TKO Group Holdings, Inc. (NYSE:TKO) Shares Bought by Tidal Investments LLC

Tidal Investments LLC grew its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 259.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,803 shares of the company's stock after acquiring an additional 15,732 shares during the period. Tidal Investments LLC's holdings in TKO Group were worth $2,697,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings 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 in the last quarter. First Horizon Advisors Inc. boosted its position in TKO Group by 491.5% during the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company's stock worth $34,000 after purchasing an additional 231 shares in the last quarter. MFA Wealth Advisors LLC acquired a new stake in TKO Group in the second quarter valued at $36,000. Signaturefd LLC raised 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 buying an additional 109 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of TKO Group during the 2nd quarter worth $51,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Trading Up 3.6 %

Shares of NYSE TKO traded up $5.13 during midday trading on Monday, hitting $147.05. The stock had a trading volume of 1,755,725 shares, compared to its average volume of 1,050,151. The company has a fifty day moving average price of $128.24 and a 200 day moving average price of $118.42. The company has a market capitalization of $25.11 billion, a price-to-earnings ratio of -344.57 and a beta of 1.09. TKO Group Holdings, Inc. has a 1-year low of $75.35 and a 1-year high of $149.40. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

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

Insider Activity at TKO Group

In other news, major shareholder Patrick Whitesell purchased 31,352 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average price of $142.03 per share, with a total value of $4,452,924.56. Following the purchase, the insider now directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ariel Emanuel acquired 60,208 shares of the firm's stock in a transaction on Thursday, December 12th. The stock was purchased 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 disclosure for this purchase can be found here. In the last three months, insiders purchased 337,447 shares of company stock worth $48,133,224. Corporate insiders own 53.80% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on TKO. Pivotal Research increased their price target on shares of TKO Group from $145.00 to $165.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Benchmark lowered TKO Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Guggenheim upped their target price 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. JPMorgan Chase & Co. boosted their price objective on shares of TKO Group from $137.00 to $158.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, TD Cowen raised their target price on shares of TKO Group from $140.00 to $143.00 and gave the stock a "buy" rating in a research report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, TKO Group has an average rating of "Moderate Buy" and a consensus price target of $133.93.

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.