Mark S. Shapiro Sells 31,026 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) insider Mark S. Shapiro sold 31,026 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the sale, the insider now owns 42,156 shares in the company, valued at $4,837,822.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

TKO Group Price Performance

NYSE:TKO opened at $121.09 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 12-month low of $72.33 and a 12-month high of $121.18. The stock’s 50 day moving average price is $113.32 and its two-hundred day moving average price is $103.60. The firm has a market capitalization of $20.62 billion, a price-to-earnings ratio of -119.89 and a beta of 1.04.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.10). TKO Group had a negative net margin of 3.14% and a positive return on equity of 3.10%. The business had revenue of $851.20 million during the quarter, compared to the consensus estimate of $771.54 million. During the same quarter last year, the company posted $0.91 EPS. The firm’s revenue was up 178.9% on a year-over-year basis. On average, analysts anticipate that TKO Group Holdings, Inc. will post 4.17 earnings per share for the current year.

Institutional Trading of TKO Group

Hedge funds have recently modified their holdings of the stock. MFA Wealth Advisors LLC bought a new stake in TKO Group in the 2nd quarter valued at $36,000. Quarry LP acquired a new stake in shares of TKO Group during the second quarter worth $51,000. GAMMA Investing LLC boosted its position in shares of TKO Group by 388.6% in the second quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock valued at $55,000 after acquiring an additional 408 shares during the period. Scarborough Advisors LLC bought a new stake in shares of TKO Group in the fourth quarter valued at about $79,000. Finally, Sunbelt Securities Inc. grew its stake in shares of TKO Group by 1,384.4% in the first quarter. Sunbelt Securities Inc. now owns 1,143 shares of the company’s stock valued at $99,000 after acquiring an additional 1,066 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Bank of America began coverage on TKO Group in a report on Tuesday, August 20th. They set a “buy” rating and a $140.00 target price for the company. Pivotal Research began coverage on TKO Group in a research report on Friday, September 13th. They issued a “buy” rating and a $170.00 target price on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $132.00 price target on shares of TKO Group in a research report on Thursday, September 12th. Morgan Stanley lifted their price objective on shares of TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Finally, TD Cowen increased their target price on shares of TKO Group from $127.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $127.13.

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.