Insider Buying: TKO Group Holdings, Inc. (NYSE:TKO) CEO Purchases $16,075,015.52 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel acquired 105,038 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were bought at an average price of $153.04 per share, for a total transaction of $16,075,015.52. Following the completion of the transaction, the chief executive officer now owns 1,257,800 shares of the company’s stock, valued at approximately $192,493,712. This trade represents a 9.11 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, January 22nd, Ariel Emanuel bought 115,952 shares of TKO Group stock. The stock was purchased at an average price of $143.85 per share, with a total value of $16,679,695.20.
• On Thursday, December 12th, Ariel Emanuel purchased 60,208 shares of TKO Group stock. The shares were purchased at an average price of $143.73 per share, for a total transaction of $8,653,695.84.

TKO Group Trading Down 1.0 %

Shares of NYSE:TKO opened at $156.81 on Thursday. 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 company has a market capitalization of $26.78 billion, a PE ratio of -373.36 and a beta of 1.07. TKO Group Holdings, Inc. has a 12-month low of $78.69 and a 12-month high of $159.53. The business’s fifty day simple moving average is $142.95 and its 200-day simple moving average is $126.81.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 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 for the quarter, compared to analysts’ expectations of $665.12 million. During the same period in the previous year, the company posted $0.52 earnings per share. The business’s quarterly revenue was up 51.7% compared to the same quarter last year. As a group, equities research analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TKO Group

A number of large investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA increased its position in TKO Group by 29.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock valued at $210,892,000 after buying an additional 383,869 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of TKO Group by 59.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock valued at $119,940,000 after acquiring an additional 362,460 shares in the last quarter. State Street Corp raised its position in shares of TKO Group by 10.4% in the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock valued at $253,966,000 after purchasing an additional 192,602 shares during the last quarter. Ninety One UK Ltd boosted its stake in TKO Group by 4.1% in the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock worth $589,985,000 after purchasing an additional 163,980 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in TKO Group by 9.5% during the 2nd quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock worth $194,467,000 after purchasing an additional 155,940 shares during the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Pivotal Research boosted their target price on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. UBS Group upped their price objective on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Roth Mkm lifted their target price on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Citigroup upped their price target on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Finally, The Goldman Sachs Group raised their price target on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $144.77.

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.