Ariel Emanuel Acquires 92,559 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel purchased 92,559 shares of TKO Group stock in a transaction that occurred on Tuesday, January 28th. The stock was purchased at an average price of $157.69 per share, with a total value of $14,595,628.71. Following the completion of the purchase, the chief executive officer now directly owns 1,439,593 shares in the company, valued at $227,009,420.17. This trade represents a 6.87 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Ariel Emanuel also recently made the following trade(s):

• On Thursday, January 30th, Ariel Emanuel bought 66,021 shares of TKO Group stock. The stock was acquired at an average cost of $158.39 per share, with a total value of $10,457,066.19.
• On Friday, January 24th, Ariel Emanuel purchased 105,038 shares of TKO Group stock. The shares were acquired at an average cost of $153.04 per share, for a total transaction of $16,075,015.52.
• On Wednesday, January 22nd, Ariel Emanuel acquired 115,952 shares of TKO Group stock. The stock was acquired at an average cost of $143.85 per share, with a total value of $16,679,695.20.
• On Thursday, December 12th, Ariel Emanuel bought 60,208 shares of TKO Group stock. The shares were acquired at an average cost of $143.73 per share, for a total transaction of $8,653,695.84.

TKO Group Stock Performance

Shares of TKO stock opened at $157.44 on Friday. TKO Group Holdings, Inc. has a twelve month low of $78.69 and a twelve month high of $159.72. The stock’s fifty day simple moving average is $143.36 and its 200 day simple moving average is $127.02. 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 (NYSE:TKO) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $681.20 million during the quarter, compared to analyst estimates of $665.12 million. During the same period in the prior year, the company earned $0.52 EPS. The business’s quarterly revenue was up 51.7% compared to the same quarter last year. On average, sell-side analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

TKO has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Roth Mkm boosted their price target on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Citigroup increased their price objective on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Benchmark cut shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, UBS Group increased their price target on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.77.

Hedge Funds Weigh In On TKO Group

A number of hedge funds have recently modified their holdings of TKO. Bank of Montreal Can increased its holdings in TKO Group by 2.8% in the second quarter. Bank of Montreal Can now owns 6,652 shares of the company’s stock valued at $719,000 after purchasing an additional 184 shares during the period. AQR Capital Management LLC bought a new stake in shares of TKO Group in the 2nd quarter valued at about $232,000. Darlington Partners Capital Management LP increased its stake in shares of TKO Group by 3.1% in the second quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock valued at $331,065,000 after buying an additional 90,868 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of TKO Group by 1.6% during the second quarter. The Manufacturers Life Insurance Company now owns 54,653 shares of the company’s stock worth $5,902,000 after acquiring an additional 861 shares during the last quarter. Finally, Algert Global LLC bought a new stake in TKO Group in the second quarter valued at approximately $2,515,000. 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.