Ariel Emanuel Acquires 92,559 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel bought 92,559 shares of TKO Group stock in a transaction that occurred on Tuesday, January 28th. The shares were acquired at an average cost of $157.69 per share, with a total value of $14,595,628.71. Following the acquisition, the chief executive officer now owns 1,439,593 shares of the company’s stock, valued at $227,009,420.17. The trade was a 6.87 % 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, January 30th, Ariel Emanuel purchased 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 Friday, January 24th, Ariel Emanuel acquired 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 purchased 115,952 shares of TKO Group stock. The shares were bought at an average price 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 price of $143.73 per share, for a total transaction of $8,653,695.84.

TKO Group Price Performance

TKO Group stock opened at $155.03 on Friday. The company has a fifty day simple moving average of $143.75 and a 200-day simple moving average of $127.36. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $26.47 billion, a price-to-earnings ratio of -369.12 and a beta of 1.07. TKO Group Holdings, Inc. has a 52-week low of $78.69 and a 52-week high of $159.72.

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

Analyst Upgrades and Downgrades

TKO has been the subject of several analyst reports. The Goldman Sachs Group boosted 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. JPMorgan Chase & Co. increased their target price on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Pivotal Research lifted their price target on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Citigroup increased 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. Finally, Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $144.77.

Hedge Funds Weigh In On TKO Group

A number of institutional investors have recently added to or reduced their stakes in TKO. Blue Trust Inc. grew its stake in shares of TKO Group by 52.4% in the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after buying an additional 89 shares during the period. Geneos Wealth Management Inc. purchased a new position in TKO Group in the fourth quarter worth approximately $32,000. First Horizon Advisors Inc. increased its stake in TKO Group by 491.5% during the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after acquiring an additional 231 shares during the last quarter. Game Plan Financial Advisors LLC raised its position in TKO Group by 172.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after purchasing an additional 155 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of TKO Group by 72.8% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after purchasing an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

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.