State Street Corp Purchases 192,602 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

State Street Corp lifted its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 10.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,052,916 shares of the company's stock after purchasing an additional 192,602 shares during the quarter. State Street Corp owned approximately 1.20% of TKO Group worth $253,966,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Petrus Trust Company LTA acquired a new stake in TKO Group in the 3rd quarter worth approximately $597,000. Massachusetts Financial Services Co. MA raised its position in shares of 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 purchasing an additional 383,869 shares during the period. Central Pacific Bank Trust Division raised its position in shares of TKO Group by 499.8% in the third quarter. Central Pacific Bank Trust Division now owns 5,998 shares of the company's stock valued at $742,000 after purchasing an additional 4,998 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of TKO Group by 14.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 452,753 shares of the company's stock worth $56,010,000 after buying an additional 56,312 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of TKO Group by 1,439.7% during the 2nd quarter. American Century Companies Inc. now owns 307,405 shares of the company's stock worth $33,197,000 after buying an additional 287,440 shares during the period. Institutional investors own 89.79% of the company's stock.

Insider Buying and Selling at TKO Group

In related news, insider Mark S. Shapiro sold 31,026 shares of the firm's 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 completion of the transaction, the insider now owns 42,156 shares in the company, valued at $4,837,822.56. This trade represents a 42.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 53.80% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on TKO. TD Cowen lifted their target price on shares of TKO Group from $140.00 to $143.00 and gave the stock a "buy" rating in a report on Tuesday, October 29th. Bank of America assumed coverage on TKO Group in a research note on Tuesday, August 20th. They issued a "buy" rating and a $140.00 price objective on the stock. The Goldman Sachs Group increased their target price on 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 TKO Group from $135.00 to $140.00 and gave the company a "buy" rating in a report on Monday, September 30th. Finally, Pivotal Research upped 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. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, TKO Group currently has a consensus rating of "Moderate Buy" and an average price target of $133.93.

TKO Group Stock Performance

TKO traded up $2.10 during trading on Thursday, reaching $143.43. 874,306 shares of the company's stock were exchanged, compared to its average volume of 1,048,024. The company has a market capitalization of $24.49 billion, a P/E ratio of -341.50 and a beta of 1.09. 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 business has a 50 day moving average price of $127.94 and a 200 day moving average price of $118.04. TKO Group Holdings, Inc. has a fifty-two week low of $72.34 and a fifty-two week high of $145.69.

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). 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 for the quarter, compared to analyst estimates of $665.12 million. During the same quarter last year, the firm posted $0.52 earnings per share. TKO Group's revenue was up 51.7% on a year-over-year basis. As a group, analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

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.