Ariel Emanuel Purchases 116,256 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel acquired 116,256 shares of the business’s stock in a transaction on Monday, February 10th. The stock was bought at an average cost of $172.03 per share, for a total transaction of $19,999,519.68. Following the completion of the transaction, the chief executive officer now directly owns 2,305,222 shares of the company’s stock, valued at $396,567,340.66. This trade represents a 5.31 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, February 12th, Ariel Emanuel bought 117,769 shares of TKO Group stock. The stock was bought at an average price of $175.40 per share, with a total value of $20,656,682.60.
• On Thursday, February 6th, Ariel Emanuel purchased 72,970 shares of TKO Group stock. The shares were bought at an average cost of $160.59 per share, for a total transaction of $11,718,252.30.
• On Tuesday, February 4th, Ariel Emanuel acquired 76,587 shares of TKO Group stock. The stock was purchased at an average cost of $157.13 per share, with a total value of $12,034,115.31.
• On Thursday, January 30th, Ariel Emanuel bought 66,021 shares of TKO Group stock. The stock was purchased at an average price of $158.39 per share, with a total value of $10,457,066.19.
• On Tuesday, January 28th, Ariel Emanuel purchased 92,559 shares of TKO Group stock. The shares were purchased at an average cost of $157.69 per share, for a total transaction of $14,595,628.71.
• On Friday, January 24th, Ariel Emanuel acquired 105,038 shares of TKO Group stock. The stock was purchased at an average cost of $153.04 per share, with a total value of $16,075,015.52.
• On Wednesday, January 22nd, Ariel Emanuel bought 115,952 shares of TKO Group stock. The shares were acquired 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 stock was acquired at an average price of $143.73 per share, for a total transaction of $8,653,695.84.

TKO Group Price Performance

Shares of NYSE:TKO opened at $174.49 on Friday. The company has a market cap of $29.80 billion, a PE ratio of -415.45 and a beta of 1.06. TKO Group Holdings, Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $179.09. The firm has a 50-day simple moving average of $148.99 and a 200 day simple moving average of $131.18. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

Analysts Set New Price Targets

TKO has been the topic of several analyst reports. The Goldman Sachs Group lifted their price objective on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. TD Cowen lifted their price target on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Pivotal Research increased their price objective on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Seaport Res Ptn downgraded shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Citigroup upped their target price 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. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TKO Group presently has an average rating of “Moderate Buy” and a consensus target price of $148.08.

Hedge Funds Weigh In On TKO Group

Institutional investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its holdings in shares of TKO Group by 559.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock worth $26,000 after purchasing an additional 151 shares during the last quarter. Blue Trust Inc. increased its position 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 period. Geneos Wealth Management Inc. bought a new stake in TKO Group in the fourth quarter valued at $32,000. First Horizon Advisors Inc. boosted 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 valued at $34,000 after acquiring an additional 231 shares during the period. Finally, Game Plan Financial Advisors LLC boosted its holdings in shares of TKO Group by 172.2% during the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after acquiring an additional 155 shares during the period. 89.79% of the stock is owned by institutional investors.

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.