Insider Buying: TKO Group Holdings, Inc. (NYSE:TKO) CEO Acquires 66,021 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel purchased 66,021 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were purchased at an average price of $158.39 per share, for a total transaction of $10,457,066.19. Following the completion of the purchase, the chief executive officer now directly owns 1,605,610 shares of the company’s stock, valued at $254,312,567.90. This represents a 4.29 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Tuesday, January 28th, Ariel Emanuel acquired 92,559 shares of TKO Group stock. The stock was purchased 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 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 acquired at an average cost of $143.85 per share, for a total transaction of $16,679,695.20.
• On Thursday, December 12th, Ariel Emanuel acquired 60,208 shares of TKO Group stock. The stock was acquired at an average price of $143.73 per share, with a total value of $8,653,695.84.

TKO Group Stock Performance

NYSE TKO traded up $0.52 during trading hours on Thursday, hitting $157.44. The company had a trading volume of 501,395 shares, compared to its average volume of 822,283. The business has a 50 day moving average of $143.36 and a 200-day moving average of $127.02. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. TKO Group Holdings, Inc. has a 1-year low of $78.69 and a 1-year high of $159.72. The company has a market cap of $26.89 billion, a PE ratio of -374.85 and a beta of 1.07.

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

Institutional Trading of TKO Group

A number of large investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA raised 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 buying an additional 383,869 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in TKO Group by 59.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock valued at $119,940,000 after acquiring an additional 362,460 shares during the last quarter. State Street Corp lifted 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 acquiring an additional 192,602 shares during the period. Ninety One UK Ltd grew its stake 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 valued at $589,985,000 after purchasing an additional 163,980 shares during the last quarter. Finally, Clearbridge Investments LLC raised its stake in shares of TKO Group by 9.5% during the second quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock worth $194,467,000 after purchasing an additional 155,940 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on TKO. The Goldman Sachs Group raised their price target on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Citigroup upped their price target on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. lifted their price objective on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, UBS Group upped their target price on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Two 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, TKO Group presently has an average rating of “Moderate Buy” and an average target price of $144.77.

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.