Sora Investors LLC Takes $2.47 Million Position in TKO Group Holdings, Inc. (NYSE:TKO)

Sora Investors LLC purchased a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,000 shares of the company's stock, valued at approximately $2,474,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Ninety One UK Ltd boosted its position in shares of TKO Group by 15.9% during the 2nd quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company's stock worth $439,004,000 after acquiring an additional 557,444 shares in the last quarter. Darlington Partners Capital Management LP boosted its holdings in shares of TKO Group by 3.1% in the 2nd quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company's stock valued at $331,065,000 after purchasing an additional 90,868 shares in the last quarter. State Street Corp increased its stake in shares of TKO Group by 10.4% in the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company's stock valued at $253,966,000 after purchasing an additional 192,602 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of TKO Group by 9.5% during the 2nd quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company's stock worth $194,467,000 after buying an additional 155,940 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of TKO Group by 29.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company's stock worth $210,892,000 after buying an additional 383,869 shares during the last quarter. Institutional investors own 89.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TKO. Bank of America began coverage on TKO Group in a research report on Tuesday, August 20th. They issued a "buy" rating and a $140.00 target price on the stock. 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 report on Monday, September 30th. The Goldman Sachs Group upped their price objective on shares of TKO Group from $132.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, October 2nd. Benchmark lowered shares of TKO Group from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. Finally, Roth Mkm upped their price target on shares of TKO Group from $146.00 to $148.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $132.43.

Insider Activity

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the transaction, the insider now directly owns 42,156 shares in the company, valued at approximately $4,837,822.56. This represents a 42.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 53.80% of the company's stock.

TKO Group Trading Down 0.1 %

Shares of NYSE TKO traded down $0.18 during trading on Friday, reaching $143.98. The company had a trading volume of 675,737 shares, compared to its average volume of 1,048,095. TKO Group Holdings, Inc. has a 12 month low of $72.33 and a 12 month high of $145.69. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The stock has a market cap of $24.59 billion, a P/E ratio of -343.31 and a beta of 1.09. The company's fifty day moving average price is $126.18 and its 200-day moving average price is $116.83.

TKO Group (NYSE:TKO - Get Free Report) last announced its earnings results 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 company had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. During the same quarter in the previous year, the company earned $0.52 earnings per share. The business's revenue was up 51.7% on a year-over-year basis. As a group, research analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share 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.