TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel Buys 105,038 Shares

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel acquired 105,038 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The stock was bought at an average price of $153.04 per share, with a total value of $16,075,015.52. Following the transaction, the chief executive officer now directly owns 1,257,800 shares in the company, valued at $192,493,712. The trade was a 9.11 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, January 22nd, Ariel Emanuel bought 115,952 shares of TKO Group stock. The stock was 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 purchased at an average price of $143.73 per share, with a total value of $8,653,695.84.

TKO Group Trading Up 0.2 %

NYSE TKO opened at $153.45 on Tuesday. TKO Group Holdings, Inc. has a 52 week low of $78.69 and a 52 week high of $154.25. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The stock’s 50 day moving average price is $141.92 and its two-hundred day moving average price is $126.27. The stock has a market capitalization of $26.20 billion, a price-to-earnings ratio of -365.35 and a beta of 1.07.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, November 6th. The company reported $0.28 EPS 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 business had revenue of $681.20 million for the quarter, compared to analyst estimates of $665.12 million. During the same quarter in the previous year, the company posted $0.52 EPS. The business’s revenue for the quarter was up 51.7% compared to the same quarter last year. As a group, analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Institutional Trading of TKO Group

A number of hedge funds and other institutional investors have recently modified their holdings of TKO. Blue Trust Inc. boosted its position in TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after purchasing an additional 89 shares during the last quarter. Geneos Wealth Management Inc. bought a new position in shares of TKO Group in the fourth quarter valued at $32,000. First Horizon Advisors Inc. increased its holdings 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 buying an additional 231 shares during the last quarter. UMB Bank n.a. raised its position in TKO Group by 72.8% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after acquiring an additional 115 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in TKO Group by 39.4% in the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after acquiring an additional 109 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on TKO. Citigroup increased their target price on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. The Goldman Sachs Group boosted their price objective on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday. TD Cowen upped their target price on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Pivotal Research lifted their price target on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Benchmark cut shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $141.21.

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.