Insider Selling: TKO Group Holdings, Inc. (NYSE:TKO) Insider Sells $3,560,543.76 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $114.76, for a total value of $3,560,543.76. Following the sale, the insider now directly owns 42,156 shares in the company, valued at approximately $4,837,822.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TKO Group Stock Up 1.2 %

TKO opened at $122.45 on Thursday. TKO Group Holdings, Inc. has a one year low of $72.33 and a one year high of $123.99. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.99. The stock’s fifty day moving average is $113.32 and its 200-day moving average is $103.60. The company has a market capitalization of $20.89 billion, a PE ratio of -121.24 and a beta of 1.04.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.10). TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The firm had revenue of $851.20 million during the quarter, compared to the consensus estimate of $771.54 million. During the same period in the prior year, the firm posted $0.91 EPS. The firm’s quarterly revenue was up 178.9% on a year-over-year basis. On average, equities analysts predict that TKO Group Holdings, Inc. will post 4.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Redburn Atlantic assumed coverage on TKO Group in a research note on Thursday, July 18th. They issued a “buy” rating and a $129.00 price target on the stock. JPMorgan Chase & Co. raised their price target on TKO Group from $126.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. TD Cowen raised their price target on TKO Group from $127.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Morgan Stanley raised their price target on TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Finally, Bank of America initiated coverage on TKO Group in a research note on Tuesday, August 20th. They issued a “buy” rating and a $140.00 price target on the stock. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $127.13.

Institutional Trading of TKO Group

A number of hedge funds and other institutional investors have recently modified their holdings of TKO. Vanguard Group Inc. raised its stake in shares of TKO Group by 20.1% in the 4th quarter. Vanguard Group Inc. now owns 5,995,356 shares of the company’s stock worth $489,101,000 after buying an additional 1,002,121 shares in the last quarter. XN LP raised its position in shares of TKO Group by 100.9% during the first quarter. XN LP now owns 1,983,346 shares of the company’s stock worth $171,381,000 after purchasing an additional 996,161 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of TKO Group by 267.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,320,859 shares of the company’s stock worth $142,640,000 after purchasing an additional 961,880 shares during the period. TD Asset Management Inc raised its position in shares of TKO Group by 215.3% during the fourth quarter. TD Asset Management Inc now owns 1,189,704 shares of the company’s stock worth $97,056,000 after purchasing an additional 812,336 shares during the period. Finally, Ninety One UK Ltd raised its position in shares of TKO Group by 15.9% during the second quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock worth $439,004,000 after purchasing an additional 557,444 shares during the period. 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.