Insider Buying: TKO Group Holdings, Inc. (NYSE:TKO) CEO Acquires 66,021 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel purchased 66,021 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was purchased at an average cost of $158.39 per share, with a total value of $10,457,066.19. Following the purchase, the chief executive officer now owns 1,605,610 shares in the company, valued at $254,312,567.90. This represents a 4.29 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, January 28th, Ariel Emanuel purchased 92,559 shares of TKO Group stock. The stock was purchased at an average cost of $157.69 per share, with a total value of $14,595,628.71.
• On Friday, January 24th, Ariel Emanuel purchased 105,038 shares of TKO Group stock. The stock was purchased at an average cost of $153.04 per share, with a total value of $16,075,015.52.
• On Wednesday, January 22nd, Ariel Emanuel bought 115,952 shares of TKO Group stock. The shares were bought 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 bought at an average cost of $143.73 per share, with a total value of $8,653,695.84.

TKO Group Stock Performance

Shares of NYSE TKO opened at $155.03 on Friday. The business has a fifty day simple moving average of $143.75 and a 200 day simple moving average of $127.36. 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 firm has a market capitalization of $26.47 billion, a price-to-earnings ratio of -369.12 and a beta of 1.07. TKO Group Holdings, Inc. has a one year low of $78.69 and a one year high of $159.72.

TKO Group (NYSE:TKO) last issued 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 firm had revenue of $681.20 million during the quarter, compared to analyst estimates of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The business’s revenue for the quarter was up 51.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 earnings per share. Sell-side analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TKO. Blue Trust Inc. raised its stake in TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after acquiring an additional 89 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in TKO Group during the fourth quarter worth $32,000. First Horizon Advisors Inc. raised 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 worth $34,000 after acquiring an additional 231 shares in the last quarter. Game Plan Financial Advisors LLC raised its stake in TKO Group by 172.2% during the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after acquiring an additional 155 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in TKO Group by 72.8% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after acquiring an additional 115 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TKO. TD Cowen upped their target price on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. The Goldman Sachs Group upped their target price on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. UBS Group upped their target price on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. upped their price target on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Two 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, the company has an average rating of “Moderate Buy” and a consensus target price of $144.77.

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.