Insider Buying: TKO Group Holdings, Inc. (NYSE:TKO) CEO Buys 72,970 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) CEO Ariel Emanuel bought 72,970 shares of TKO Group stock in a transaction that occurred on 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 owns 2,011,105 shares of the company's stock, valued at $322,963,351.95. The trade was a 3.76 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Tuesday, February 4th, Ariel Emanuel bought 76,587 shares of TKO Group stock. The stock was bought at an average price of $157.13 per share, for a total transaction of $12,034,115.31.
• On Thursday, January 30th, Ariel Emanuel bought 66,021 shares of TKO Group stock. The stock was bought at an average price of $158.39 per share, for a total transaction of $10,457,066.19.
• On Tuesday, January 28th, Ariel Emanuel bought 92,559 shares of TKO Group stock. The stock was bought at an average price of $157.69 per share, for a total transaction of $14,595,628.71.
• On Friday, January 24th, Ariel Emanuel acquired 105,038 shares of TKO Group stock. The shares were 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 acquired at an average cost of $143.85 per share, with a total value of $16,679,695.20.
• On Thursday, December 12th, Ariel Emanuel acquired 60,208 shares of TKO Group stock. The shares were acquired at an average cost of $143.73 per share, with a total value of $8,653,695.84.

TKO Group Trading Up 1.4 %

Shares of TKO stock traded up $2.50 during trading hours on Tuesday, hitting $175.61. The company had a trading volume of 1,194,956 shares, compared to its average volume of 931,961. The company's fifty day moving average is $146.82 and its 200 day moving average is $130.06. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group Holdings, Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $178.13. The stock has a market capitalization of $29.99 billion, a PE ratio of -418.55 and a beta of 1.06.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Benchmark cut shares of TKO Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. The Goldman Sachs Group upped their price objective on shares of TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, January 24th. TD Cowen upped their price objective 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. Roth Mkm boosted their target price on shares of TKO Group from $146.00 to $148.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Finally, Pivotal Research boosted their target price on shares of TKO Group from $145.00 to $165.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, TKO Group has an average rating of "Moderate Buy" and an average target price of $148.08.

Institutional Investors Weigh In On TKO Group

A number of hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its position 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 during the last quarter. Blue Trust Inc. increased its position in shares of TKO Group by 52.4% in the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company's stock valued at $32,000 after purchasing an additional 89 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of TKO Group in the 4th quarter valued at $32,000. First Horizon Advisors Inc. grew its position 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 buying an additional 231 shares during the last quarter. Finally, Game Plan Financial Advisors LLC grew its position 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 buying an additional 155 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

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.