Insider Buying: TKO Group Holdings, Inc. (NYSE:TKO) CEO Acquires $11,718,252.30 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel purchased 72,970 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were acquired at an average cost of $160.59 per share, with a total value of $11,718,252.30. Following the completion of the purchase, the chief executive officer now directly owns 2,011,105 shares in the company, valued at $322,963,351.95. The trade was a 3.76 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Tuesday, February 4th, Ariel Emanuel bought 76,587 shares of TKO Group stock. The stock was acquired at an average price of $157.13 per share, for a total transaction of $12,034,115.31.
• On Thursday, January 30th, Ariel Emanuel bought 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 shares were bought at an average price of $157.69 per share, with a total value of $14,595,628.71.
• On Friday, January 24th, Ariel Emanuel bought 105,038 shares of TKO Group stock. The stock was bought at an average price of $153.04 per share, for a total transaction of $16,075,015.52.
• On Wednesday, January 22nd, Ariel Emanuel purchased 115,952 shares of TKO Group stock. The shares were bought at an average cost of $143.85 per share, with a total value of $16,679,695.20.
• On Thursday, December 12th, Ariel Emanuel acquired 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 Price Performance

NYSE TKO opened at $166.69 on Monday. The firm’s fifty day simple moving average is $146.05 and its two-hundred day simple moving average is $129.60. The firm has a market capitalization of $28.47 billion, a P/E ratio of -396.88 and a beta of 1.06. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 12-month low of $78.69 and a 12-month high of $168.25.

Wall Street Analyst Weigh In

TKO has been the subject of several research reports. TD Cowen upped 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. The Goldman Sachs Group upped their price objective on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. raised their target price on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Pivotal Research upped their price target 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 increased their price objective 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 research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $148.08.

Institutional Trading of TKO Group

Institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC raised its stake in TKO Group by 559.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after buying an additional 151 shares during the last quarter. Blue Trust Inc. raised its position in shares of TKO Group by 52.4% in 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 last quarter. Geneos Wealth Management Inc. acquired a new stake in TKO Group in the 4th quarter worth approximately $32,000. First Horizon Advisors Inc. grew its position in TKO Group by 491.5% during 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 last quarter. Finally, Game Plan Financial Advisors LLC increased its stake in 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 purchasing an additional 155 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

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.