO Group Holdings, Inc. has a one year low of $75.35 and a one year high of $149.40.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The company had revenue of $681.20 million for the quarter, compared to analyst estimates of $665.12 million. During the same period in the previous year, the business earned $0.52 EPS. The firm’s revenue was up 51.7% on a year-over-year basis. On average, analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Analysts Set New Price Targets

TKO has been the subject of several recent analyst reports. TD Cowen raised their price target on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Benchmark downgraded TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. The Goldman Sachs Group upped their price target on shares of TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Guggenheim raised their price objective on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, UBS Group upped their target price on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.29.

Institutional Investors Weigh In On TKO Group

A number of hedge funds and other institutional investors have recently modified their holdings of TKO. Blue Trust Inc. boosted its position in TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after acquiring an additional 89 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in TKO Group by 491.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after acquiring an additional 231 shares during the last quarter. Signaturefd LLC lifted its stake in shares of TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after purchasing an additional 109 shares during the period. Quarry LP acquired a new stake in shares of TKO Group during the second quarter worth $51,000. Finally, International Assets Investment Management LLC grew its position in shares of TKO Group by 12,275.0% in the third quarter. International Assets Investment Management LLC now owns 495 shares of the company’s stock valued at $61,000 after purchasing an additional 491 shares during the period. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

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.