Insider Selling: 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 the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $769,172.86. Following the completion of the transaction, the chief financial officer now directly owns 6,995 shares in the company, valued at approximately $992,870.30. This trade represents a 43.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

TKO Group Stock Down 0.5 %

Shares of TKO traded down $0.66 during mid-day trading on Monday, hitting $141.74. 740,863 shares of the company traded hands, compared to its average volume of 589,310. The company has a market capitalization of $24.20 billion, a PE ratio of -337.48 and a beta of 1.07. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average of $134.17 and a 200 day moving average of $122.56. 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 posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The company had revenue of $681.20 million during the quarter, compared to analysts’ expectations of $665.12 million. During the same period in the prior year, the business posted $0.52 EPS. The company’s quarterly revenue was up 51.7% on a year-over-year basis. Equities research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TKO shares. Citigroup increased their price target on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Guggenheim increased their target price on shares of TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Pivotal Research boosted their price target 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. Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, TD Cowen boosted their price objective on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, TKO Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.79.

Institutional Investors Weigh In On TKO Group

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