Insider Buying: TKO Group Holdings, Inc. (NYSE:TKO) CEO Buys 60,208 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel bought 60,208 shares of TKO Group stock in a transaction on Thursday, December 12th. The shares were acquired at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the acquisition, the chief executive officer now owns 1,734,530 shares of the company’s stock, valued at approximately $249,303,996.90. This represents a 3.60 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

TKO Group Stock Down 1.0 %

Shares of TKO Group stock traded down $1.47 on Friday, reaching $141.96. 855,172 shares of the company were exchanged, compared to its average volume of 1,047,224. TKO Group Holdings, Inc. has a one year low of $74.25 and a one year high of $145.69. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average of $128.24 and a 200 day moving average of $118.28. The company has a market capitalization of $24.24 billion, a price-to-earnings ratio of -338.00 and a beta of 1.09.

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

Institutional Investors Weigh In On TKO Group

Several hedge funds have recently bought and sold shares of TKO. Blue Trust Inc. raised its stake in 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 buying an additional 89 shares during the period. Coldstream Capital Management Inc. increased its holdings in shares of TKO Group by 3.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock worth $379,000 after acquiring an additional 97 shares during the last quarter. Quent Capital LLC raised its stake in TKO Group by 17.4% in the 3rd quarter. Quent Capital LLC now owns 680 shares of the company’s stock valued at $84,000 after acquiring an additional 101 shares during the period. Signaturefd LLC lifted its holdings in TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after purchasing an additional 109 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its position in TKO Group by 6.2% during the third quarter. Integrated Wealth Concepts LLC now owns 2,126 shares of the company’s stock worth $263,000 after purchasing an additional 125 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TKO shares. Guggenheim lifted their price objective on TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 30th. Roth Mkm increased their price objective on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Bank of America began coverage on shares of TKO Group in a report on Tuesday, August 20th. They set a “buy” rating and a $140.00 price objective on the stock. TD Cowen upped 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, Pivotal Research boosted their price target on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $133.93.

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.