Insider Buying: TKO Group Holdings, Inc. (NYSE:TKO) CEO Purchases 105,038 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel purchased 105,038 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The stock was acquired at an average cost of $153.04 per share, with a total value of $16,075,015.52. Following the transaction, the chief executive officer now directly owns 1,257,800 shares of the company’s stock, valued at approximately $192,493,712. This represents a 9.11 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Ariel Emanuel also recently made the following trade(s):

• On Wednesday, January 22nd, Ariel Emanuel purchased 115,952 shares of TKO Group stock. The shares were purchased at an average cost of $143.85 per share, with a total value of $16,679,695.20.
• On Thursday, December 12th, Ariel Emanuel acquired 60,208 shares of TKO Group stock. The shares were purchased at an average cost of $143.73 per share, for a total transaction of $8,653,695.84.

TKO Group Trading Up 0.2 %

Shares of NYSE:TKO traded up $0.37 during trading on Monday, reaching $153.45. The stock had a trading volume of 771,592 shares, compared to its average volume of 825,330. TKO Group Holdings, Inc. has a 52 week low of $78.69 and a 52 week high of $154.25. The firm’s fifty day moving average is $141.92 and its 200 day moving average is $126.27. The stock has a market cap of $26.20 billion, a price-to-earnings ratio of -365.35 and a beta of 1.07. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17.

TKO Group (NYSE:TKO) last posted 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). The business had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The business’s revenue was up 51.7% on a year-over-year basis. During the same period last year, the business posted $0.52 earnings per share. As a group, equities analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Hedge Funds Weigh In On TKO Group

Several institutional investors have recently added to or reduced their stakes in TKO. Blue Trust Inc. lifted its position in shares of TKO Group by 52.4% during the 3rd 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. bought a new stake in TKO Group in the fourth quarter valued at $32,000. First Horizon Advisors Inc. raised its holdings in shares of TKO Group by 491.5% during the third 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 period. UMB Bank n.a. grew its stake in shares of TKO Group by 72.8% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after buying an additional 115 shares during the period. Finally, Signaturefd LLC increased its position in TKO Group by 39.4% in the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after buying an additional 109 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on TKO. JPMorgan Chase & Co. raised their price target on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Citigroup increased their target price on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. UBS Group increased their target price on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. The Goldman Sachs Group raised their price target on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday. Finally, TD Cowen boosted their price objective 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. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and an average 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.