Ariel Emanuel Buys 92,559 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel acquired 92,559 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was purchased at an average price of $157.69 per share, for a total transaction of $14,595,628.71. Following the completion of the transaction, the chief executive officer now directly owns 1,439,593 shares in the company, valued at approximately $227,009,420.17. The trade was a 6.87 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, January 30th, Ariel Emanuel purchased 66,021 shares of TKO Group stock. The shares were purchased at an average cost of $158.39 per share, for a total transaction of $10,457,066.19.
• On Friday, January 24th, Ariel Emanuel acquired 105,038 shares of TKO Group stock. The stock was purchased at an average price of $153.04 per share, with a total value of $16,075,015.52.
• On Wednesday, January 22nd, Ariel Emanuel bought 115,952 shares of TKO Group stock. The stock was acquired at an average cost of $143.85 per share, for a total transaction of $16,679,695.20.
• On Thursday, December 12th, Ariel Emanuel purchased 60,208 shares of TKO Group stock. The shares were acquired at an average cost of $143.73 per share, with a total value of $8,653,695.84.

TKO Group Stock Up 0.3 %

Shares of TKO stock traded up $0.52 on Thursday, hitting $157.44. 501,395 shares of the stock were exchanged, compared to its average volume of 822,283. 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 firm has a market capitalization of $26.89 billion, a P/E ratio of -374.85 and a beta of 1.07. TKO Group Holdings, Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $159.72. The business has a 50-day moving average of $143.36 and a 200 day moving average of $127.02.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on TKO. Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their price objective on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Citigroup raised their target price on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. The Goldman Sachs Group upped their price target on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, TD Cowen lifted their price objective 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. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $144.77.

Institutional Investors Weigh In On TKO Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TKO. Game Plan Financial Advisors LLC increased its position in shares of TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after purchasing an additional 155 shares during the last quarter. New Mexico Educational Retirement Board increased its holdings in TKO Group by 11.5% during the fourth quarter. New Mexico Educational Retirement Board now owns 13,600 shares of the company’s stock worth $1,933,000 after buying an additional 1,400 shares during the last quarter. Blue Trust Inc. raised its position in TKO Group by 28.2% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $47,000 after acquiring an additional 73 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in TKO Group by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company’s stock valued at $2,629,000 after acquiring an additional 100 shares during the last quarter. Finally, Portfolio Design Labs LLC bought a new position in shares of TKO Group in the 4th quarter valued at about $313,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

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.