TKO Group Holdings, Inc. (NYSE:TKO) CEO Acquires $12,034,115.31 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel bought 76,587 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were purchased at an average cost of $157.13 per share, with a total value of $12,034,115.31. Following the purchase, the chief executive officer now directly owns 1,857,116 shares of the company’s stock, valued at approximately $291,808,637.08. This represents a 4.30 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

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

TKO Group Stock Up 0.3 %

Shares of TKO traded up $0.50 during midday trading on Tuesday, reaching $157.55. 733,412 shares of the stock were exchanged, compared to its average volume of 821,101. The company has a market cap of $26.90 billion, a price-to-earnings ratio of -375.12 and a beta of 1.06. The firm has a 50 day simple moving average of $144.56 and a 200-day simple moving average of $128.40. TKO Group Holdings, Inc. has a 12-month low of $78.69 and a 12-month high of $159.72. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

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 analysts’ consensus estimates of $0.56 by ($0.28). TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The business had revenue of $681.20 million during the quarter, compared to analyst estimates of $665.12 million. During the same quarter last year, the firm earned $0.52 earnings per share. TKO Group’s revenue was up 51.7% compared to the same quarter last year. Research analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

Hedge Funds Weigh In On TKO Group

Several hedge funds have recently bought and sold shares of the business. Ninety One UK Ltd lifted its position in shares of TKO Group by 4.1% in the fourth quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock worth $589,985,000 after buying an additional 163,980 shares during the last quarter. State Street Corp raised its stake in shares of TKO Group by 10.4% in the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock valued at $253,966,000 after acquiring an additional 192,602 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in TKO Group by 29.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock worth $210,892,000 after purchasing an additional 383,869 shares during the last quarter. Principal Financial Group Inc. boosted its position in TKO Group by 1.1% during the third quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock worth $154,185,000 after purchasing an additional 13,148 shares during the period. Finally, Geode Capital Management LLC grew its holdings in TKO Group by 7.4% during the third quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company’s stock valued at $153,931,000 after purchasing an additional 85,160 shares during the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Pivotal Research upped their target price on TKO Group from $145.00 to $165.00 and gave the company 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 research note on Thursday, December 12th. UBS Group lifted their target price on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Citigroup upped their price target on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, Benchmark cut shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $144.77.

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.