TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel Purchases 60,208 Shares

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel purchased 60,208 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average cost of $143.73 per share, with a total value of $8,653,695.84. Following the completion of the acquisition, the chief executive officer now owns 1,734,530 shares in the company, valued at $249,303,996.90. The trade was a 3.60 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

TKO Group Price Performance

TKO stock traded down $1.47 during midday trading on Friday, reaching $141.96. 855,172 shares of the stock were exchanged, compared to its average volume of 1,047,224. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $24.24 billion, a PE ratio of -338.00 and a beta of 1.09. TKO Group Holdings, Inc. has a 52 week low of $74.25 and a 52 week high of $145.69. The company has a fifty day moving average price of $128.24 and a 200 day moving average price of $118.28.

TKO Group (NYSE:TKO) last released its quarterly 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 firm had revenue of $681.20 million for the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The business’s revenue for the quarter was up 51.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 earnings per share. As a group, analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Analysts Set New Price Targets

TKO has been the subject of a number of research reports. Benchmark downgraded TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. The Goldman Sachs Group boosted their price objective on shares of TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Guggenheim raised their target price on shares of TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 30th. JPMorgan Chase & Co. upped their target price on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Pivotal Research upped their price target on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.93.

Institutional Trading of TKO Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TKO. Blue Trust Inc. increased its holdings in TKO Group by 52.4% in the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after purchasing an additional 89 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in shares of TKO Group by 3.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock worth $379,000 after purchasing an additional 97 shares in the last quarter. Quent Capital LLC grew its stake in shares of TKO Group by 17.4% in the 3rd quarter. Quent Capital LLC now owns 680 shares of the company’s stock valued at $84,000 after buying an additional 101 shares during the period. Signaturefd LLC increased its position in TKO Group by 39.4% in the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after buying an additional 109 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in TKO Group by 6.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,126 shares of the company’s stock worth $263,000 after buying an additional 125 shares during the period. 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.