TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel Purchases 105,038 Shares

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel bought 105,038 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were bought at an average cost of $153.04 per share, for a total transaction of $16,075,015.52. Following the transaction, the chief executive officer now owns 1,257,800 shares of the company’s stock, valued at $192,493,712. The trade was a 9.11 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, January 22nd, Ariel Emanuel acquired 115,952 shares of TKO Group stock. The shares were bought at an average price of $143.85 per share, for a total transaction of $16,679,695.20.
• On Thursday, December 12th, Ariel Emanuel bought 60,208 shares of TKO Group stock. The stock was purchased at an average price of $143.73 per share, with a total value of $8,653,695.84.

TKO Group Stock Performance

Shares of NYSE:TKO traded up $0.37 during midday trading on Monday, reaching $153.45. 771,592 shares of the company traded hands, compared to its average volume of 825,330. TKO Group Holdings, Inc. has a 12 month low of $78.69 and a 12 month high of $154.25. The firm’s fifty day moving average price is $141.92 and its two-hundred day moving average price is $126.27. 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 firm has a market capitalization of $26.20 billion, a price-to-earnings ratio of -365.35 and a beta of 1.07.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). The firm 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%. The company’s quarterly revenue was up 51.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 earnings per share. On average, equities analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TKO has been the subject of a number of recent analyst reports. Benchmark downgraded shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Pivotal Research increased their price target on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. boosted their price objective on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Guggenheim upped their price objective on TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, TD Cowen lifted their target price on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $141.21.

Institutional Investors Weigh In On TKO Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its stake in TKO Group by 26.9% in the second quarter. Dimensional Fund Advisors LP now owns 448,205 shares of the company’s stock valued at $48,402,000 after purchasing an additional 94,944 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of TKO Group by 2.8% in the 2nd quarter. Bank of Montreal Can now owns 6,652 shares of the company’s stock worth $719,000 after buying an additional 184 shares during the last quarter. AQR Capital Management LLC purchased a new stake in shares of TKO Group during the 2nd quarter valued at $232,000. Darlington Partners Capital Management LP lifted its holdings in shares of TKO Group by 3.1% during the 2nd quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock worth $331,065,000 after acquiring an additional 90,868 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in TKO Group by 1.6% in the second quarter. The Manufacturers Life Insurance Company now owns 54,653 shares of the company’s stock worth $5,902,000 after acquiring an additional 861 shares in the last quarter. Hedge funds and other institutional investors 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.