TKO Group Holdings, Inc. (NYSE:TKO) CAO Sells $146,765.96 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) CAO Shane Kapral sold 1,034 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $146,765.96. Following the sale, the chief accounting officer now directly owns 2,225 shares in the company, valued at approximately $315,816.50. The trade was a 31.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

TKO Group Price Performance

TKO Group stock opened at $142.02 on Thursday. The stock has a market cap of $24.25 billion, a price-to-earnings ratio of -338.14 and a beta of 1.07. The firm has a 50-day moving average of $135.19 and a two-hundred day moving average of $122.94. TKO Group Holdings, Inc. has a 1 year low of $75.35 and a 1 year high of $149.40. 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 announced 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 during 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%. The firm’s revenue for the quarter was up 51.7% compared to the same quarter last year. During the same period last year, the company earned $0.52 EPS. On average, research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TKO shares. Guggenheim increased their price target on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 30th. Roth Mkm upped their price objective on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. TD Cowen lifted their target price on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Pivotal Research increased their price target on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Citigroup boosted their price objective on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, TKO Group currently has a consensus rating of “Moderate Buy” and an average price target of $139.29.

Hedge Funds Weigh In On TKO Group

Several institutional investors have recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after acquiring an additional 89 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of TKO Group by 491.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after purchasing an additional 231 shares during the period. Signaturefd LLC boosted its stake in shares of TKO Group by 39.4% during the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after purchasing an additional 109 shares in the last quarter. Quarry LP purchased a new position in TKO Group during the second quarter valued at approximately $51,000. Finally, International Assets Investment Management LLC raised its stake in TKO Group by 12,275.0% in the third quarter. International Assets Investment Management LLC now owns 495 shares of the company’s stock worth $61,000 after buying an additional 491 shares in the last quarter. Hedge funds and other institutional investors 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.