TKO Group Holdings, Inc. (NYSE:TKO) Insider Seth D. Krauss Sells 2,438 Shares

TKO Group Holdings, Inc. (NYSE:TKO) insider Seth D. Krauss sold 2,438 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $143.80, for a total transaction of $350,584.40. Following the transaction, the insider now owns 7,983 shares of the company’s stock, valued at $1,147,955.40. This represents a 23.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

TKO Group Stock Up 0.7 %

TKO stock opened at $153.06 on Friday. TKO Group Holdings, Inc. has a one year low of $78.69 and a one year high of $154.25. The company’s 50 day moving average price is $141.35 and its two-hundred day moving average price is $125.74. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on TKO shares. Guggenheim raised their price objective on shares of TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. The Goldman Sachs Group boosted their price objective on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday. Pivotal Research raised their target price on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Citigroup upped their price target on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and an average target price of $141.21.

Institutional Trading of TKO Group

A number of institutional investors have recently made changes to their positions in TKO. Blue Trust Inc. raised its position in TKO Group by 28.2% during the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $47,000 after purchasing an additional 73 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in TKO Group by 3.3% in the third quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock worth $379,000 after acquiring an additional 97 shares during the period. Quent Capital LLC increased its position in TKO Group by 17.4% during the 3rd quarter. Quent Capital LLC now owns 680 shares of the company’s stock valued at $84,000 after purchasing an additional 101 shares during the period. Signaturefd LLC raised its holdings in TKO Group by 39.4% in the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after purchasing an additional 109 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in shares of TKO Group by 72.8% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after purchasing an additional 115 shares during the period. 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.