Insider Selling: TKO Group Holdings, Inc. (NYSE:TKO) Insider Sells 2,438 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) insider Seth D. Krauss sold 2,438 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $143.80, for a total value of $350,584.40. Following the completion of the sale, the insider now owns 7,983 shares in the company, valued at $1,147,955.40. This represents a 23.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

TKO Group Trading Up 6.3 %

Shares of TKO stock opened at $151.93 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $153.89. The firm’s 50 day moving average price is $140.68 and its two-hundred day moving average price is $125.46. The stock has a market cap of $25.94 billion, a price-to-earnings ratio of -361.73 and a beta of 1.07.

TKO Group (NYSE:TKO) last posted its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share 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 business had revenue of $681.20 million for the quarter, compared to analyst estimates of $665.12 million. During the same quarter in the previous year, the firm posted $0.52 EPS. The business’s revenue was up 51.7% compared to the same quarter last year. On average, analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

Wall Street Analyst Weigh In

TKO has been the topic of a number of recent research reports. Roth Mkm upped their target price on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. The Goldman Sachs Group lifted their target price on shares of TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Citigroup increased their price target on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. lifted their price objective on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $139.29.

Institutional Investors Weigh In On TKO Group

Several hedge funds have recently modified their holdings of TKO. Blue Trust Inc. boosted its stake in shares of TKO Group by 52.4% in the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after purchasing an additional 89 shares during the period. Geneos Wealth Management Inc. acquired a new position in shares of TKO Group in the 4th quarter valued at approximately $32,000. First Horizon Advisors Inc. boosted its stake in shares of TKO Group by 491.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after buying an additional 231 shares during the last quarter. UMB Bank n.a. grew its position in shares of TKO Group by 72.8% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after buying an additional 115 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of TKO Group by 39.4% in the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after buying an additional 109 shares during the last quarter. 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.