Seth D. Krauss Sells 2,438 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) insider Seth D. Krauss sold 2,438 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $143.80, for a total value of $350,584.40. Following the transaction, the insider now directly owns 7,983 shares of the company’s stock, valued at $1,147,955.40. This trade represents a 23.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

TKO Group Price Performance

Shares of TKO Group stock opened at $142.80 on Thursday. TKO Group Holdings, Inc. has a 52 week low of $78.69 and a 52 week high of $149.40. 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’s 50-day moving average price is $140.00 and its two-hundred day moving average price is $125.27.

TKO Group (NYSE:TKO) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. TKO Group’s quarterly revenue was up 51.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 EPS. Equities research analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Institutional Trading of TKO Group

Several institutional investors and hedge funds have recently bought and sold shares of TKO. Darlington Partners Capital Management LP increased its position in shares of TKO Group by 3.1% in the second quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock worth $331,065,000 after acquiring an additional 90,868 shares in the last quarter. State Street Corp grew its position in 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 purchasing an additional 192,602 shares in the last quarter. Clearbridge Investments LLC raised its stake in TKO Group by 9.5% during the 2nd quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock valued at $194,467,000 after purchasing an additional 155,940 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of TKO Group by 29.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock valued at $210,892,000 after purchasing an additional 383,869 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of TKO Group by 1.1% in the third quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock worth $154,185,000 after buying an additional 13,148 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TKO. Pivotal Research boosted their price objective on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. increased their price objective on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Roth Mkm boosted their target price on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group raised their price target on shares of TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Finally, Benchmark downgraded TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TKO Group has an average rating of “Moderate Buy” and a consensus price target of $139.29.

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.