TKO Group Sees Unusually High Options Volume (NYSE:TKO)

TKO Group Holdings, Inc. (NYSE:TKO) was the recipient of unusually large options trading activity on Tuesday. Stock investors acquired 116,901 put options on the company. This represents an increase of approximately 2,296% compared to the typical volume of 4,879 put options.

Insider Buying and Selling

In other TKO Group news, major shareholder Patrick Whitesell purchased 263,200 shares of TKO Group stock in a transaction dated Monday, December 16th. The stock was acquired at an average price of $146.97 per share, for a total transaction of $38,682,504.00. Following the acquisition, the insider now owns 418,587 shares in the company, valued at $61,519,731.39. This trade represents a 169.38 % 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, CFO Andrew M. Schleimer sold 5,419 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $769,172.86. Following the sale, the chief financial officer now owns 6,995 shares of the company’s stock, valued at $992,870.30. This trade represents a 43.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 2,498,297 shares of company stock worth $387,671,461 and sold 71,457 shares worth $10,153,456. 53.80% of the stock is owned by company insiders.

Institutional Trading of TKO Group

Large investors have recently bought and sold shares of the business. Park Avenue Securities LLC lifted its position in shares of TKO Group by 59.2% during the 4th quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock valued at $1,848,000 after acquiring an additional 4,836 shares during the period. Retirement Systems of Alabama boosted its position in shares of TKO Group by 11.0% in the third quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock worth $9,984,000 after acquiring an additional 8,006 shares during the last quarter. HighTower Advisors LLC boosted its holdings in TKO Group by 177.2% in the third quarter. HighTower Advisors LLC now owns 26,197 shares of the company’s stock valued at $3,225,000 after acquiring an additional 16,746 shares during the last quarter. Petrus Trust Company LTA purchased a new stake in shares of TKO Group during the 3rd quarter worth about $597,000. Finally, Principal Financial Group Inc. increased its holdings in TKO Group by 1.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock valued at $154,185,000 after purchasing an additional 13,148 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Trading Up 0.2 %

NYSE TKO opened at $176.82 on Thursday. The firm’s fifty day moving average price is $148.39 and its 200 day moving average price is $130.87. TKO Group has a 12 month low of $78.69 and a 12 month high of $178.13. 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 company has a market capitalization of $30.20 billion, a price-to-earnings ratio of -421.00 and a beta of 1.06.

Analysts Set New Price Targets

A number of research analysts have issued reports on TKO shares. JPMorgan Chase & Co. upped their price target on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Pivotal Research raised their target price on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. TD Cowen lifted their price objective on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. 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 note on Tuesday, January 7th. Finally, Roth Mkm raised their price target on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.08.

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.