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 business’s stock in a transaction 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 owns 73,677 shares in the company, valued at $10,457,713.38. This represents a 30.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

TKO Group Trading Up 0.1 %

NYSE TKO opened at $142.02 on Thursday. The stock has a market capitalization of $24.25 billion, a P/E ratio of -338.14 and a beta of 1.07. The business has a 50 day simple moving average of $135.19 and a 200 day simple moving average of $122.94. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group Holdings, Inc. has a one year low of $75.35 and a one year high of $149.40.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $665.12 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. TKO Group’s quarterly revenue was up 51.7% on a year-over-year basis. Research analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Hedge Funds Weigh In On TKO Group

Institutional investors have recently made changes to their positions in the stock. Natixis Advisors LLC raised its stake in TKO Group by 19.1% during the 2nd quarter. Natixis Advisors LLC now owns 12,929 shares of the company’s stock worth $1,396,000 after buying an additional 2,069 shares during the period. CIBC Asset Management Inc acquired a new position in shares of TKO Group during the second quarter worth approximately $249,000. Arizona State Retirement System lifted its holdings in shares of TKO Group by 15.0% in the 2nd quarter. Arizona State Retirement System now owns 20,741 shares of the company’s stock worth $2,240,000 after purchasing an additional 2,699 shares in the last quarter. Oak Thistle LLC acquired a new stake in TKO Group in the 2nd quarter valued at $256,000. Finally, Choreo LLC bought a new stake in TKO Group during the 2nd quarter valued at $554,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Roth Mkm boosted 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. JPMorgan Chase & Co. upped their price target on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Citigroup raised their price target on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Benchmark downgraded TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Pivotal Research lifted their target price on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, TKO Group has a consensus 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.