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 business’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $4,494,672.04. Following the completion of the sale, the insider now owns 73,677 shares of the company’s stock, valued at $10,457,713.38. The trade was 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 the SEC website.

TKO Group Price Performance

Shares of TKO stock traded down $0.66 during mid-day trading on Monday, reaching $141.74. The company’s stock had a trading volume of 740,863 shares, compared to its average volume of 589,310. 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 firm’s 50-day moving average is $134.17 and its two-hundred day moving average is $122.56. TKO Group Holdings, Inc. has a 1-year low of $75.35 and a 1-year high of $149.40. The company has a market cap of $24.20 billion, a P/E ratio of -337.48 and a beta of 1.07.

TKO Group (NYSE:TKO) last announced its quarterly 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 business had revenue of $681.20 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the business earned $0.52 EPS. On average, research analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Wall Street Analyst Weigh In

TKO has been the topic of several recent analyst reports. TD Cowen lifted their target price on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Pivotal Research increased their target price on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. raised their target price on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, Guggenheim upped their price target on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $136.79.

Institutional Trading of TKO Group

Several institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. raised its stake in 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 acquiring an additional 89 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of TKO Group by 3.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock worth $379,000 after purchasing an additional 97 shares during the last quarter. Quent Capital LLC increased its position in shares of TKO Group by 17.4% during the 3rd quarter. Quent Capital LLC now owns 680 shares of the company’s stock worth $84,000 after purchasing an additional 101 shares in the last quarter. Signaturefd LLC lifted its holdings in TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after purchasing an additional 109 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its position in TKO Group by 6.2% in the third quarter. Integrated Wealth Concepts LLC now owns 2,126 shares of the company’s stock valued at $263,000 after buying an additional 125 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

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.