TKO Group Holdings, Inc. (NYSE:TKO) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 1.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,246,338 shares of the company's stock after purchasing an additional 13,148 shares during the quarter. Principal Financial Group Inc. owned about 0.73% of TKO Group worth $154,185,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TKO. Blue Trust Inc. raised its position in shares of TKO Group by 52.4% in 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 during the last quarter. First Horizon Advisors Inc. raised its holdings in 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 during the last quarter. Signaturefd LLC lifted its stake in shares of 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 during the period. Quarry LP purchased a new position in shares of TKO Group during the 2nd quarter worth $51,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of TKO Group by 12,275.0% during the third quarter. International Assets Investment Management LLC now owns 495 shares of the company's stock worth $61,000 after purchasing an additional 491 shares during the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

TKO Group Stock Down 0.2 %

TKO Group stock traded down $0.25 during trading on Friday, reaching $143.54. 1,672,154 shares of the company's stock were exchanged, compared to its average volume of 1,053,346. TKO Group Holdings, Inc. has a 52-week low of $75.35 and a 52-week high of $149.40. The firm has a market cap of $24.51 billion, a price-to-earnings ratio of -341.76 and a beta of 1.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The company's 50-day moving average is $130.02 and its two-hundred day moving average is $119.54.

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

Insider Buying and Selling at TKO Group

In other TKO Group news, CEO Ariel Emanuel bought 60,208 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of $143.73 per share, with a total value of $8,653,695.84. Following the completion of the transaction, the chief executive officer now owns 1,734,530 shares in the company, valued at $249,303,996.90. The trade was a 3.60 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Patrick Whitesell purchased 31,352 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average price of $142.03 per share, for a total transaction of $4,452,924.56. Following the purchase, the insider now owns 1,674,322 shares of the company's stock, valued at approximately $237,803,953.66. This represents a 1.91 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 600,647 shares of company stock valued at $86,815,728 over the last 90 days. 53.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on TKO. JPMorgan Chase & Co. upped their target price on TKO Group from $137.00 to $158.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th. The Goldman Sachs Group upped their price objective on shares of TKO Group from $132.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. Guggenheim raised their target price on shares of TKO Group from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. Pivotal Research upped their price target on shares of TKO Group from $145.00 to $165.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Finally, TD Cowen lifted their price target on shares of TKO Group from $140.00 to $143.00 and gave the company a "buy" rating in a report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $136.79.

About TKO Group

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.