Mark S. Shapiro Sells 31,666 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) insider Mark S. Shapiro sold 31,666 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $4,494,672.04. Following the sale, the insider now directly owns 73,677 shares of the company’s stock, valued at $10,457,713.38. This represents a 30.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

TKO Group Stock Up 0.1 %

NYSE:TKO opened at $141.77 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $24.21 billion, a P/E ratio of -337.55 and a beta of 1.07. The company’s 50-day simple moving average is $134.69 and its 200-day simple moving average is $122.81. TKO Group Holdings, Inc. has a fifty-two week low of $75.35 and a fifty-two week high of $149.40.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Darlington Partners Capital Management LP grew its stake in shares of TKO Group by 3.1% during the second quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock worth $331,065,000 after acquiring an additional 90,868 shares during the last quarter. State Street Corp boosted its stake in TKO Group by 10.4% in the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after purchasing an additional 192,602 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of TKO Group by 9.5% in the second quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock worth $194,467,000 after buying an additional 155,940 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of TKO Group by 29.1% during the third 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 during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of TKO Group by 1.1% during the third quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock valued at $154,185,000 after buying an additional 13,148 shares during the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Roth Mkm raised their price objective on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Guggenheim upped their target price on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, Citigroup raised their price target on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $139.29.

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.