TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel Buys 72,970 Shares

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel purchased 72,970 shares of the stock in a transaction dated Thursday, February 6th. The shares were acquired at an average cost of $160.59 per share, with a total value of $11,718,252.30. Following the acquisition, the chief executive officer now directly owns 2,011,105 shares in the company, valued at $322,963,351.95. This represents a 3.76 % 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 Tuesday, February 4th, Ariel Emanuel bought 76,587 shares of TKO Group stock. The shares were acquired at an average price of $157.13 per share, for a total transaction of $12,034,115.31.
• On Thursday, January 30th, Ariel Emanuel acquired 66,021 shares of TKO Group stock. The shares were bought at an average price of $158.39 per share, with a total value of $10,457,066.19.
• On Tuesday, January 28th, Ariel Emanuel bought 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 stock was acquired at an average cost of $153.04 per share, with a total value of $16,075,015.52.
• On Wednesday, January 22nd, Ariel Emanuel acquired 115,952 shares of TKO Group stock. The shares were purchased 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 price of $143.73 per share, for a total transaction of $8,653,695.84.

TKO Group Price Performance

Shares of TKO Group stock traded up $5.48 during trading on Friday, reaching $166.69. 2,463,709 shares of the stock traded hands, compared to its average volume of 883,495. 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 $28.47 billion, a price-to-earnings ratio of -396.88 and a beta of 1.06. TKO Group Holdings, Inc. has a 52-week low of $78.69 and a 52-week high of $168.25. The business has a fifty day simple moving average of $146.05 and a two-hundred day simple moving average of $129.28.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 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 the consensus estimate of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. TKO Group’s revenue for the quarter was up 51.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.52 EPS. Sell-side analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

Institutional Investors Weigh In On TKO Group

Several institutional investors have recently made changes to their positions in TKO. AQR Capital Management LLC bought a new position in shares of TKO Group during the second quarter valued at approximately $232,000. Creative Planning grew its holdings in shares of TKO Group by 8.9% in the second quarter. Creative Planning now owns 9,985 shares of the company’s stock worth $1,078,000 after purchasing an additional 816 shares during the last quarter. Truist Financial Corp grew its stake in TKO Group by 4.9% in the 2nd quarter. Truist Financial Corp now owns 5,278 shares of the company’s stock worth $570,000 after acquiring an additional 248 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of TKO Group during the second quarter valued at approximately $524,000. Finally, Handelsbanken Fonder AB boosted its holdings in shares of TKO Group by 33.8% in the third quarter. Handelsbanken Fonder AB now owns 14,237 shares of the company’s stock valued at $1,761,000 after purchasing an additional 3,600 shares during the period. Institutional investors own 89.79% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TKO shares. Roth Mkm lifted their price objective on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. The Goldman Sachs Group lifted their target price on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. TD Cowen upped their price target on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Citigroup raised their price objective on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Finally, UBS Group boosted their target price on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and a consensus price target of $148.08.

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.