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 that occurred on Tuesday, February 4th. The shares were acquired at an average cost of $157.13 per share, for a total transaction of $12,034,115.31. Following the completion of the acquisition, the chief executive officer now directly owns 1,857,116 shares in the company, valued at $291,808,637.08. The trade was a 4.30 % 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 Thursday, January 30th, Ariel Emanuel acquired 66,021 shares of TKO Group stock. The shares were bought at an average cost of $158.39 per share, with a total value of $10,457,066.19.
• On Tuesday, January 28th, Ariel Emanuel acquired 92,559 shares of TKO Group stock. The stock was bought at an average cost of $157.69 per share, for a total transaction of $14,595,628.71.
• On Friday, January 24th, Ariel Emanuel bought 105,038 shares of TKO Group stock. The shares were bought at an average cost of $153.04 per share, with a total value of $16,075,015.52.
• On Wednesday, January 22nd, Ariel Emanuel purchased 115,952 shares of TKO Group stock. The stock was bought at an average cost of $143.85 per share, for a total transaction of $16,679,695.20.
• On Thursday, December 12th, Ariel Emanuel bought 60,208 shares of TKO Group stock. The stock was purchased at an average cost of $143.73 per share, for a total transaction of $8,653,695.84.

TKO Group Trading Up 0.2 %

Shares of TKO stock opened at $161.29 on Friday. TKO Group Holdings, Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $161.47. The stock’s fifty day moving average price is $145.48 and its two-hundred day moving average price is $128.86. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $27.54 billion, a PE ratio of -384.02 and a beta of 1.06.

TKO Group (NYSE:TKO) last released its quarterly earnings data 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). 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 analyst estimates of $665.12 million. During the same period last year, the business earned $0.52 earnings per share. The business’s quarterly revenue was up 51.7% compared to the same quarter last year. Equities analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TKO. JPMorgan Chase & Co. boosted their price target on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. UBS Group upped their price target 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. Citigroup lifted their price objective on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, TD Cowen lifted their price target on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and a consensus price target of $148.08.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC increased its position in TKO Group by 559.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock worth $26,000 after purchasing an additional 151 shares in the last quarter. Blue Trust Inc. grew its stake 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. acquired a new position in shares of TKO Group during the fourth quarter worth $32,000. First Horizon Advisors Inc. lifted its stake 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 valued at $34,000 after acquiring an additional 231 shares during the last quarter. Finally, Game Plan Financial Advisors LLC boosted its holdings in shares of TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after acquiring an additional 155 shares in the last quarter. 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.