TKO Group Holdings, Inc. (NYSE:TKO) CFO Sells $469,507.00 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) CFO Andrew M. Schleimer sold 3,265 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $143.80, for a total transaction of $469,507.00. Following the completion of the transaction, the chief financial officer now directly owns 9,563 shares in the company, valued at $1,375,159.40. This trade represents a 25.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

TKO Group Stock Up 0.7 %

NYSE:TKO opened at $153.06 on Friday. TKO Group Holdings, Inc. has a 52 week low of $78.69 and a 52 week high of $154.25. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The stock’s fifty day moving average is $141.35 and its two-hundred day moving average is $125.74. The stock has a market capitalization of $26.14 billion, a price-to-earnings ratio of -364.44 and a beta of 1.07.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TKO. Spire Wealth Management acquired a new stake in TKO Group during the 4th quarter worth approximately $54,000. Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of TKO Group in the fourth quarter worth $6,921,000. Stonegate Investment Group LLC purchased a new stake in shares of TKO Group during the fourth quarter worth $208,000. Pacer Advisors Inc. raised its stake in shares of TKO Group by 10.1% in the fourth quarter. Pacer Advisors Inc. now owns 55,318 shares of the company’s stock valued at $7,861,000 after acquiring an additional 5,094 shares in the last quarter. Finally, KBC Group NV boosted its holdings in TKO Group by 56.7% in the fourth quarter. KBC Group NV now owns 2,912 shares of the company’s stock valued at $414,000 after purchasing an additional 1,054 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. The Goldman Sachs Group lifted their price objective on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday. Pivotal Research lifted their price target on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. upped their price objective on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. TD Cowen lifted their target price on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Finally, Guggenheim increased their price target 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. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TKO Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.21.

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.