TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel Acquires 72,970 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKOGet Free Report) CEO Ariel Emanuel acquired 72,970 shares of the stock in a transaction on Thursday, February 6th. The shares were bought at an average price of $160.59 per share, for a total transaction of $11,718,252.30. Following the purchase, the chief executive officer now owns 2,011,105 shares in the company, valued at approximately $322,963,351.95. This trade represents a 3.76 % increase in their ownership of the stock. The purchase 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, February 4th, Ariel Emanuel bought 76,587 shares of TKO Group stock. The shares were bought at an average cost of $157.13 per share, for a total transaction of $12,034,115.31.
  • On Thursday, January 30th, Ariel Emanuel purchased 66,021 shares of TKO Group stock. The stock was bought at an average cost of $158.39 per share, with a total value of $10,457,066.19.
  • On Tuesday, January 28th, Ariel Emanuel acquired 92,559 shares of TKO Group stock. The shares were purchased at an average price of $157.69 per share, for a total transaction of $14,595,628.71.
  • On Friday, January 24th, Ariel Emanuel bought 105,038 shares of TKO Group stock. The stock was purchased at an average price of $153.04 per share, with a total value of $16,075,015.52.
  • On Wednesday, January 22nd, Ariel Emanuel purchased 115,952 shares of TKO Group stock. The shares were purchased at an average price of $143.85 per share, for a total transaction of $16,679,695.20.
  • On Thursday, December 12th, Ariel Emanuel acquired 60,208 shares of TKO Group stock. The shares were purchased at an average price of $143.73 per share, with a total value of $8,653,695.84.

TKO Group Stock Performance

Shares of NYSE:TKO opened at $166.69 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 52 week low of $78.69 and a 52 week high of $168.25. The firm’s fifty day moving average is $146.05 and its 200-day moving average is $129.28.

TKO Group (NYSE:TKOGet Free Report) last announced its 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). The company had revenue of $681.20 million for the quarter, compared to analyst estimates of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The firm’s quarterly revenue 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. Research analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TKO. JPMorgan Chase & Co. lifted their price target on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. UBS Group lifted their target price on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. TD Cowen increased their target price on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. 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 research note on Tuesday, December 17th. Finally, Roth Mkm upped their price objective on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, TKO Group presently has an average rating of “Moderate Buy” and an average target price of $148.08.

Check Out Our Latest Stock Analysis on TKO

Hedge Funds Weigh In On TKO Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC increased its position in TKO Group by 8.7% during the 4th quarter. HighTower Advisors LLC now owns 28,485 shares of the company’s stock valued at $4,048,000 after purchasing an additional 2,288 shares during the period. Moran Wealth Management LLC boosted its stake in shares of TKO Group by 1.7% in the 4th quarter. Moran Wealth Management LLC now owns 19,439 shares of the company’s stock valued at $2,762,000 after purchasing an additional 327 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of TKO Group by 21.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,953 shares of the company’s stock worth $2,836,000 after buying an additional 3,572 shares during the period. Barings LLC bought a new position in TKO Group during the fourth quarter worth $1,327,000. Finally, Machina Capital S.A.S. acquired a new position in TKO Group in the fourth quarter valued at $213,000. 89.79% of the stock is owned by institutional investors and hedge funds.

About TKO Group

(Get Free Report)

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.

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