TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel Buys 66,021 Shares

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel bought 66,021 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were 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 directly owns 1,605,610 shares of the company’s stock, valued at $254,312,567.90. The trade was a 4.29 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

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

TKO Group Price Performance

Shares of NYSE:TKO opened at $157.44 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 12-month low of $78.69 and a 12-month high of $159.72. The stock’s 50-day moving average price is $143.36 and its 200-day moving average price is $127.02.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). The company had revenue of $681.20 million for the quarter, compared to analysts’ expectations of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The firm’s revenue for the quarter was up 51.7% compared to the same quarter last year. During the same period in the previous year, the firm 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 Trading of TKO Group

Hedge funds have recently modified their holdings of the business. Blue Trust Inc. raised its holdings in TKO Group by 52.4% in the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after buying an additional 89 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in TKO Group during the fourth quarter valued at approximately $32,000. First Horizon Advisors Inc. raised its stake in shares of TKO Group by 491.5% in the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after buying an additional 231 shares during the period. Game Plan Financial Advisors LLC increased its stake in shares of TKO Group by 172.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after purchasing an additional 155 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in TKO Group by 72.8% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after acquiring an additional 115 shares during the period. Institutional investors own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TKO shares. Benchmark cut shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Roth Mkm increased their price target on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Citigroup boosted 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. TD Cowen boosted their target price on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Finally, UBS Group lifted their price target on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.