TKO Group Holdings, Inc. (NYSE:TKO) Insider Mark S. Shapiro Sells 31,666 Shares

TKO Group Holdings, Inc. (NYSE:TKO) insider Mark S. Shapiro sold 31,666 shares of the business’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 $4,494,672.04. Following the completion of the transaction, the insider now directly owns 73,677 shares in the company, valued at approximately $10,457,713.38. This represents a 30.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

TKO Group Trading Down 0.5 %

Shares of TKO Group stock traded down $0.66 during trading on Monday, hitting $141.74. 740,863 shares of the company were exchanged, compared to its average volume of 589,310. The firm has a market capitalization of $24.20 billion, a P/E ratio of -337.48 and a beta of 1.07. The firm’s fifty day moving average price is $134.17 and its 200 day moving average price is $122.56. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group Holdings, Inc. has a 1-year low of $75.35 and a 1-year high of $149.40.

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

Hedge Funds Weigh In On TKO Group

Institutional investors have recently modified their holdings of the business. Blue Trust Inc. lifted its stake in TKO Group by 52.4% in the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after buying an additional 89 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of 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 during the period. Signaturefd LLC lifted 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 acquiring an additional 109 shares in the last quarter. Quarry LP acquired a new position in TKO Group in the 2nd quarter worth $51,000. Finally, International Assets Investment Management LLC increased its holdings in TKO Group by 12,275.0% during the 3rd quarter. International Assets Investment Management LLC now owns 495 shares of the company’s stock worth $61,000 after purchasing an additional 491 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. The Goldman Sachs Group lifted their price target on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. upped their target price on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Citigroup raised their price target on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Guggenheim upped their price objective on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, Roth Mkm lifted their target price on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and an average target price of $136.79.

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.