Insider Selling: TKO Group Holdings, Inc. (NYSE:TKO) Director Sells $3,904,059.70 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 27,505 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $3,904,059.70. Following the completion of the transaction, the director now directly owns 169,004 shares in the company, valued at approximately $23,988,427.76. This represents a 14.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

TKO Group Price Performance

NYSE:TKO opened at $142.02 on Thursday. The company has a market capitalization of $24.25 billion, a P/E ratio of -338.14 and a beta of 1.07. The business’s 50-day moving average is $135.19 and its 200 day moving average is $122.94. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 12 month low of $75.35 and a 12 month high of $149.40.

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

Analyst Ratings Changes

TKO has been the topic of several recent research reports. TD Cowen raised their price objective on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. raised 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 upped 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. UBS Group raised their price objective on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, The Goldman Sachs Group upped their target price on shares of TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $139.29.

Institutional Trading of TKO Group

Large investors have recently made changes to their positions in the business. Blue Trust Inc. lifted its holdings 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 acquiring an additional 89 shares during the last quarter. Coldstream Capital Management Inc. raised its position in TKO Group by 3.3% during the third quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock valued at $379,000 after purchasing an additional 97 shares during the period. Quent Capital LLC raised its position in TKO Group by 17.4% during the third quarter. Quent Capital LLC now owns 680 shares of the company’s stock valued at $84,000 after purchasing an additional 101 shares during the period. Signaturefd LLC lifted its stake in shares of TKO Group by 39.4% in the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after purchasing an additional 109 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of TKO Group by 6.2% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,126 shares of the company’s stock worth $263,000 after purchasing an additional 125 shares during the period. 89.79% of the stock is currently owned by institutional investors.

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.