Ariel Emanuel Acquires 66,021 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel purchased 66,021 shares of TKO Group stock in a transaction dated Thursday, January 30th. The stock was acquired at an average cost of $158.39 per share, with a total value of $10,457,066.19. Following the completion of the acquisition, the chief executive officer now directly owns 1,605,610 shares in the company, valued at approximately $254,312,567.90. This trade represents a 4.29 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, January 28th, Ariel Emanuel acquired 92,559 shares of TKO Group stock. The stock was acquired at an average price of $157.69 per share, with a total value of $14,595,628.71.
• On Friday, January 24th, Ariel Emanuel purchased 105,038 shares of TKO Group stock. The shares were bought at an average cost of $153.04 per share, for a total transaction of $16,075,015.52.
• On Wednesday, January 22nd, Ariel Emanuel acquired 115,952 shares of TKO Group stock. The stock was bought at an average price of $143.85 per share, with a total value of $16,679,695.20.
• On Thursday, December 12th, Ariel Emanuel bought 60,208 shares of TKO Group stock. The shares were bought at an average price of $143.73 per share, for a total transaction of $8,653,695.84.

TKO Group Trading Up 0.3 %

TKO traded up $0.52 during trading on Thursday, hitting $157.44. The company’s stock had a trading volume of 501,395 shares, compared to its average volume of 822,283. TKO Group Holdings, Inc. has a twelve month low of $78.69 and a twelve month high of $159.72. The firm’s 50 day moving average price is $143.36 and its 200-day moving average price is $127.02. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $26.89 billion, a PE ratio of -374.85 and a beta of 1.07.

TKO Group (NYSE:TKO) last released 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 positive return on equity of 3.39% and a negative net margin of 1.26%. The business had revenue of $681.20 million for the quarter, compared to analysts’ expectations of $665.12 million. During the same quarter last year, the company posted $0.52 earnings per share. The business’s quarterly revenue was up 51.7% compared to the same quarter last year. On average, analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Institutional Investors Weigh In On TKO Group

A number of institutional investors have recently bought and sold shares of the stock. Game Plan Financial Advisors LLC boosted its holdings in shares of TKO Group by 172.2% in the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after purchasing an additional 155 shares during the last quarter. New Mexico Educational Retirement Board boosted its holdings in TKO Group by 11.5% in the fourth quarter. New Mexico Educational Retirement Board now owns 13,600 shares of the company’s stock valued at $1,933,000 after acquiring an additional 1,400 shares during the last quarter. Blue Trust Inc. grew its position in TKO Group by 28.2% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $47,000 after acquiring an additional 73 shares during the period. Louisiana State Employees Retirement System increased its stake in TKO Group by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company’s stock worth $2,629,000 after acquiring an additional 100 shares during the last quarter. Finally, Portfolio Design Labs LLC acquired 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 hedge funds and other institutional investors.

Analysts Set New Price Targets

TKO has been the topic of several research analyst reports. Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their price target on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Pivotal Research boosted their price objective on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. UBS Group increased their price objective on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Finally, Roth Mkm lifted their target price on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, TKO Group presently has an average rating of “Moderate Buy” and a consensus price target of $144.77.

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.