Bridgewater Associates LP Has $2.44 Million Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Bridgewater Associates LP boosted its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 874.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,691 shares of the company's stock after acquiring an additional 17,671 shares during the quarter. Bridgewater Associates LP's holdings in TKO Group were worth $2,436,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its holdings in shares of TKO Group by 5.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 57,555 shares of the company's stock valued at $7,120,000 after buying an additional 2,902 shares in the last quarter. Draper Asset Management LLC purchased a new stake in shares of TKO Group in the 3rd quarter valued at about $296,000. Algert Global LLC boosted its position in shares of TKO Group by 151.5% in the 3rd quarter. Algert Global LLC now owns 58,581 shares of the company's stock valued at $7,247,000 after purchasing an additional 35,289 shares during the period. Icon Wealth Advisors LLC purchased a new position in TKO Group during the 3rd quarter worth approximately $125,000. Finally, Citigroup Inc. increased its position in TKO Group by 3.4% during the third quarter. Citigroup Inc. now owns 100,426 shares of the company's stock worth $12,424,000 after buying an additional 3,300 shares during the period. Hedge funds and other institutional investors own 89.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TKO shares. TD Cowen lifted their target price on TKO Group from $140.00 to $143.00 and gave the company a "buy" rating in a research note on Tuesday, October 29th. Guggenheim boosted their price objective on shares of TKO Group from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Bank of America assumed coverage on shares of TKO Group in a research note on Tuesday, August 20th. They issued a "buy" rating and a $140.00 target price for the company. Benchmark cut shares of TKO Group from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. lifted their price objective on TKO Group from $132.00 to $137.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, TKO Group presently has a consensus rating of "Moderate Buy" and an average price target of $132.43.

Insider Buying and Selling

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $114.76, for a total value of $3,560,543.76. Following the completion of the sale, the insider now directly owns 42,156 shares in the company, valued at $4,837,822.56. This represents a 42.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 53.80% of the stock is owned by company insiders.

TKO Group Stock Down 0.2 %

NYSE TKO traded down $0.25 during trading hours on Friday, hitting $137.96. The company had a trading volume of 311,708 shares, compared to its average volume of 968,544. The firm's 50 day moving average is $124.86 and its 200 day moving average is $115.88. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group Holdings, Inc. has a fifty-two week low of $72.33 and a fifty-two week high of $139.45. The company has a market capitalization of $23.56 billion, a price-to-earnings ratio of -328.48 and a beta of 1.06.

TKO Group (NYSE:TKO - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $681.20 million for the quarter, compared to analyst estimates of $665.12 million. During the same period in the previous year, the firm posted $0.52 earnings per share. The company's revenue for the quarter was up 51.7% on a year-over-year basis. Sell-side analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

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.