TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) insider Mark S. Shapiro sold 31,026 shares of TKO Group stock in a transaction on Monday, September 16th. The stock was sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the completion of the transaction, the insider now directly owns 42,156 shares in the company, valued at $4,837,822.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
TKO Group Stock Performance
Shares of TKO stock opened at $117.33 on Tuesday. TKO Group Holdings, Inc. has a 12 month low of $72.33 and a 12 month high of $120.70. The stock has a market cap of $19.98 billion, a PE ratio of -116.17 and a beta of 1.04. The company's fifty day moving average price is $113.12 and its 200-day moving average price is $103.33. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34.
TKO Group (NYSE:TKO - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.10). TKO Group had a negative net margin of 3.14% and a positive return on equity of 3.10%. The business had revenue of $851.20 million for the quarter, compared to analysts' expectations of $771.54 million. During the same quarter in the previous year, the business posted $0.91 earnings per share. TKO Group's revenue for the quarter was up 178.9% on a year-over-year basis. On average, equities analysts expect that TKO Group Holdings, Inc. will post 4.17 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
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A number of equities research analysts have issued reports on TKO shares. Redburn Atlantic began coverage on shares of TKO Group in a report on Thursday, July 18th. They issued a "buy" rating and a $129.00 price target on the stock. Morgan Stanley boosted their price target on TKO Group from $115.00 to $118.00 and gave the company an "equal weight" rating in a report on Friday, August 9th. JPMorgan Chase & Co. upped their price target on TKO Group from $126.00 to $132.00 and gave the company an "overweight" rating in a research report on Friday, August 9th. The Goldman Sachs Group reiterated a "buy" rating and issued a $132.00 price objective on shares of TKO Group in a research report on Thursday, September 12th. Finally, Roth Mkm upped their target price on TKO Group from $121.00 to $130.00 and gave the company a "buy" rating in a report on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, TKO Group presently has a consensus rating of "Moderate Buy" and an average target price of $127.13.
Read Our Latest Stock Analysis on TKO
Institutional Investors Weigh In On TKO Group
Several hedge funds have recently added to or reduced their stakes in TKO. MFA Wealth Advisors LLC bought a new position in shares of TKO Group during the second quarter valued at $36,000. Quarry LP purchased a new stake in TKO Group during the 2nd quarter valued at about $51,000. GAMMA Investing LLC increased its stake in TKO Group by 388.6% during the 2nd quarter. GAMMA Investing LLC now owns 513 shares of the company's stock valued at $55,000 after purchasing an additional 408 shares in the last quarter. Scarborough Advisors LLC purchased a new position in TKO Group in the fourth quarter worth about $79,000. Finally, Sunbelt Securities Inc. raised its holdings in TKO Group by 1,384.4% in the first quarter. Sunbelt Securities Inc. now owns 1,143 shares of the company's stock worth $99,000 after buying an additional 1,066 shares during the last quarter. 89.79% of the stock is owned by institutional investors.
TKO Group Company Profile
(
Get Free Report)
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.
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