Ariel Emanuel Purchases 92,559 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel bought 92,559 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was purchased at an average cost of $157.69 per share, for a total transaction of $14,595,628.71. Following the transaction, the chief executive officer now owns 1,439,593 shares of the company’s stock, valued at $227,009,420.17. This trade represents a 6.87 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, January 30th, Ariel Emanuel bought 66,021 shares of TKO Group stock. The shares were purchased at an average price of $158.39 per share, with a total value of $10,457,066.19.
• On Friday, January 24th, Ariel Emanuel purchased 105,038 shares of TKO Group stock. The shares were acquired at an average price of $153.04 per share, for a total transaction of $16,075,015.52.
• On Wednesday, January 22nd, Ariel Emanuel acquired 115,952 shares of TKO Group stock. The stock was acquired 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 Trading Down 1.6 %

NYSE TKO opened at $155.03 on Friday. The firm’s fifty day moving average price is $143.75 and its 200 day moving average price is $127.36. TKO Group Holdings, Inc. has a 12 month low of $78.69 and a 12 month high of $159.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $26.47 billion, a price-to-earnings ratio of -369.12 and a beta of 1.07.

TKO Group (NYSE:TKO) last issued its quarterly earnings data 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). The firm had revenue of $681.20 million for the quarter, compared to analysts’ expectations of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The business’s revenue for the quarter was up 51.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 EPS. On average, sell-side analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TKO Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of TKO Group by 52.4% during 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 last quarter. Geneos Wealth Management Inc. purchased a new position in shares of TKO Group in the 4th quarter valued at approximately $32,000. First Horizon Advisors Inc. increased its holdings in shares of TKO Group by 491.5% in the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after purchasing an additional 231 shares during the period. Game Plan Financial Advisors LLC increased its holdings in shares of TKO Group by 172.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after purchasing an additional 155 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of TKO Group by 72.8% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after purchasing an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Wall Street Analyst Weigh In

TKO has been the subject of several research reports. JPMorgan Chase & Co. boosted their price target on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. TD Cowen upped their price target on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. UBS Group upped their target price on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group raised their target price on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and an average price target of $144.77.

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.