Ariel Emanuel Acquires 117,769 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel purchased 117,769 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were purchased at an average price of $175.40 per share, with a total value of $20,656,682.60. Following the acquisition, the chief executive officer now directly owns 2,579,437 shares in the company, valued at approximately $452,433,249.80. The trade was a 4.78 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Monday, February 10th, Ariel Emanuel acquired 116,256 shares of TKO Group stock. The stock was acquired at an average price of $172.03 per share, with a total value of $19,999,519.68.
• On Thursday, February 6th, Ariel Emanuel bought 72,970 shares of TKO Group stock. The stock was acquired at an average price of $160.59 per share, for a total transaction of $11,718,252.30.
• On Tuesday, February 4th, Ariel Emanuel acquired 76,587 shares of TKO Group stock. The shares were acquired at an average cost of $157.13 per share, with a total value of $12,034,115.31.
• On Thursday, January 30th, Ariel Emanuel bought 66,021 shares of TKO Group stock. The shares were bought at an average cost of $158.39 per share, with a total value of $10,457,066.19.
• On Tuesday, January 28th, Ariel Emanuel purchased 92,559 shares of TKO Group stock. The stock was bought at an average cost of $157.69 per share, for a total transaction of $14,595,628.71.
• On Friday, January 24th, Ariel Emanuel acquired 105,038 shares of TKO Group stock. The shares were bought at an average cost of $153.04 per share, with a total value of $16,075,015.52.
• On Wednesday, January 22nd, Ariel Emanuel purchased 115,952 shares of TKO Group stock. The shares were purchased at an average price of $143.85 per share, for a total transaction of $16,679,695.20.
• On Thursday, December 12th, Ariel Emanuel acquired 60,208 shares of TKO Group stock. The stock was purchased at an average cost of $143.73 per share, with a total value of $8,653,695.84.

TKO Group Stock Down 1.2 %

TKO Group stock opened at $174.49 on Friday. The stock’s fifty day moving average is $148.99 and its two-hundred day moving average is $131.18. The stock has a market cap of $29.80 billion, a PE ratio of -415.45 and a beta of 1.06. TKO Group Holdings, Inc. has a 1-year low of $78.69 and a 1-year high of $179.09. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17.

Wall Street Analyst Weigh In

TKO has been the topic of several research reports. The Goldman Sachs Group increased their target price on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. TD Cowen upped their target price on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Pivotal Research raised 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. 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 report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $148.08.

Institutional Investors Weigh In On TKO Group

Several institutional investors have recently added to or reduced their stakes in TKO. Norges Bank purchased a new position in TKO Group in the fourth quarter valued at approximately $104,613,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of TKO Group in the 4th quarter valued at $54,778,000. Massachusetts Financial Services Co. MA grew its holdings in shares of TKO Group by 29.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock worth $210,892,000 after purchasing an additional 383,869 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of TKO Group by 59.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock worth $119,940,000 after purchasing an additional 362,460 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of TKO Group by 98.5% in the 4th quarter. Marshall Wace LLP now owns 726,058 shares of the company’s stock valued at $103,180,000 after purchasing an additional 360,236 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.