TKO Group Holdings, Inc. (NYSE:TKO) Shares Purchased by Annex Advisory Services LLC

Annex Advisory Services LLC raised its holdings in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 20.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 282,394 shares of the company's stock after acquiring an additional 47,996 shares during the quarter. TKO Group makes up 1.2% of Annex Advisory Services LLC's holdings, making the stock its 20th largest holding. Annex Advisory Services LLC owned about 0.17% of TKO Group worth $40,131,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TKO. Blue Trust Inc. increased its holdings in TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company's stock worth $32,000 after purchasing an additional 89 shares during the period. First Horizon Advisors Inc. grew its position in shares of TKO Group by 491.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company's stock worth $34,000 after buying an additional 231 shares in the last quarter. Signaturefd LLC raised 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 acquiring an additional 109 shares in the last quarter. Quarry LP bought a new stake in shares of TKO Group in the second quarter valued at about $51,000. Finally, Brooklyn Investment Group lifted its stake in TKO Group by 213.0% in the fourth quarter. Brooklyn Investment Group now owns 360 shares of the company's stock worth $51,000 after acquiring an additional 245 shares during the period. Hedge funds and other institutional investors own 89.79% of the company's stock.

Insider Transactions at TKO Group

In other news, CFO Andrew M. Schleimer sold 5,419 shares of the business's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $769,172.86. Following the completion of the sale, the chief financial officer now owns 6,995 shares of the company's stock, valued at $992,870.30. The trade was a 43.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Nick Khan sold 27,505 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 transaction of $3,904,059.70. Following the completion of the transaction, the director now directly owns 169,004 shares in the company, valued at $23,988,427.76. This represents a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 600,647 shares of company stock valued at $86,815,728 and have sold 65,624 shares valued at $9,314,671. Corporate insiders own 53.80% of the company's stock.

TKO Group Stock Performance

Shares of TKO stock traded up $0.26 on Monday, hitting $142.06. The company had a trading volume of 803,286 shares, compared to its average volume of 704,412. The firm has a market cap of $24.26 billion, a P/E ratio of -338.23 and a beta of 1.07. TKO Group Holdings, Inc. has a twelve month low of $75.35 and a twelve month high of $149.40. The company has a 50-day moving average price of $138.47 and a 200-day moving average price of $124.70. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.28). TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The company had revenue of $681.20 million during the quarter, compared to analysts' expectations of $665.12 million. During the same quarter in the prior year, the company posted $0.52 EPS. The company's revenue for the quarter was up 51.7% on a year-over-year basis. As a group, equities research analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Pivotal Research increased their price objective on shares of TKO Group from $145.00 to $165.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Citigroup boosted their price target on TKO Group from $137.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. TD Cowen raised their price objective on TKO Group from $140.00 to $143.00 and gave the company a "buy" rating in a research report on Tuesday, October 29th. Roth Mkm boosted their price objective on shares of TKO Group from $146.00 to $148.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Finally, Guggenheim increased their price target on TKO Group from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $139.29.

TKO Group Company 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.