TKO Group Holdings, Inc. (NYSE:TKO) Insider Sells $350,584.40 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) insider Seth D. Krauss sold 2,438 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $143.80, for a total value of $350,584.40. Following the transaction, the insider now owns 7,983 shares in the company, valued at $1,147,955.40. The trade was a 23.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

TKO Group Price Performance

TKO Group stock traded down $1.74 during mid-day trading on Wednesday, hitting $142.80. 682,188 shares of the company were exchanged, compared to its average volume of 731,453. TKO Group Holdings, Inc. has a 12-month low of $78.69 and a 12-month high of $149.40. The company has a market capitalization of $24.39 billion, a P/E ratio of -339.99 and a beta of 1.07. The business’s 50 day simple moving average is $140.00 and its two-hundred day simple moving average is $125.27. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17.

TKO Group (NYSE:TKO) last announced its earnings results 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 firm had revenue of $681.20 million during the quarter, compared to analyst estimates of $665.12 million. During the same period in the previous year, the firm posted $0.52 EPS. The company’s revenue for the quarter was up 51.7% compared to the same quarter last year. Analysts forecast 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 recently weighed in on the company. Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. 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 note on Tuesday, November 26th. The Goldman Sachs Group raised their price objective on shares of TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. UBS Group upped their target price on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Three equities 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.com, TKO Group presently has an average rating of “Moderate Buy” and an average price target of $139.29.

Hedge Funds Weigh In On TKO Group

Several 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% in the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after acquiring an additional 89 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in TKO Group in the fourth quarter valued at $32,000. First Horizon Advisors Inc. lifted its position in TKO Group by 491.5% during the third 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 period. UMB Bank n.a. boosted its stake in 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 during the last quarter. Finally, Signaturefd LLC grew its holdings in TKO Group by 39.4% in the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after buying an additional 109 shares during the period. 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.