TKO Group Holdings, Inc. (NYSE:TKO) CFO Sells $469,507.00 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) CFO Andrew M. Schleimer sold 3,265 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $143.80, for a total value of $469,507.00. Following the transaction, the chief financial officer now directly owns 9,563 shares in the company, valued at $1,375,159.40. This trade represents a 25.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

TKO Group Trading Up 6.3 %

TKO Group stock opened at $151.93 on Friday. TKO Group Holdings, Inc. has a 52 week low of $78.69 and a 52 week high of $153.89. The firm has a market capitalization of $25.94 billion, a PE ratio of -361.73 and a beta of 1.07. The business’s 50-day simple moving average is $140.68 and its 200-day simple moving average is $125.46. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $681.20 million for the quarter, compared to analyst estimates of $665.12 million. During the same period in the prior year, the company posted $0.52 EPS. The firm’s quarterly revenue was up 51.7% on a year-over-year basis. Equities research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Institutional Trading of TKO Group

A number of hedge funds have recently modified their holdings of the company. Blue Trust Inc. increased its position in shares of 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 purchasing an additional 89 shares during the period. Geneos Wealth Management Inc. acquired a new stake in TKO Group during the fourth quarter worth $32,000. First Horizon Advisors Inc. increased its holdings in TKO Group by 491.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after buying an additional 231 shares during the period. UMB Bank n.a. raised its stake in shares of TKO Group by 72.8% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after buying an additional 115 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after acquiring an additional 109 shares during the period. Institutional investors own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

TKO has been the topic of a number of research analyst reports. Roth Mkm raised their price objective on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Pivotal Research raised their target price on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. 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 report on Thursday, December 12th. TD Cowen boosted their price objective on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Finally, UBS Group raised their price target on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $139.29.

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.