Ariel Emanuel Acquires 66,021 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel purchased 66,021 shares of TKO Group stock in a transaction dated Thursday, January 30th. The shares were purchased at an average cost of $158.39 per share, with a total value of $10,457,066.19. Following the acquisition, the chief executive officer now owns 1,605,610 shares of the company’s stock, valued at approximately $254,312,567.90. This trade represents a 4.29 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, January 28th, Ariel Emanuel purchased 92,559 shares of TKO Group stock. The shares were purchased at an average cost of $157.69 per share, with a total value of $14,595,628.71.
• On Friday, January 24th, Ariel Emanuel purchased 105,038 shares of TKO Group stock. The shares were purchased at an average cost 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 shares were purchased at an average cost of $143.85 per share, with a total value of $16,679,695.20.
• On Thursday, December 12th, Ariel Emanuel acquired 60,208 shares of TKO Group stock. The stock was bought at an average cost of $143.73 per share, with a total value of $8,653,695.84.

TKO Group Price Performance

NYSE TKO opened at $155.03 on Friday. The stock’s 50-day moving average price is $143.75 and its two-hundred day moving average price is $127.36. 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 market cap of $26.47 billion, a PE ratio of -369.12 and a beta of 1.07. TKO Group Holdings, Inc. has a 1 year low of $78.69 and a 1 year high of $159.72.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TKO. Benchmark downgraded shares of TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. UBS Group upped their price objective on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Roth Mkm upped their price objective on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Citigroup upped their price objective on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Finally, The Goldman Sachs Group upped their price objective on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $144.77.

Institutional Trading of TKO Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Park Avenue Securities LLC increased its holdings in shares of TKO Group by 59.2% in the 4th quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock valued at $1,848,000 after purchasing an additional 4,836 shares during the period. Retirement Systems of Alabama increased its holdings in shares of TKO Group by 11.0% in the 3rd quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock valued at $9,984,000 after purchasing an additional 8,006 shares during the period. HighTower Advisors LLC increased its holdings in shares of TKO Group by 177.2% in the 3rd quarter. HighTower Advisors LLC now owns 26,197 shares of the company’s stock valued at $3,225,000 after purchasing an additional 16,746 shares during the period. Petrus Trust Company LTA acquired a new position in shares of TKO Group in the 3rd quarter valued at about $597,000. Finally, Principal Financial Group Inc. increased its holdings in shares of TKO Group by 1.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock valued at $154,185,000 after purchasing an additional 13,148 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

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.