TKO Group Holdings, Inc. (NYSE:TKO) CEO Acquires $8,653,695.84 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel bought 60,208 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were bought at an average cost of $143.73 per share, with a total value of $8,653,695.84. Following the purchase, the chief executive officer now directly owns 1,734,530 shares in the company, valued at approximately $249,303,996.90. This trade represents a 3.60 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

TKO Group Stock Down 1.1 %

TKO stock opened at $141.92 on Monday. The stock has a market capitalization of $24.24 billion, a price-to-earnings ratio of -337.90 and a beta of 1.09. The company has a 50-day moving average of $128.24 and a two-hundred day moving average of $118.42. TKO Group Holdings, Inc. has a 52-week low of $74.25 and a 52-week high of $145.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.28). The business had revenue of $681.20 million for 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 revenue for the quarter was up 51.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 EPS. As a group, equities research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. The Goldman Sachs Group lifted their price objective on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their price target on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday. Roth Mkm increased their price objective on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. TD Cowen lifted 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. Finally, Bank of America began coverage on shares of TKO Group in a research note on Tuesday, August 20th. They set a “buy” rating and a $140.00 price target on the stock. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.93.

Institutional Investors Weigh In On TKO Group

Several hedge funds and other institutional investors have recently modified their holdings of TKO. Retirement Systems of Alabama boosted its holdings in TKO Group by 11.0% in the 3rd quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock valued at $9,984,000 after purchasing an additional 8,006 shares during the period. Tidal Investments LLC lifted its stake in shares of TKO Group by 259.1% in the third quarter. Tidal Investments LLC now owns 21,803 shares of the company’s stock valued at $2,697,000 after buying an additional 15,732 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in TKO Group during the third quarter worth about $426,000. Sanctuary Advisors LLC grew its position in TKO Group by 38.3% during the third quarter. Sanctuary Advisors LLC now owns 6,712 shares of the company’s stock worth $911,000 after buying an additional 1,858 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in TKO Group in the 3rd quarter valued at approximately $221,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

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.