Insider Buying: TKO Group Holdings, Inc. (NYSE:TKO) CEO Acquires $20,656,682.60 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel bought 117,769 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was acquired at an average cost of $175.40 per share, for a total transaction of $20,656,682.60. Following the completion of the purchase, the chief executive officer now directly owns 2,579,437 shares of the company’s stock, valued at $452,433,249.80. The trade was a 4.78 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, February 10th, Ariel Emanuel acquired 116,256 shares of TKO Group stock. The stock was acquired at an average price of $172.03 per share, with a total value of $19,999,519.68.
• On Thursday, February 6th, Ariel Emanuel bought 72,970 shares of TKO Group stock. The shares were acquired at an average cost of $160.59 per share, for a total transaction of $11,718,252.30.
• On Tuesday, February 4th, Ariel Emanuel purchased 76,587 shares of TKO Group stock. The stock was acquired at an average cost of $157.13 per share, with a total value of $12,034,115.31.
• On Thursday, January 30th, Ariel Emanuel acquired 66,021 shares of TKO Group stock. The shares were bought at an average cost of $158.39 per share, for a total transaction of $10,457,066.19.
• On Tuesday, January 28th, Ariel Emanuel bought 92,559 shares of TKO Group stock. The shares were bought at an average cost of $157.69 per share, for a total transaction of $14,595,628.71.
• On Friday, January 24th, Ariel Emanuel purchased 105,038 shares of TKO Group stock. The stock was bought at an average cost of $153.04 per share, with a total value of $16,075,015.52.
• On Wednesday, January 22nd, Ariel Emanuel acquired 115,952 shares of TKO Group stock. The shares were purchased at an average cost of $143.85 per share, for a total transaction of $16,679,695.20.
• On Thursday, December 12th, Ariel Emanuel bought 60,208 shares of TKO Group stock. The stock was purchased at an average price of $143.73 per share, with a total value of $8,653,695.84.

TKO Group Trading Up 0.6 %

Shares of NYSE:TKO opened at $175.60 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group Holdings, Inc. has a 1 year low of $78.69 and a 1 year high of $179.09. The company has a market cap of $29.99 billion, a P/E ratio of -418.09 and a beta of 1.06. The stock’s fifty day moving average price is $149.62 and its 200-day moving average price is $131.65.

Hedge Funds Weigh In On TKO Group

Several hedge funds and other institutional investors have recently bought and sold shares of TKO. Norges Bank purchased a new position in shares of TKO Group during the fourth quarter valued at approximately $104,613,000. Arrowstreet Capital Limited Partnership purchased a new stake in TKO Group during the 4th quarter valued at $54,778,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of TKO Group by 29.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock valued at $210,892,000 after buying an additional 383,869 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of TKO Group by 59.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock worth $119,940,000 after buying an additional 362,460 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of TKO Group by 98.5% in the 4th quarter. Marshall Wace LLP now owns 726,058 shares of the company’s stock worth $103,180,000 after buying an additional 360,236 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

TKO has been the subject of a number of research reports. UBS Group increased their price objective on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Pivotal Research lifted their price target on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Seaport Res Ptn lowered shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. The Goldman Sachs Group raised their target price on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. boosted 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. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and an average price target of $148.08.

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.