TKO Group Target of Unusually High Options Trading (NYSE:TKO)

TKO Group Holdings, Inc. (NYSE:TKO) saw some unusual options trading on Wednesday. Stock investors acquired 5,061 put options on the stock. This represents an increase of 72% compared to the typical volume of 2,945 put options.

TKO Group Stock Up 0.9 %

NYSE:TKO traded up $1.22 during mid-day trading on Wednesday, hitting $132.11. 208,149 shares of the company’s stock were exchanged, compared to its average volume of 1,043,688. TKO Group has a one year low of $72.33 and a one year high of $132.48. The business has a fifty day moving average price of $122.01 and a 200 day moving average price of $113.99. The company has a market cap of $22.56 billion, a PE ratio of -311.69 and a beta of 1.06. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate 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 negative net margin of 1.26% and a positive return on equity of 3.39%. TKO Group’s revenue was up 51.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 earnings per share. Equities analysts predict that TKO Group will post 3.88 EPS for the current year.

Insider Activity at TKO Group

In other news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the completion of the sale, the insider now owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. This represents a 42.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 53.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TKO Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of TKO Group by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 6,074,522 shares of the company’s stock worth $524,899,000 after purchasing an additional 79,166 shares in the last quarter. Ninety One UK Ltd boosted its position in shares of TKO Group by 15.9% during the second quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock valued at $439,004,000 after buying an additional 557,444 shares during the last quarter. Darlington Partners Capital Management LP increased its holdings in TKO Group by 3.1% in the 2nd quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock worth $331,065,000 after buying an additional 90,868 shares in the last quarter. State Street Corp raised its position in TKO Group by 10.4% in the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after buying an additional 192,602 shares during the last quarter. Finally, XN LP lifted its stake in TKO Group by 100.9% during the 1st quarter. XN LP now owns 1,983,346 shares of the company’s stock valued at $171,381,000 after acquiring an additional 996,161 shares during the period. Institutional investors own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. UBS Group increased their price target on shares of TKO Group from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Guggenheim boosted their price target on TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 30th. JPMorgan Chase & Co. upped their price target on TKO Group from $132.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Pivotal Research lifted their price objective on TKO Group from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group upped their target price on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.00.

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.