TKO Group Holdings, Inc. (NYSE:TKO) CFO Sells $769,172.86 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) CFO Andrew M. Schleimer sold 5,419 shares of TKO Group stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $769,172.86. Following the completion of the transaction, the chief financial officer now directly owns 6,995 shares of the company’s stock, valued at $992,870.30. This trade represents a 43.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

TKO Group Price Performance

Shares of 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. TKO Group Holdings, Inc. has a fifty-two week low of $75.35 and a fifty-two week high of $149.40. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The business has a 50-day moving average of $135.19 and a two-hundred day moving average of $122.94.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.28). The company 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 business’s revenue for the quarter was up 51.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 EPS. On average, equities research analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TKO has been the topic of several recent analyst reports. UBS Group lifted their target price on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday. Citigroup boosted their price target on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Benchmark cut shares of TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Guggenheim upped their target price on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Finally, Pivotal Research boosted their price objective on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $139.29.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA lifted its position in shares of TKO Group by 267.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,320,859 shares of the company’s stock worth $142,640,000 after buying an additional 961,880 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of TKO Group by 59.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock valued at $119,940,000 after buying an additional 362,460 shares during the last quarter. American Century Companies Inc. grew its stake in shares of TKO Group by 1,439.7% during the second quarter. American Century Companies Inc. now owns 307,405 shares of the company’s stock valued at $33,197,000 after purchasing an additional 287,440 shares during the last quarter. State Street Corp raised its position in TKO Group by 10.4% in the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after purchasing an additional 192,602 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in TKO Group by 9.5% during the 2nd quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock worth $194,467,000 after buying an additional 155,940 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.