Insider Buying: TKO Group Holdings, Inc. (NYSE:TKO) CEO Acquires 115,952 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel acquired 115,952 shares of the stock in a transaction on Wednesday, January 22nd. The shares were purchased at an average cost of $143.85 per share, with a total value of $16,679,695.20. Following the transaction, the chief executive officer now directly owns 1,031,804 shares of the company’s stock, valued at approximately $148,425,005.40. This trade represents a 12.66 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, December 12th, Ariel Emanuel purchased 60,208 shares of TKO Group stock. The shares were acquired at an average cost of $143.73 per share, with a total value of $8,653,695.84.

TKO Group Stock Up 6.3 %

TKO opened at $151.93 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. The firm has a 50 day moving average price of $140.68 and a 200-day moving average price of $125.46. TKO Group Holdings, Inc. has a twelve month low of $78.69 and a twelve month high of $153.89. The stock has a market capitalization of $25.94 billion, a price-to-earnings ratio of -361.73 and a beta of 1.07.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share 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%. TKO Group’s quarterly revenue was up 51.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 earnings per share. Equities research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TKO shares. JPMorgan Chase & Co. lifted their target price on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. The Goldman Sachs Group lifted their price objective on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Roth Mkm lifted their price objective on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Citigroup lifted their price target on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, TKO Group has an average rating of “Moderate Buy” and an average price target of $139.29.

Institutional Trading of TKO Group

A number of hedge funds have recently bought and sold shares of TKO. Geneos Wealth Management Inc. purchased a new stake in shares of TKO Group during the 4th quarter valued at about $32,000. Blue Trust Inc. increased its holdings in TKO Group by 52.4% during 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 during the last quarter. UMB Bank n.a. raised its position in TKO Group by 72.8% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after acquiring an additional 115 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of TKO Group by 491.5% during the 3rd 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 last quarter. Finally, Brooklyn Investment Group grew its position in shares of TKO Group by 213.0% during the 4th quarter. Brooklyn Investment Group now owns 360 shares of the company’s stock valued at $51,000 after acquiring an additional 245 shares during the period. Hedge funds and other institutional investors own 89.79% of the company’s stock.

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.