TKO Group Holdings, Inc. (NYSE:TKO) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 7.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,241,918 shares of the company's stock after buying an additional 85,160 shares during the quarter. Geode Capital Management LLC owned approximately 0.73% of TKO Group worth $153,931,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TKO. Darlington Partners Capital Management LP lifted its stake in TKO Group by 3.1% in the second quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company's stock worth $331,065,000 after acquiring an additional 90,868 shares during the last quarter. State Street Corp grew its stake in shares of TKO Group by 10.4% during the third quarter. State Street Corp now owns 2,052,916 shares of the company's stock worth $253,966,000 after purchasing an additional 192,602 shares in the last quarter. Clearbridge Investments LLC increased its holdings in TKO Group by 9.5% in the second quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company's stock valued at $194,467,000 after buying an additional 155,940 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in TKO Group by 29.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company's stock valued at $210,892,000 after buying an additional 383,869 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in TKO Group by 1.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company's stock worth $154,185,000 after buying an additional 13,148 shares during the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Pivotal Research increased their price objective on TKO Group from $145.00 to $165.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. boosted their price objective on TKO Group from $137.00 to $158.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th. Bank of America started coverage on shares of TKO Group in a research note on Tuesday, August 20th. They set a "buy" rating and a $140.00 price target for the company. Benchmark lowered shares of TKO Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, Roth Mkm increased their target price 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. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, TKO Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $136.79.

TKO Group Stock Performance

TKO traded up $0.30 during trading on Tuesday, reaching $147.35. The company's stock had a trading volume of 1,335,674 shares, compared to its average volume of 1,051,204. The company has a market capitalization of $25.16 billion, a price-to-earnings ratio of -350.83 and a beta of 1.09. The company's fifty day moving average price is $129.06 and its 200-day moving average price is $118.96. TKO Group Holdings, Inc. has a 52-week low of $75.35 and a 52-week high of $149.40. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17.

TKO Group (NYSE:TKO - Get Free Report) last released 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 negative net margin of 1.26% and a positive return on equity of 3.39%. The business had revenue of $681.20 million during the quarter, compared to analyst estimates of $665.12 million. During the same period last year, the business posted $0.52 EPS. TKO Group's revenue was up 51.7% compared to the same quarter last year. On average, equities analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In other TKO Group news, CEO Ariel Emanuel purchased 60,208 shares of the stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the transaction, the chief executive officer now directly owns 1,734,530 shares of the company's stock, valued at $249,303,996.90. This trade represents a 3.60 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Patrick Whitesell acquired 245,887 shares of the company's stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost of $142.45 per share, with a total value of $35,026,603.15. Following the completion of the purchase, the insider now owns 1,825,030 shares in the company, valued at approximately $259,975,523.50. This represents a 15.57 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 337,447 shares of company stock valued at $48,133,224. Corporate insiders own 53.80% of the company's stock.

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.