TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel Purchases 76,587 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel acquired 76,587 shares of TKO Group stock in a transaction that occurred on Tuesday, February 4th. The shares were purchased at an average cost of $157.13 per share, with a total value of $12,034,115.31. Following the purchase, the chief executive officer now owns 1,857,116 shares of the company’s stock, valued at $291,808,637.08. This represents a 4.30 % increase in their position. The purchase 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 Thursday, January 30th, Ariel Emanuel purchased 66,021 shares of TKO Group stock. The stock was acquired at an average cost of $158.39 per share, for a total transaction of $10,457,066.19.
• On Tuesday, January 28th, Ariel Emanuel acquired 92,559 shares of TKO Group stock. The shares were bought at an average price of $157.69 per share, for a total transaction of $14,595,628.71.
• On Friday, January 24th, Ariel Emanuel bought 105,038 shares of TKO Group stock. The stock was purchased at an average price 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 stock was acquired at an average cost of $143.85 per share, with a total value of $16,679,695.20.
• On Thursday, December 12th, Ariel Emanuel bought 60,208 shares of TKO Group stock. The stock was purchased at an average cost of $143.73 per share, for a total transaction of $8,653,695.84.

TKO Group Price Performance

Shares of TKO opened at $157.55 on Wednesday. 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 company has a 50 day simple moving average of $144.56 and a two-hundred day simple moving average of $128.40. 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 issued 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). 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 for the quarter, compared to analysts’ expectations of $665.12 million. During the same period last year, the company earned $0.52 earnings per share. The firm’s revenue was up 51.7% on a year-over-year basis. Sell-side analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TKO shares. JPMorgan Chase & Co. lifted their price objective on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. The Goldman Sachs Group increased their price objective on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Pivotal Research lifted their price target on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. UBS Group boosted their price target on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Finally, Roth Mkm boosted their target price on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Two research 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $144.77.

Institutional Trading of TKO Group

Hedge funds have recently made changes to their positions in the business. Ninety One UK Ltd lifted its holdings in shares of TKO Group by 4.1% in the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock worth $589,985,000 after acquiring an additional 163,980 shares during the last quarter. State Street Corp lifted its stake in shares of TKO Group by 10.4% during the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after acquiring an additional 192,602 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in TKO Group by 29.1% during 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 acquiring an additional 383,869 shares during the period. Principal Financial Group Inc. boosted its stake in shares of TKO Group by 1.1% during the third 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. Finally, Geode Capital Management LLC grew its holdings in shares of TKO Group by 7.4% in the third quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company’s stock worth $153,931,000 after purchasing an additional 85,160 shares during the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

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.