Insider Buying: TKO Group Holdings, Inc. (NYSE:TKO) CEO Purchases 76,587 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel bought 76,587 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was bought at an average cost of $157.13 per share, with a total value of $12,034,115.31. Following the transaction, the chief executive officer now directly owns 1,857,116 shares of the company’s stock, valued at approximately $291,808,637.08. This trade represents a 4.30 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Thursday, January 30th, Ariel Emanuel purchased 66,021 shares of TKO Group stock. The shares were bought at an average cost of $158.39 per share, for a total transaction 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 purchased 105,038 shares of TKO Group stock. The shares were 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 acquired 115,952 shares of TKO Group stock. The stock was purchased 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 acquired at an average cost of $143.73 per share, for a total transaction of $8,653,695.84.

TKO Group Stock Performance

TKO stock traded up $0.50 during midday trading on Tuesday, reaching $157.55. The company had a trading volume of 733,412 shares, compared to its average volume of 821,101. The firm has a market capitalization of $26.90 billion, a PE ratio of -375.12 and a beta of 1.06. The stock has a 50 day moving average price of $144.56 and a 200 day moving average price of $128.40. TKO Group Holdings, Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $159.72. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO) last issued 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). The company had revenue of $681.20 million for the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. TKO Group’s quarterly revenue was up 51.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 earnings per share. Analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group raised their price objective on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note 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. JPMorgan Chase & Co. increased their price objective on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Pivotal Research boosted their target price on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, UBS Group upped their target price on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Two 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $144.77.

Institutional Trading of TKO Group

Large investors have recently modified their holdings of the company. Blue Trust Inc. boosted its stake in TKO Group by 52.4% during the 3rd 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. bought a new stake in shares of TKO Group during the fourth quarter valued at approximately $32,000. First Horizon Advisors Inc. boosted its position 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 worth $34,000 after buying an additional 231 shares during the period. Game Plan Financial Advisors LLC grew its holdings in TKO Group by 172.2% in the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after buying an additional 155 shares in the last quarter. Finally, UMB Bank n.a. increased its position in 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 acquiring an additional 115 shares during the period. Institutional investors and hedge funds 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.