TKO Group Holdings, Inc. (NYSE:TKO) Insider Mark S. Shapiro Sells 31,666 Shares

TKO Group Holdings, Inc. (NYSE:TKO) insider Mark S. Shapiro sold 31,666 shares of TKO Group stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $4,494,672.04. Following the transaction, the insider now directly owns 73,677 shares in the company, valued at approximately $10,457,713.38. This represents a 30.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

TKO Group Price Performance

Shares of NYSE TKO opened at $141.74 on Tuesday. The stock has a fifty day moving average of $134.17 and a 200-day moving average of $122.56. The stock has a market cap of $24.20 billion, a PE ratio of -337.48 and a beta of 1.07. 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 fifty-two week low of $75.35 and a fifty-two week high of $149.40.

TKO Group (NYSE:TKO) last posted its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share 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 company had revenue of $681.20 million for the quarter, compared to analysts’ expectations of $665.12 million. During the same period in the previous year, the firm earned $0.52 EPS. The firm’s quarterly revenue was up 51.7% compared to the same quarter last year. Equities research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Institutional Trading of TKO Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. grew its position in shares of TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after purchasing an additional 89 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in TKO Group by 491.5% during the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after buying an additional 231 shares during the period. Signaturefd LLC grew its position in TKO Group by 39.4% during the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after buying an additional 109 shares in the last quarter. Quarry LP bought a new position in TKO Group in the 2nd quarter worth about $51,000. Finally, International Assets Investment Management LLC increased its stake in TKO Group by 12,275.0% in the 3rd quarter. International Assets Investment Management LLC now owns 495 shares of the company’s stock worth $61,000 after acquiring an additional 491 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TKO shares. TD Cowen lifted their price target on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Pivotal Research lifted their target price on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. increased their price target on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Roth Mkm lifted their price objective on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, The Goldman Sachs Group boosted their target price 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. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $136.79.

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.