Ariel Emanuel Purchases 76,587 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) CEO Ariel Emanuel purchased 76,587 shares of TKO Group stock in a transaction dated Tuesday, February 4th. The stock was bought at an average price of $157.13 per share, with a total value of $12,034,115.31. Following the completion of the purchase, the chief executive officer now directly owns 1,857,116 shares of the company's stock, valued at approximately $291,808,637.08. This trade represents a 4.30 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, February 6th, Ariel Emanuel bought 72,970 shares of TKO Group stock. The stock was purchased at an average cost of $160.59 per share, with a total value of $11,718,252.30.
• On Thursday, January 30th, Ariel Emanuel purchased 66,021 shares of TKO Group stock. The stock was acquired 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 shares were bought 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 bought at an average price of $153.04 per share, for a total transaction of $16,075,015.52.
• On Wednesday, January 22nd, Ariel Emanuel bought 115,952 shares of TKO Group stock. The stock was 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 purchased at an average cost of $143.73 per share, with a total value of $8,653,695.84.

TKO Group Stock Up 3.4 %

NYSE TKO traded up $5.48 during trading on Friday, hitting $166.69. The company's stock had a trading volume of 2,463,709 shares, compared to its average volume of 798,429. The company has a market cap of $28.47 billion, a PE ratio of -396.88 and a beta of 1.06. 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 business's 50 day simple moving average is $146.05 and its 200-day simple moving average is $129.28. TKO Group Holdings, Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $168.25.

TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 positive return on equity of 3.39% and a negative net margin of 1.26%. The business's quarterly revenue was up 51.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 earnings per share. On average, equities analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. 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 report on Tuesday, October 29th. Citigroup upped their target price on TKO Group from $137.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. raised their price target on TKO Group from $137.00 to $158.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th. The Goldman Sachs Group increased their target price on TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. 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 research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $148.08.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC grew its holdings in shares of TKO Group by 559.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock worth $26,000 after purchasing an additional 151 shares during the period. Blue Trust Inc. boosted its stake in TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company's stock worth $32,000 after buying an additional 89 shares during the period. Geneos Wealth Management Inc. acquired a new stake in shares of TKO Group during the fourth quarter valued at about $32,000. First Horizon Advisors Inc. raised its stake in shares of TKO Group by 491.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company's stock valued at $34,000 after acquiring an additional 231 shares during the period. Finally, Game Plan Financial Advisors LLC lifted 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 worth $35,000 after acquiring an additional 155 shares during the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

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.