Insider Buying: TKO Group Holdings, Inc. (NYSE:TKO) CEO Purchases 72,970 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel purchased 72,970 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was acquired at an average price of $160.59 per share, for a total transaction of $11,718,252.30. Following the acquisition, the chief executive officer now owns 2,011,105 shares in the company, valued at $322,963,351.95. This trade represents a 3.76 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, February 4th, Ariel Emanuel acquired 76,587 shares of TKO Group stock. The stock was acquired at an average cost of $157.13 per share, for a total transaction of $12,034,115.31.
• On Thursday, January 30th, Ariel Emanuel bought 66,021 shares of TKO Group stock. The shares were acquired at an average cost of $158.39 per share, with a total value of $10,457,066.19.
• On Tuesday, January 28th, Ariel Emanuel purchased 92,559 shares of TKO Group stock. The stock was acquired at an average cost of $157.69 per share, for a total transaction of $14,595,628.71.
• On Friday, January 24th, Ariel Emanuel acquired 105,038 shares of TKO Group stock. The shares were bought at an average price of $153.04 per share, with a total value of $16,075,015.52.
• On Wednesday, January 22nd, Ariel Emanuel bought 115,952 shares of TKO Group stock. The shares were bought at an average cost of $143.85 per share, for a total transaction of $16,679,695.20.
• On Thursday, December 12th, Ariel Emanuel purchased 60,208 shares of TKO Group stock. The stock was bought at an average cost of $143.73 per share, with a total value of $8,653,695.84.

TKO Group Stock Up 3.4 %

NYSE TKO opened at $166.69 on Monday. TKO Group Holdings, Inc. has a one year low of $78.69 and a one year high of $168.25. 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 has a fifty day moving average price of $146.05 and a 200 day moving average price of $129.60. The company has a market cap of $28.47 billion, a P/E ratio of -396.88 and a beta of 1.06.

Analyst Ratings Changes

TKO has been the subject of several analyst reports. Citigroup boosted their target price on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. The Goldman Sachs Group upped their price target on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. UBS Group raised their price objective on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, TD Cowen upped their target price on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and an average target price of $148.08.

Hedge Funds Weigh In On TKO Group

Several hedge funds and other institutional investors have recently modified their holdings of TKO. Smartleaf Asset Management LLC raised its holdings in TKO Group by 559.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after acquiring an additional 151 shares during the last quarter. Blue Trust Inc. grew its position 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 purchasing an additional 89 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of TKO Group in the fourth quarter valued at approximately $32,000. First Horizon Advisors Inc. lifted its position in TKO Group by 491.5% during the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after buying an additional 231 shares in the last quarter. Finally, Game Plan Financial Advisors LLC boosted its stake in TKO Group by 172.2% during the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after buying an additional 155 shares during the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

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.