TKO Group (NYSE:TKO) Sets New 12-Month High After Insider Buying Activity

TKO Group Holdings, Inc. (NYSE:TKO)’s share price reached a new 52-week high during trading on Thursday following insider buying activity. The stock traded as high as $149.98 and last traded at $149.50, with a volume of 117172 shares changing hands. The stock had previously closed at $142.93.

Specifically, CEO Ariel Emanuel acquired 115,952 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were acquired at an average cost of $143.85 per share, with a total value of $16,679,695.20. Following the transaction, the chief executive officer now owns 1,031,804 shares of the company’s stock, valued at $148,425,005.40. The trade was a 12.66 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Patrick Whitesell bought 108,476 shares of the stock in a transaction on Tuesday, January 21st. The shares were purchased at an average price of $144.13 per share, with a total value of $15,634,645.88. Following the acquisition, the insider now owns 915,852 shares in the company, valued at approximately $132,001,748.76. This represents a 13.44 % increase in their position. The disclosure for this purchase can be found here. In other news, major shareholder Patrick Whitesell purchased 125,589 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were bought at an average cost of $143.06 per share, for a total transaction of $17,966,762.34. Following the completion of the acquisition, the insider now directly owns 807,376 shares in the company, valued at approximately $115,503,210.56. This trade represents a 18.42 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TKO. Pivotal Research lifted their target price on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group lifted their price objective on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday. Citigroup increased their target price on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, TD Cowen boosted their price target on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Three investment 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $141.21.

TKO Group Stock Up 0.7 %

The stock has a market cap of $26.14 billion, a P/E ratio of -364.44 and a beta of 1.07. The firm has a 50 day simple moving average of $141.35 and a 200-day simple moving average of $125.74. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO) last posted its quarterly 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 business had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. During the same quarter last year, the company posted $0.52 EPS. The firm’s revenue was up 51.7% on a year-over-year basis. On average, equities research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Institutional Trading of TKO Group

Hedge funds have recently modified their holdings of the stock. Blue Trust Inc. raised its holdings in TKO Group by 28.2% in the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $47,000 after acquiring an additional 73 shares during the period. Coldstream Capital Management Inc. grew its position in shares of TKO Group by 3.3% in the third quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock valued at $379,000 after purchasing an additional 97 shares during the last quarter. Quent Capital LLC grew its position in shares of TKO Group by 17.4% in the third quarter. Quent Capital LLC now owns 680 shares of the company’s stock valued at $84,000 after purchasing an additional 101 shares during the last quarter. Signaturefd LLC increased its stake in shares of TKO Group by 39.4% during the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after purchasing an additional 109 shares during the period. Finally, UMB Bank n.a. lifted its holdings in TKO Group by 72.8% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

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.