TKO Group Holdings, Inc. (NYSE:TKO) CAO Sells $146,765.96 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) CAO Shane Kapral sold 1,034 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $146,765.96. Following the transaction, the chief accounting officer now owns 2,225 shares of the company’s stock, valued at $315,816.50. This trade represents a 31.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

TKO Group Price Performance

TKO opened at $141.77 on Wednesday. TKO Group Holdings, Inc. has a 1 year low of $75.35 and a 1 year high of $149.40. The company’s 50 day simple moving average is $134.69 and its 200 day simple moving average is $122.81. The stock has a market capitalization of $24.21 billion, a PE ratio of -337.55 and a beta of 1.07. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17.

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

Institutional Investors Weigh In On TKO Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Natixis Advisors LLC grew its holdings in shares of 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 purchasing an additional 2,069 shares during the period. CIBC Asset Management Inc purchased a new stake in TKO Group during the second quarter worth approximately $249,000. Arizona State Retirement System increased its position in shares of TKO Group by 15.0% in the second quarter. Arizona State Retirement System now owns 20,741 shares of the company’s stock worth $2,240,000 after acquiring an additional 2,699 shares in the last quarter. Oak Thistle LLC purchased a new position in shares of TKO Group in the 2nd quarter valued at $256,000. Finally, Choreo LLC acquired a new position in shares of TKO Group during the 2nd quarter valued at $554,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on TKO. TD Cowen increased their price target on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Citigroup raised their price target on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Pivotal Research boosted their price target on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.29.

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.