Vincent K. Mcmahon Sells 1,642,970 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the business's stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $89.01, for a total transaction of $146,240,759.70. Following the completion of the transaction, the insider now owns 9,875,129 shares of the company's stock, valued at approximately $878,985,232.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

TKO Group Stock Performance

NYSE TKO traded up $0.14 during trading on Thursday, reaching $97.69. The company's stock had a trading volume of 583,080 shares, compared to its average volume of 1,477,210. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $16.80 billion, a price-to-earnings ratio of 143.66 and a beta of 1.06. TKO Group Holdings, Inc. has a twelve month low of $72.33 and a twelve month high of $106.16. The business's fifty day moving average price is $86.06 and its 200-day moving average price is $82.08.

TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.59). The business had revenue of $614.00 million during the quarter, compared to analyst estimates of $619.48 million. TKO Group had a net margin of 3.02% and a return on equity of 3.11%. As a group, analysts anticipate that TKO Group Holdings, Inc. will post 2.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Strengthening Families & Communities LLC acquired a new position in shares of TKO Group during the third quarter worth about $26,000. Quent Capital LLC acquired a new position in shares of TKO Group during the third quarter worth about $27,000. Covestor Ltd acquired a new position in shares of TKO Group during the third quarter worth about $27,000. Fifth Third Bancorp acquired a new position in shares of TKO Group during the third quarter worth about $27,000. Finally, International Assets Investment Management LLC acquired a new position in shares of TKO Group during the fourth quarter worth about $27,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TKO shares. TD Cowen began coverage on shares of TKO Group in a research note on Friday, January 12th. They issued a "market perform" rating and a $92.00 price target for the company. Bank of America began coverage on shares of TKO Group in a research report on Friday, March 15th. They set a "buy" rating and a $100.00 price objective for the company. Moffett Nathanson began coverage on shares of TKO Group in a research report on Monday, January 29th. They set a "neutral" rating and a $95.00 price objective for the company. Northcoast Research began coverage on shares of TKO Group in a research report on Tuesday, February 6th. They set a "buy" rating and a $105.00 price objective for the company. Finally, Morgan Stanley began coverage on shares of TKO Group in a research report on Wednesday, February 14th. They set an "equal weight" rating and a $95.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $107.46.

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.