TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel Buys 116,256 Shares

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) CEO Ariel Emanuel bought 116,256 shares of TKO Group stock in a transaction dated Monday, February 10th. The stock was acquired at an average cost of $172.03 per share, with a total value of $19,999,519.68. Following the completion of the acquisition, the chief executive officer now directly owns 2,305,222 shares of the company's stock, valued at approximately $396,567,340.66. The trade was a 5.31 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Wednesday, February 12th, Ariel Emanuel bought 117,769 shares of TKO Group stock. The stock was acquired at an average cost of $175.40 per share, with a total value of $20,656,682.60.
• On Thursday, February 6th, Ariel Emanuel purchased 72,970 shares of TKO Group stock. The shares were purchased at an average price of $160.59 per share, for a total transaction of $11,718,252.30.
• On Tuesday, February 4th, Ariel Emanuel purchased 76,587 shares of TKO Group stock. The shares were purchased at an average price of $157.13 per share, for a total transaction of $12,034,115.31.
• On Thursday, January 30th, Ariel Emanuel purchased 66,021 shares of TKO Group stock. The shares were purchased 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 shares were 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 purchased 105,038 shares of TKO Group stock. The stock was acquired at an average price of $153.04 per share, for a total transaction of $16,075,015.52.
• On Wednesday, January 22nd, Ariel Emanuel purchased 115,952 shares of TKO Group stock. The stock was acquired at an average price 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 stock was acquired at an average price of $143.73 per share, for a total transaction of $8,653,695.84.

TKO Group Stock Performance

TKO stock traded up $1.11 on Friday, reaching $175.60. 1,453,471 shares of the company were exchanged, compared to its average volume of 798,429. TKO Group Holdings, Inc. has a 12 month low of $78.69 and a 12 month high of $179.09. The stock's fifty day moving average price is $149.62 and its 200 day moving average price is $131.80. The firm has a market capitalization of $29.99 billion, a PE ratio of -418.09 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.

Institutional Investors Weigh In On TKO Group

Several large investors have recently made changes to their positions in TKO. Norges Bank bought a new stake in shares of TKO Group in the 4th quarter worth about $104,613,000. Arrowstreet Capital Limited Partnership acquired a new position in TKO Group during the 4th quarter worth about $54,778,000. Massachusetts Financial Services Co. MA lifted its position in TKO Group by 29.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company's stock worth $210,892,000 after buying an additional 383,869 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in TKO Group by 59.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company's stock worth $119,940,000 after acquiring an additional 362,460 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in TKO Group by 98.5% during the 4th quarter. Marshall Wace LLP now owns 726,058 shares of the company's stock worth $103,180,000 after acquiring an additional 360,236 shares during the last quarter. Institutional investors own 89.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TKO. JPMorgan Chase & Co. upped their price objective on shares of TKO Group from $137.00 to $158.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th. The Goldman Sachs Group raised their price target on shares of TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a report on Friday, January 24th. Seaport Res Ptn lowered shares of TKO Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 11th. Pivotal Research raised 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. Finally, TD Cowen boosted their price target on shares of TKO Group from $140.00 to $143.00 and gave the stock a "buy" rating in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus 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.