Charles Schwab Investment Management Inc. Has $56.01 Million Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Charles Schwab Investment Management Inc. lifted its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 14.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 452,753 shares of the company's stock after purchasing an additional 56,312 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.27% of TKO Group worth $56,010,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. lifted its stake in TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company's stock valued at $32,000 after buying an additional 89 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of TKO Group by 491.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company's stock valued at $34,000 after acquiring an additional 231 shares in the last quarter. MFA Wealth Advisors LLC acquired a new position in TKO Group in the 2nd quarter worth approximately $36,000. Signaturefd LLC grew its position in TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company's stock worth $48,000 after purchasing an additional 109 shares in the last quarter. Finally, Quarry LP acquired a new stake in TKO Group during the 2nd quarter valued at $51,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Stock Performance

TKO Group stock traded down $0.25 during trading hours on Friday, reaching $137.96. 311,708 shares of the company were exchanged, compared to its average volume of 968,544. TKO Group Holdings, Inc. has a 12 month low of $72.33 and a 12 month high of $139.45. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average of $124.86 and a 200 day moving average of $115.98. The firm has a market cap 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.28). The firm had revenue of $681.20 million during the quarter, compared to analyst estimates of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The business's quarterly revenue was up 51.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share. As a group, research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Insider Buying and Selling

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction on 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 completion of the sale, the insider now directly owns 42,156 shares of the company's stock, valued at $4,837,822.56. This represents a 42.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 53.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Guggenheim raised their target price on TKO Group from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. Morgan Stanley upped their target price on TKO Group from $115.00 to $118.00 and gave the company an "equal weight" rating in a report on Friday, August 9th. Benchmark cut shares of TKO Group from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Pivotal Research boosted their price objective on shares of TKO Group from $145.00 to $165.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Finally, UBS Group increased their target price on shares of TKO Group from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $132.43.

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.