TKO Group (NYSE:TKO) Hits New 1-Year High Following Insider Buying Activity

TKO Group Holdings, Inc. (NYSE:TKO) reached a new 52-week high during trading on Wednesday following insider buying activity. The company traded as high as $159.98 and last traded at $157.92, with a volume of 19888 shares. The stock had previously closed at $157.74.

Specifically, CEO Ariel Emanuel bought 76,587 shares of TKO Group stock in a transaction dated Tuesday, February 4th. The shares were purchased at an average cost of $157.13 per share, with a total value of $12,034,115.31. Following the completion of the acquisition, the chief executive officer now owns 1,857,116 shares of the company’s stock, valued at $291,808,637.08. This trade represents a 4.30 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Patrick Whitesell acquired 94,161 shares of TKO Group stock in a transaction on Monday, February 3rd. The shares were bought at an average cost of $157.79 per share, for a total transaction of $14,857,664.19. Following the completion of the purchase, the insider now directly owns 1,780,529 shares of the company’s stock, valued at $280,949,670.91. The trade was a 5.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In other TKO Group news, major shareholder Patrick Whitesell bought 80,758 shares of the company’s stock in a transaction on Friday, January 31st. The stock was acquired at an average price of $156.79 per share, for a total transaction of $12,662,046.82. Following the completion of the transaction, the insider now directly owns 1,686,368 shares of the company’s stock, valued at approximately $264,405,638.72. This represents a 5.03 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TKO shares. TD Cowen raised their price objective on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Pivotal Research increased their target price on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Benchmark cut shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. UBS Group lifted their price objective on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group upped their target price on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $144.77.

TKO Group Trading Up 2.2 %

The firm has a market cap of $27.52 billion, a PE ratio of -383.68 and a beta of 1.06. The company has a 50-day simple moving average of $145.02 and a 200 day simple moving average of $128.63. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.28). TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The firm had revenue of $681.20 million for the quarter, compared to analyst estimates of $665.12 million. During the same quarter in the prior year, the business posted $0.52 EPS. The firm’s quarterly revenue was up 51.7% compared to the same quarter last year. As a group, sell-side analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TKO Group

Several institutional investors and hedge funds have recently modified their holdings of TKO. Smartleaf Asset Management LLC raised its stake 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 buying an additional 151 shares during the period. Geneos Wealth Management Inc. acquired a new stake in shares of TKO Group in the fourth quarter valued at about $32,000. Game Plan Financial Advisors LLC increased its stake in shares of TKO Group by 172.2% during the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after purchasing an additional 155 shares in the last quarter. Blue Trust Inc. lifted its stake in 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 buying an additional 89 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in TKO Group by 72.8% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after buying an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

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.