TKO Group Holdings, Inc. (NYSE:TKO) CFO Sells $469,507.00 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) CFO Andrew M. Schleimer sold 3,265 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $143.80, for a total transaction of $469,507.00. Following the sale, the chief financial officer now owns 9,563 shares of the company’s stock, valued at $1,375,159.40. This represents a 25.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

TKO Group Trading Down 1.2 %

TKO stock traded down $1.74 on Wednesday, hitting $142.80. 682,188 shares of the company were exchanged, compared to its average volume of 731,453. The stock has a market capitalization of $24.39 billion, a price-to-earnings ratio of -339.99 and a beta of 1.07. The business’s fifty day moving average is $140.00 and its two-hundred day moving average is $125.27. TKO Group Holdings, Inc. has a twelve month low of $78.69 and a twelve month high of $149.40. 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 (NYSE:TKO) last issued its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.28). TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The firm had revenue of $681.20 million during the quarter, compared to analysts’ expectations of $665.12 million. During the same period last year, the business posted $0.52 earnings per share. The company’s quarterly revenue was up 51.7% compared to the same quarter last year. As a group, research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Institutional Trading of TKO Group

A number of institutional investors have recently modified their holdings of TKO. Envestnet Asset Management Inc. raised its position in TKO Group by 13.4% in the second quarter. Envestnet Asset Management Inc. now owns 113,869 shares of the company’s stock valued at $12,297,000 after purchasing an additional 13,486 shares during the period. Dimensional Fund Advisors LP lifted its position in TKO Group by 26.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 448,205 shares of the company’s stock worth $48,402,000 after acquiring an additional 94,944 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in TKO Group by 10.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,021 shares of the company’s stock worth $758,000 after acquiring an additional 689 shares during the period. Public Employees Retirement Association of Colorado grew its position in TKO Group by 32.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 7,263 shares of the company’s stock valued at $784,000 after acquiring an additional 1,764 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in TKO Group by 2.8% during the 2nd quarter. Bank of Montreal Can now owns 6,652 shares of the company’s stock valued at $719,000 after purchasing an additional 184 shares in the last quarter. Hedge funds and other 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. Citigroup boosted 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. Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Guggenheim upped their price target on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, September 30th. TD Cowen raised their price objective on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Finally, The Goldman Sachs Group increased their target price on shares of TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to 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.