TKO Group Holdings, Inc. (NYSE:TKO – Get Free Report) CEO Ariel Emanuel bought 10,805 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average cost of $185.09 per share, for a total transaction of $1,999,897.45. Following the completion of the purchase, the chief executive officer owned 154,655 shares in the company, valued at $28,625,093.95. This trade represents a 7.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
TKO Group Price Performance
Shares of TKO opened at $192.63 on Friday. TKO Group Holdings, Inc. has a fifty-two week low of $152.29 and a fifty-two week high of $226.94. The firm’s 50 day moving average price is $193.88 and its 200 day moving average price is $198.68. The company has a market cap of $37.39 billion, a P/E ratio of 71.88 and a beta of 0.57. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57.
TKO Group (NYSE:TKO – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.01. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the prior year, the firm earned $0.69 EPS. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. On average, research analysts forecast that TKO Group Holdings, Inc. will post 5 earnings per share for the current fiscal year.
TKO Group Dividend Announcement
Institutional Trading of TKO Group
Several institutional investors and hedge funds have recently bought and sold shares of TKO. Vontobel Holding Ltd. raised its position in TKO Group by 108,668.4% in the 4th quarter. Vontobel Holding Ltd. now owns 1,268,239 shares of the company’s stock valued at $265,062,000 after purchasing an additional 1,267,073 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in TKO Group by 54.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock valued at $665,826,000 after purchasing an additional 1,128,749 shares during the last quarter. State Street Corp raised its position in TKO Group by 20.3% in the 3rd quarter. State Street Corp now owns 5,249,091 shares of the company’s stock valued at $1,060,106,000 after purchasing an additional 887,401 shares during the last quarter. Norges Bank purchased a new stake in TKO Group in the 4th quarter valued at $150,602,000. Finally, Alliancebernstein L.P. raised its position in TKO Group by 551.8% in the 2nd quarter. Alliancebernstein L.P. now owns 494,964 shares of the company’s stock valued at $90,059,000 after purchasing an additional 419,021 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.
Analyst Upgrades and Downgrades
TKO has been the subject of several analyst reports. Zacks Research upgraded shares of TKO Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings upgraded shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Wolfe Research reiterated a “peer perform” rating on shares of TKO Group in a report on Thursday, March 5th. JPMorgan Chase & Co. boosted their price target on shares of TKO Group from $220.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Finally, BTIG Research restated a “buy” rating and issued a $237.00 target price on shares of TKO Group in a report on Thursday, May 7th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $233.73.
Read Our Latest Report on TKO Group
Trending Headlines about TKO Group
Here are the key news stories impacting TKO Group this week:
- Positive Sentiment: TKO announced a new multi-year event agreement with the Arizona Sports Alliance that will bring UFC, WWE, and other events to Phoenix, expanding its live-event footprint and creating additional revenue opportunities. Article Title
- Positive Sentiment: Related coverage highlighted a seven-event Arizona deal spanning UFC, WWE, and bull riding, reinforcing expectations for stronger event volume and broader monetization of TKO’s sports-entertainment portfolio. Article Title
- Positive Sentiment: CEO Ariel Emanuel and CFO Andrew Schleimer both bought shares in the open market, a sign management may be confident in the company’s outlook and view the stock as undervalued.
- Positive Sentiment: Recent commentary said TKO’s operating performance may be even better than its reported earnings suggest, which could support investor confidence in the stock’s fundamentals. Article Title
- Neutral Sentiment: There was also attention on potential WWE wrestler unionization and criticism of TKO’s cost-cutting, but no direct financial impact has been disclosed yet. Article Title
About TKO Group
TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.
TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.
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