Sax Wealth Advisors LLC Acquires New Position in TKO Group Holdings, Inc. (NYSE:TKO)

Sax Wealth Advisors LLC bought a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,115 shares of the company's stock, valued at approximately $443,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. lifted its stake in 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 period. Coldstream Capital Management Inc. lifted its position in shares of TKO Group by 3.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company's stock valued at $379,000 after acquiring an additional 97 shares during the period. Quent Capital LLC lifted its position in shares of TKO Group by 17.4% during the 3rd quarter. Quent Capital LLC now owns 680 shares of the company's stock valued at $84,000 after acquiring an additional 101 shares during the period. Signaturefd LLC boosted its stake in TKO Group by 39.4% during the third quarter. Signaturefd LLC now owns 386 shares of the company's stock worth $48,000 after acquiring an additional 109 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its holdings in TKO Group by 6.2% in the third quarter. Integrated Wealth Concepts LLC now owns 2,126 shares of the company's stock worth $263,000 after purchasing an additional 125 shares during the period. Institutional investors and hedge funds own 89.79% of the company's stock.

Insider Buying and Selling

In related news, major shareholder Patrick Whitesell bought 263,200 shares of TKO Group stock in a transaction dated Monday, December 16th. The stock was purchased at an average cost of $146.97 per share, with a total value of $38,682,504.00. Following the transaction, the insider now directly owns 418,587 shares of the company's stock, valued at approximately $61,519,731.39. The trade was a 169.38 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew M. Schleimer sold 5,419 shares of the firm's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $769,172.86. Following the sale, the chief financial officer now owns 6,995 shares of the company's stock, valued at approximately $992,870.30. The trade was a 43.65 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 600,647 shares of company stock worth $86,815,728 and have sold 65,624 shares worth $9,314,671. 53.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TKO has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of TKO Group from $137.00 to $158.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. Pivotal Research increased their price target on TKO Group from $145.00 to $165.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. UBS Group boosted their price objective on TKO Group from $135.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. Roth Mkm increased their target price on TKO Group from $146.00 to $148.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Finally, Guggenheim lifted their price target on shares of TKO Group from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, September 30th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $139.29.

TKO Group Stock Up 0.2 %

Shares of TKO stock traded up $0.26 on Friday, hitting $142.06. The stock had a trading volume of 803,286 shares, compared to its average volume of 704,412. TKO Group Holdings, Inc. has a 12-month low of $75.35 and a 12-month high of $149.40. The business has a 50 day moving average of $138.47 and a 200 day moving average of $124.62. 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 posted 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 negative net margin of 1.26% and a positive return on equity of 3.39%. The firm had revenue of $681.20 million during the quarter, compared to analysts' expectations of $665.12 million. During the same quarter last year, the business posted $0.52 EPS. The company's quarterly revenue was up 51.7% on a year-over-year basis. Equities research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

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.