Insider Buying: TKO Group Holdings, Inc. (NYSE:TKO) CEO Buys 115,952 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel acquired 115,952 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was purchased at an average cost of $143.85 per share, with a total value of $16,679,695.20. Following the purchase, the chief executive officer now owns 1,031,804 shares of the company’s stock, valued at $148,425,005.40. The trade was a 12.66 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• 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, for a total transaction of $8,653,695.84.

TKO Group Stock Performance

TKO stock traded down $1.74 during trading on Wednesday, reaching $142.80. The company had a trading volume of 682,188 shares, compared to its average volume of 731,453. 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 Holdings, Inc. has a twelve month low of $78.69 and a twelve month high of $149.40. The company has a market cap of $24.39 billion, a price-to-earnings ratio of -339.99 and a beta of 1.07. The firm has a 50-day simple moving average of $140.00 and a 200-day simple moving average of $125.27.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). The company had revenue of $681.20 million for the quarter, compared to analysts’ expectations of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. TKO Group’s quarterly revenue was up 51.7% compared to the same quarter last year. During the same period last year, the firm earned $0.52 earnings per share. As a group, sell-side analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TKO. Darlington Partners Capital Management LP raised its stake in shares of TKO Group by 3.1% during the 2nd quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock valued at $331,065,000 after buying an additional 90,868 shares during the last quarter. State Street Corp boosted its position in TKO Group by 10.4% in the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after purchasing an additional 192,602 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of TKO Group by 9.5% during the 2nd quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock valued at $194,467,000 after purchasing an additional 155,940 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of 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 valued at $210,892,000 after purchasing an additional 383,869 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings 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 buying an additional 13,148 shares in the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on TKO. Roth Mkm lifted their price objective on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Benchmark cut shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. UBS Group lifted their price objective on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Pivotal Research upped their target price on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Citigroup boosted their price target on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $139.29.

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.