TKO Group (NYSE:TKO) Reaches New 52-Week High Following Insider Buying Activity

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) shares reached a new 52-week high on Monday following insider buying activity. The stock traded as high as $145.98 and last traded at $145.85, with a volume of 344807 shares trading hands. The stock had previously closed at $141.92.

Specifically, CEO Ariel Emanuel bought 60,208 shares of the stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the purchase, the chief executive officer now directly owns 1,734,530 shares of the company's stock, valued at $249,303,996.90. This represents a 3.60 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Patrick Whitesell purchased 245,887 shares of TKO Group stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of $142.45 per share, with a total value of $35,026,603.15. Following the completion of the transaction, the insider now owns 1,825,030 shares of the company's stock, valued at $259,975,523.50. This represents a 15.57 % increase in their position. The disclosure for this purchase can be found here. In related news, major shareholder Patrick Whitesell acquired 31,352 shares of the stock in a transaction on Wednesday, December 11th. The shares were acquired at an average price of $142.03 per share, for a total transaction of $4,452,924.56. Following the transaction, the insider now owns 1,674,322 shares in the company, valued at approximately $237,803,953.66. This trade represents a 1.91 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Analyst Ratings Changes

Several research firms recently issued reports on TKO. Benchmark cut shares of TKO Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Guggenheim upped their price objective on shares of TKO Group from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. TD Cowen raised their target price on TKO Group from $140.00 to $143.00 and gave the company a "buy" rating in a research report on Tuesday, October 29th. Roth Mkm upped their price target on TKO Group from $146.00 to $148.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group increased their price target on TKO Group from $132.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, TKO Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $133.93.

TKO Group Trading Up 3.6 %

The stock has a market capitalization of $25.11 billion, a PE ratio of -350.12 and a beta of 1.09. 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 company's 50 day moving average price is $128.66 and its two-hundred day moving average price is $118.69.

TKO Group (NYSE:TKO - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.28). TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The business had revenue of $681.20 million during the quarter, compared to analysts' expectations of $665.12 million. During the same period last year, the business earned $0.52 earnings per share. The company's revenue for the quarter was up 51.7% compared to the same quarter last year. As a group, analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Institutional Trading of TKO Group

Large investors have recently added to or reduced their stakes in the stock. Retirement Systems of Alabama boosted its position in shares of TKO Group by 11.0% during the 3rd quarter. Retirement Systems of Alabama now owns 80,707 shares of the company's stock valued at $9,984,000 after acquiring an additional 8,006 shares during the last quarter. Tidal Investments LLC raised its stake in TKO Group by 259.1% during the third quarter. Tidal Investments LLC now owns 21,803 shares of the company's stock worth $2,697,000 after purchasing an additional 15,732 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in TKO Group during the third quarter worth about $426,000. Sanctuary Advisors LLC boosted its holdings in TKO Group by 38.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 6,712 shares of the company's stock valued at $911,000 after purchasing an additional 1,858 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of TKO Group in the 3rd quarter valued at approximately $221,000. 89.79% of the stock is currently 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.