Investors Purchase High Volume of TKO Group Put Options (NYSE:TKO)

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) saw some unusual options trading activity on Tuesday. Investors purchased 116,901 put options on the stock. This is an increase of 2,296% compared to the typical volume of 4,879 put options.

Insider Activity

In other news, CAO Shane Kapral sold 1,034 shares of the business's stock in a transaction 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 directly owns 2,225 shares of the company's stock, valued at $315,816.50. The trade was a 31.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew M. Schleimer sold 5,419 shares of the business's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $769,172.86. Following the sale, the chief financial officer now directly owns 6,995 shares of the company's stock, valued at $992,870.30. This represents a 43.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 2,498,297 shares of company stock valued at $387,671,461 and sold 71,457 shares valued at $10,153,456. Corporate insiders own 53.80% of the company's stock.

Institutional Investors Weigh In On TKO Group

Institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its stake in shares of TKO Group by 559.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock valued at $26,000 after purchasing an additional 151 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of TKO Group in the 4th quarter valued at about $32,000. Game Plan Financial Advisors LLC raised its stake 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 valued at $35,000 after purchasing an additional 155 shares in the last quarter. Blue Trust Inc. raised 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 acquiring an additional 89 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in TKO Group during the fourth quarter worth about $38,000. Institutional investors and hedge funds own 89.79% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on TKO shares. Seaport Res Ptn cut shares of TKO Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. The Goldman Sachs Group upped their price target on shares of TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. JPMorgan Chase & Co. upped their price target on shares of TKO Group from $137.00 to $158.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. Benchmark cut shares of TKO Group from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. Finally, Pivotal Research upped their price target on shares of TKO Group from $145.00 to $165.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, TKO Group has a consensus rating of "Moderate Buy" and a consensus price target of $148.08.

TKO Group Stock Up 0.6 %

Shares of TKO Group stock traded up $1.11 during trading on Friday, reaching $175.60. The company had a trading volume of 1,453,471 shares, compared to its average volume of 798,429. The company has a market cap of $29.99 billion, a price-to-earnings ratio of -418.09 and a beta of 1.06. The firm's fifty day moving average is $149.62 and its 200-day moving average is $131.65. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. TKO Group has a fifty-two week low of $78.69 and a fifty-two week high of $179.09.

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.