Ariel Emanuel Buys 60,208 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel purchased 60,208 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average cost of $143.73 per share, for a total transaction of $8,653,695.84. Following the acquisition, the chief executive officer now owns 1,734,530 shares in the company, valued at approximately $249,303,996.90. The trade was a 3.60 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

TKO Group Stock Down 1.1 %

TKO stock opened at $141.92 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average of $128.24 and a 200 day moving average of $118.35. TKO Group Holdings, Inc. has a twelve month low of $74.25 and a twelve month high of $145.69. The firm has a market cap of $24.24 billion, a PE ratio of -337.90 and a beta of 1.09.

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). The firm had revenue of $681.20 million for the quarter, compared to analysts’ expectations of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The business’s revenue for the quarter was up 51.7% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share. On average, research analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Roth Mkm boosted their price target on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. TD Cowen boosted their target price on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Bank of America assumed coverage on TKO Group in a research note on Tuesday, August 20th. They issued a “buy” rating and a $140.00 price target for the company. JPMorgan Chase & Co. boosted their price objective on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Guggenheim lifted their target price on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $133.93.

Institutional Investors Weigh In On TKO Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in TKO Group by 52.4% during 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. First Horizon Advisors Inc. boosted its position in shares of TKO Group by 491.5% during the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after buying an additional 231 shares during the last quarter. MFA Wealth Advisors LLC bought a new stake in TKO Group in the 2nd quarter worth about $36,000. Signaturefd LLC raised its position in TKO Group by 39.4% in the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after buying an additional 109 shares during the last quarter. Finally, Quarry LP bought a new position in TKO Group during the 2nd quarter valued at about $51,000. 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.