TKO Group (NYSE:TKO) Sets New 1-Year High After Insider Buying Activity

TKO Group Holdings, Inc. (NYSE:TKO)’s share price hit a new 52-week high during mid-day trading on Monday following insider buying activity. The company traded as high as $145.98 and last traded at $145.85, with a volume of 344807 shares traded. The stock had previously closed at $141.92.

Specifically, CEO Ariel Emanuel acquired 60,208 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $143.73 per share, with a total value of $8,653,695.84. Following the completion of the purchase, the chief executive officer now directly owns 1,734,530 shares of the company’s stock, valued at $249,303,996.90. This represents a 3.60 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Patrick Whitesell acquired 245,887 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of $142.45 per share, for a total transaction of $35,026,603.15. Following the purchase, the insider now directly owns 1,825,030 shares of the company’s stock, valued at approximately $259,975,523.50. This trade represents a 15.57 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In related news, major shareholder Patrick Whitesell acquired 31,352 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average price of $142.03 per share, with a total value of $4,452,924.56. Following the completion of the purchase, the insider now directly owns 1,674,322 shares of the company’s stock, valued at $237,803,953.66. This represents a 1.91 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. The Goldman Sachs Group lifted their target price on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. TD Cowen lifted their target price on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Roth Mkm lifted their target price on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. lifted their target price 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, Guggenheim lifted their target price on TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.93.

TKO Group Trading Up 3.6 %

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 stock has a 50 day simple moving average of $128.66 and a 200-day simple moving average of $118.69. The firm has a market cap of $25.11 billion, a P/E ratio of -350.12 and a beta of 1.09.

TKO Group (NYSE:TKO) last announced 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). The company had revenue of $681.20 million during 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%. TKO Group’s revenue for the quarter was up 51.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 EPS. On average, equities research analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Hedge Funds Weigh In On TKO Group

A number of institutional investors and hedge funds have recently modified their holdings of TKO. SG Americas Securities LLC boosted its holdings in shares of TKO Group by 109.8% in the 2nd quarter. SG Americas Securities LLC now owns 3,323 shares of the company’s stock worth $359,000 after purchasing an additional 1,739 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in TKO Group during the 2nd quarter valued at $222,000. Envestnet Portfolio Solutions Inc. boosted its holdings in TKO Group by 10.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,156 shares of the company’s stock valued at $341,000 after acquiring an additional 286 shares during the period. Nisa Investment Advisors LLC boosted its holdings in TKO Group by 8.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,114 shares of the company’s stock valued at $552,000 after acquiring an additional 419 shares during the period. Finally, MFA Wealth Advisors LLC purchased a new position in TKO Group during the 2nd quarter valued at $36,000. Hedge funds and other institutional investors 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.