Insider Selling: TKO Group Holdings, Inc. (NYSE:TKO) Insider Sells 31,666 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) insider Mark S. Shapiro sold 31,666 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $4,494,672.04. Following the completion of the sale, the insider now owns 73,677 shares in the company, valued at approximately $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 the SEC website.

TKO Group Price Performance

TKO Group stock 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 company’s fifty day moving average price is $134.69 and its 200 day moving average price is $122.81. The stock has a market capitalization of $24.21 billion, a P/E ratio of -337.55 and a beta of 1.07. TKO Group Holdings, Inc. has a 1 year low of $75.35 and a 1 year high of $149.40.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). The company had revenue of $681.20 million for 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%. The firm’s revenue for the quarter was up 51.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS. As a group, equities research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TKO shares. Pivotal Research upped their price objective on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. TD Cowen upped their price target on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. UBS Group lifted their price objective on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday. Guggenheim upped their target price on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, Roth Mkm lifted their price target on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.29.

Hedge Funds Weigh In On TKO Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. increased its position in shares of TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after purchasing an additional 89 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in TKO Group by 491.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after purchasing an additional 231 shares during the last quarter. Signaturefd LLC grew its holdings in shares of TKO Group by 39.4% during the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after buying an additional 109 shares in the last quarter. Quarry LP acquired a new stake in shares of TKO Group in the second quarter valued at about $51,000. Finally, International Assets Investment Management LLC lifted its stake in shares of TKO Group by 12,275.0% in the third quarter. International Assets Investment Management LLC now owns 495 shares of the company’s stock worth $61,000 after buying an additional 491 shares in the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

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.