Ariel Emanuel Buys 105,038 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel bought 105,038 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were acquired at an average cost of $153.04 per share, for a total transaction of $16,075,015.52. Following the completion of the acquisition, the chief executive officer now directly owns 1,257,800 shares in the company, valued at $192,493,712. The trade was a 9.11 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

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

TKO Group Stock Performance

NYSE TKO opened at $153.45 on Tuesday. TKO Group Holdings, Inc. has a 1 year low of $78.69 and a 1 year high of $154.25. The firm has a market capitalization of $26.20 billion, a price-to-earnings ratio of -365.35 and a beta of 1.07. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm’s 50 day simple moving average is $141.92 and its 200 day simple moving average is $126.27.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. During the same quarter in the previous year, the business posted $0.52 EPS. The company’s revenue for the quarter was up 51.7% on a year-over-year basis. As a group, research analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Benchmark cut shares of TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their target price on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Guggenheim boosted their price target on TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Pivotal Research increased their price objective on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, The Goldman Sachs Group lifted their target price on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, TKO Group has a consensus rating of “Moderate Buy” and an average target price of $141.21.

Institutional Investors Weigh In On TKO Group

Hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. grew its stake in shares of TKO Group by 28.2% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $47,000 after buying an additional 73 shares during the last quarter. Coldstream Capital Management Inc. raised its position in TKO Group by 3.3% in the third quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock valued at $379,000 after purchasing an additional 97 shares during the last quarter. Quent Capital LLC boosted its stake in shares of TKO Group by 17.4% during the third quarter. Quent Capital LLC now owns 680 shares of the company’s stock valued at $84,000 after purchasing an additional 101 shares in the last quarter. Signaturefd LLC grew its holdings in shares of TKO Group by 39.4% during the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after purchasing an additional 109 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of TKO Group by 72.8% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after buying an additional 115 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

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.