Seth D. Krauss Sells 2,438 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) insider Seth D. Krauss sold 2,438 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $143.80, for a total value of $350,584.40. Following the transaction, the insider now owns 7,983 shares of the company’s stock, valued at approximately $1,147,955.40. This represents a 23.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

TKO Group Stock Down 1.2 %

Shares of NYSE TKO traded down $1.74 during midday trading on Wednesday, hitting $142.80. 682,188 shares of the company’s stock were exchanged, compared to its average volume of 731,453. The firm’s fifty day simple moving average is $140.00 and its 200-day simple moving average is $125.27. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $24.39 billion, a PE ratio of -339.99 and a beta of 1.07. TKO Group Holdings, Inc. has a twelve month low of $78.69 and a twelve month high of $149.40.

TKO Group (NYSE:TKO) last issued its quarterly earnings data 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). TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The company had revenue of $681.20 million for the quarter, compared to analysts’ expectations of $665.12 million. During the same quarter in the prior year, the firm posted $0.52 EPS. The firm’s quarterly revenue was up 51.7% compared to the same quarter last year. Research analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TKO has been the subject of a number of research analyst reports. UBS Group raised their target price on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. 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. The Goldman Sachs Group upped their target price 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. Roth Mkm raised their price target on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Benchmark downgraded shares of TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $139.29.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in shares of TKO Group by 52.4% in the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after acquiring an additional 89 shares during the period. Geneos Wealth Management Inc. purchased a new stake in TKO Group in the 4th quarter valued at $32,000. First Horizon Advisors Inc. raised its position 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 purchasing an additional 231 shares during the last quarter. UMB Bank n.a. boosted its stake in 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 period. Finally, Signaturefd LLC grew its position in 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 last quarter. Hedge funds and other institutional investors 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.