TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by SpiderRock Advisors LLC

SpiderRock Advisors LLC lowered its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 0.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 47,310 shares of the company’s stock after selling 121 shares during the period. SpiderRock Advisors LLC’s holdings in TKO Group were worth $5,853,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of TKO. Vanguard Group Inc. increased its stake in shares of TKO Group by 1.3% in the first quarter. Vanguard Group Inc. now owns 6,074,522 shares of the company’s stock valued at $524,899,000 after purchasing an additional 79,166 shares during the period. TD Asset Management Inc increased its holdings in shares of TKO Group by 23.8% in the first quarter. TD Asset Management Inc now owns 1,473,435 shares of the company’s stock valued at $127,320,000 after buying an additional 283,731 shares in the last quarter. Central Pacific Bank Trust Division lifted its holdings in shares of TKO Group by 499.8% during the third quarter. Central Pacific Bank Trust Division now owns 5,998 shares of the company’s stock valued at $742,000 after purchasing an additional 4,998 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of TKO Group by 29.8% in the 1st quarter. Russell Investments Group Ltd. now owns 113,914 shares of the company’s stock valued at $9,843,000 after purchasing an additional 26,168 shares during the period. Finally, Sei Investments Co. increased its stake in TKO Group by 9.9% in the 1st quarter. Sei Investments Co. now owns 206,369 shares of the company’s stock worth $17,832,000 after purchasing an additional 18,643 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Price Performance

Shares of TKO opened at $120.18 on Friday. The stock has a market cap of $20.51 billion, a P/E ratio of -286.14 and a beta of 1.06. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34. The stock’s 50-day moving average price is $121.38 and its two-hundred day moving average price is $112.53. TKO Group Holdings, Inc. has a 1 year low of $72.33 and a 1 year high of $130.95.

TKO Group (NYSE:TKO) last released its earnings results on Thursday, August 8th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.10). TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The firm had revenue of $851.20 million during the quarter, compared to the consensus estimate of $771.54 million. During the same quarter in the previous year, the firm posted $0.91 EPS. The company’s revenue was up 178.9% on a year-over-year basis. On average, equities analysts predict that TKO Group Holdings, Inc. will post 4.07 earnings per share for the current year.

Insider Transactions at TKO Group

In other news, insider Mark S. Shapiro sold 31,026 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $114.76, for a total value of $3,560,543.76. Following the sale, the insider now directly owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 53.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Roth Mkm upped their price objective on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Guggenheim raised their price objective on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. TD Cowen upped 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. UBS Group upped their price target on shares of TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $131.00.

TKO Group Profile

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.