Seth D. Krauss Sells 2,438 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) insider Seth D. Krauss sold 2,438 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $143.80, for a total transaction of $350,584.40. Following the completion of the transaction, the insider now owns 7,983 shares of the company’s stock, valued at $1,147,955.40. This represents a 23.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

TKO Group Price Performance

TKO Group stock opened at $151.93 on Friday. The company has a market cap of $25.94 billion, a P/E ratio of -361.73 and a beta of 1.07. TKO Group Holdings, Inc. has a one year low of $78.69 and a one year high of $153.89. The business has a fifty day moving average of $140.68 and a two-hundred day moving average of $125.46. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 EPS 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 company had revenue of $681.20 million during the quarter, compared to analyst estimates of $665.12 million. During the same quarter last year, the business earned $0.52 EPS. The firm’s revenue for the quarter was up 51.7% on a year-over-year basis. As a group, analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on TKO. TD Cowen upped their target price on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group increased their price objective on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Pivotal Research upped their price target on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Roth Mkm raised their price objective on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Guggenheim increased their target price on shares of TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and an average price target of $139.29.

Institutional Investors Weigh In On TKO Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. raised its holdings in 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 purchasing an additional 89 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of TKO Group in the fourth quarter valued at $32,000. First Horizon Advisors Inc. raised its stake in shares of 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 buying an additional 231 shares during the last quarter. UMB Bank n.a. boosted its position in shares of TKO Group by 72.8% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after buying an additional 115 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after acquiring an additional 109 shares in the last quarter. Institutional investors and hedge funds 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.