TKO Group Sees Unusually High Options Volume (NYSE:TKO)

TKO Group Holdings, Inc. (NYSE:TKO) was the recipient of unusually large options trading activity on Tuesday. Traders acquired 116,901 put options on the company. This represents an increase of approximately 2,296% compared to the typical daily volume of 4,879 put options.

TKO Group Price Performance

Shares of NYSE TKO opened at $176.82 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The stock’s 50-day simple moving average is $148.39 and its two-hundred day simple moving average is $130.87. The firm has a market capitalization of $30.20 billion, a P/E ratio of -421.00 and a beta of 1.06. TKO Group has a twelve month low of $78.69 and a twelve month high of $178.13.

Insiders Place Their Bets

In other TKO Group news, major shareholder Patrick Whitesell bought 245,887 shares of the stock in a transaction on Friday, December 13th. The stock was purchased at an average price of $142.45 per share, with a total value of $35,026,603.15. Following the acquisition, the insider now owns 1,825,030 shares of the company’s stock, valued at approximately $259,975,523.50. The trade was a 15.57 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Shane Kapral sold 1,034 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $146,765.96. Following the completion of the sale, the chief accounting officer now owns 2,225 shares in the company, valued at $315,816.50. This represents a 31.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 2,498,297 shares of company stock worth $387,671,461 and have sold 71,457 shares worth $10,153,456. Corporate insiders own 53.80% of the company’s stock.

Institutional Trading of TKO Group

Several hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC bought a new position in TKO Group in the second quarter worth $232,000. Truist Financial Corp raised its holdings in shares of TKO Group by 4.9% during the second quarter. Truist Financial Corp now owns 5,278 shares of the company’s stock valued at $570,000 after purchasing an additional 248 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of TKO Group during the 2nd quarter valued at $524,000. GAMMA Investing LLC boosted its position in TKO Group by 89.1% in the third quarter. GAMMA Investing LLC now owns 970 shares of the company’s stock worth $120,000 after purchasing an additional 457 shares during the last quarter. Finally, CWM LLC grew its position in TKO Group by 92.3% during the third quarter. CWM LLC now owns 646 shares of the company’s stock valued at $80,000 after buying an additional 310 shares during the period. 89.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TKO shares. Roth Mkm raised their target price on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group boosted their target price on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Pivotal Research increased their price target on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Citigroup boosted 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. Finally, UBS Group increased their price target 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 research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and an average 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.