TKO Group (NYSE:TKO) Hits New 1-Year High Following Insider Buying Activity

TKO Group Holdings, Inc. (NYSE:TKO)’s stock price reached a new 52-week high during trading on Thursday following insider buying activity. The stock traded as high as $149.98 and last traded at $149.50, with a volume of 117172 shares trading hands. The stock had previously closed at $142.93.

Specifically, CEO Ariel Emanuel acquired 115,952 shares of TKO Group stock in a transaction on Wednesday, January 22nd. The shares were purchased at an average cost of $143.85 per share, with a total value of $16,679,695.20. Following the completion of the purchase, the chief executive officer now owns 1,031,804 shares in the company, valued at $148,425,005.40. The trade was a 12.66 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Patrick Whitesell bought 108,476 shares of the stock in a transaction on Tuesday, January 21st. The shares were acquired at an average cost of $144.13 per share, with a total value of $15,634,645.88. Following the acquisition, the insider now directly owns 915,852 shares in the company, valued at approximately $132,001,748.76. This trade represents a 13.44 % increase in their position. The disclosure for this purchase can be found here. In related news, major shareholder Patrick Whitesell purchased 125,589 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were bought at an average price of $143.06 per share, with a total value of $17,966,762.34. Following the purchase, the insider now directly owns 807,376 shares in the company, valued at $115,503,210.56. This trade represents a 18.42 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Wall Street Analysts Forecast Growth

TKO has been the subject of a number of recent analyst reports. UBS Group upped their price objective on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. TD Cowen increased their price target on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group boosted their price objective on shares of TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Pivotal Research increased their target price on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Roth Mkm boosted their price target on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.29.

TKO Group Stock Up 4.8 %

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 company has a market capitalization of $25.57 billion, a price-to-earnings ratio of -356.95 and a beta of 1.07. The firm has a 50-day moving average price of $140.00 and a two-hundred day moving average price of $125.27.

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). The firm had revenue of $681.20 million for the quarter, compared to analyst estimates 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 revenue was up 51.7% compared to the same quarter last year. During the same period last year, the company earned $0.52 EPS. As a group, sell-side analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake in shares of TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after buying an additional 89 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in TKO Group during the fourth quarter valued at approximately $32,000. First Horizon Advisors Inc. grew its stake in TKO Group by 491.5% in the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after purchasing an additional 231 shares in the last quarter. UMB Bank n.a. grew its stake in TKO Group by 72.8% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after purchasing an additional 115 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after purchasing an additional 109 shares during the last quarter. 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.