Insider Buying: TKO Group Holdings, Inc. (NYSE:TKO) CEO Acquires 60,208 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel purchased 60,208 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the purchase, 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 filing with the SEC, which is accessible through this link.

TKO Group Stock Down 1.1 %

Shares of TKO opened at $141.92 on Friday. TKO Group Holdings, Inc. has a 12-month low of $74.25 and a 12-month high of $145.69. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $24.24 billion, a PE ratio of -337.90 and a beta of 1.09. The business’s 50 day moving average is $128.24 and its 200 day moving average is $118.35.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.28). The company had revenue of $681.20 million during the quarter, compared to analysts’ expectations of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. TKO Group’s quarterly revenue was up 51.7% compared to the same quarter last year. During the same period last year, the firm posted $0.52 EPS. Research analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on TKO shares. TD Cowen increased their target price on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. The Goldman Sachs Group raised their price objective on shares of TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Pivotal Research upped their target price on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Guggenheim lifted their price target 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. Finally, JPMorgan Chase & Co. upped their price objective on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.93.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TKO. Petrus Trust Company LTA bought a new position in TKO Group during the third quarter valued at approximately $597,000. Massachusetts Financial Services Co. MA raised its holdings in shares of TKO Group by 29.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock worth $210,892,000 after acquiring an additional 383,869 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of TKO Group by 177.2% during the 3rd quarter. HighTower Advisors LLC now owns 26,197 shares of the company’s stock valued at $3,225,000 after acquiring an additional 16,746 shares during the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of TKO Group by 499.8% in the third quarter. Central Pacific Bank Trust Division now owns 5,998 shares of the company’s stock valued at $742,000 after purchasing an additional 4,998 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in TKO Group by 14.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 452,753 shares of the company’s stock worth $56,010,000 after purchasing an additional 56,312 shares during 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.