Insider Buying: TKO Group Holdings, Inc. (NYSE:TKO) CEO Purchases $999,973.80 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel bought 12,531 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were purchased at an average price of $79.80 per share, with a total value of $999,973.80. Following the transaction, the chief executive officer now owns 12,531 shares of the company’s stock, valued at $999,973.80. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

TKO Group Price Performance

TKO Group stock opened at $78.11 on Friday. The business’s 50 day moving average price is $84.64. TKO Group Holdings, Inc. has a fifty-two week low of $76.26 and a fifty-two week high of $106.16. The company has a market cap of $6.50 billion, a price-to-earnings ratio of 60.55 and a beta of 1.08. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.33.

TKO Group Announces Dividend

The company also recently disclosed a None dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 22nd were paid a dividend of $3.86 per share. The ex-dividend date of this dividend was Thursday, September 21st. TKO Group’s payout ratio is 27.91%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Guggenheim dropped their target price on TKO Group from $126.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. UBS Group began coverage on shares of TKO Group in a research note on Friday, September 15th. They issued a “buy” rating and a $123.00 price objective on the stock. Benchmark began coverage on shares of TKO Group in a research note on Monday, October 2nd. They issued a “buy” rating and a $100.00 price objective on the stock. Roth Mkm reduced their price objective on shares of TKO Group from $132.00 to $112.00 and set a “buy” rating on the stock in a research note on Wednesday, September 27th. Finally, JPMorgan Chase & Co. raised their price objective on shares of TKO Group from $100.00 to $103.00 and gave the company an “overweight” rating in a research note on Wednesday, November 8th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, TKO Group currently has an average rating of “Buy” and an average target price of $111.60.

Institutional Investors Weigh In On TKO Group

A number of hedge funds have recently modified their holdings of TKO. Ninety One UK Ltd acquired a new stake in shares of TKO Group during the third quarter worth about $320,964,000. Ninety One SA PTY Ltd acquired a new stake in shares of TKO Group during the third quarter worth about $21,161,000. Quent Capital LLC acquired a new stake in shares of TKO Group during the third quarter worth about $27,000. National Bank of Canada FI acquired a new stake in shares of TKO Group during the third quarter worth about $882,000. Finally, FNY Investment Advisers LLC bought a new position in TKO Group during the 3rd quarter worth about $84,000. Institutional investors and hedge funds own 66.32% of the company’s stock.

TKO Group Company Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. It operates through four segments: Media and Content, Live Events, Sponsorships, and Consumer Products Licensing. The company produces live events, television programs, and long-form and short-form video content across various platforms, including broadcast, pay television, and streaming, as well as digital and social media across approximately 170 countries.