Andrew M. Schleimer Sells 5,419 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) CFO Andrew M. Schleimer sold 5,419 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $769,172.86. Following the transaction, the chief financial officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

TKO Group Stock Up 0.1 %

TKO opened at $141.77 on Wednesday. The stock has a market capitalization of $24.21 billion, a P/E ratio of -337.55 and a beta of 1.07. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. TKO Group Holdings, Inc. has a one year low of $75.35 and a one year high of $149.40. The business’s 50-day simple moving average is $134.69 and its 200-day simple moving average is $122.81.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). The firm had revenue of $681.20 million during the quarter, compared to analysts’ expectations of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. TKO Group’s quarterly revenue was up 51.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 EPS. Analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on TKO. JPMorgan Chase & Co. increased their price target on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Pivotal Research raised their price target on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. TD Cowen lifted their target price on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Finally, UBS Group lifted their price objective on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, TKO Group presently has an average rating of “Moderate Buy” and an average target price of $139.29.

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.