Park Avenue Securities LLC Has $1.85 Million Position in TKO Group Holdings, Inc. (NYSE:TKO)

Park Avenue Securities LLC grew its holdings in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 59.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,004 shares of the company's stock after purchasing an additional 4,836 shares during the period. Park Avenue Securities LLC's holdings in TKO Group were worth $1,848,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA grew its stake in 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 valued at $210,892,000 after acquiring an additional 383,869 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in TKO Group by 59.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company's stock valued at $119,940,000 after purchasing an additional 362,460 shares in the last quarter. State Street Corp increased its stake in 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 buying an additional 192,602 shares during the period. Clearbridge Investments LLC lifted its position in TKO Group by 9.5% in 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, Dimensional Fund Advisors LP boosted its stake in shares of TKO Group by 26.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 448,205 shares of the company's stock valued at $48,402,000 after buying an additional 94,944 shares during the period. Institutional investors and hedge funds own 89.79% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TKO shares. Roth Mkm increased their price objective on TKO Group from $146.00 to $148.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Pivotal Research raised their price target on TKO Group from $145.00 to $165.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Citigroup boosted their price target on TKO Group from $137.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. TD Cowen raised their price objective on shares of TKO Group from $140.00 to $143.00 and gave the company a "buy" rating in a research report on Tuesday, October 29th. Finally, Guggenheim boosted 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. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $139.29.

TKO Group Stock Performance

Shares of NYSE:TKO traded up $0.26 during midday trading on Friday, hitting $142.06. The company's stock had a trading volume of 803,286 shares, compared to its average volume of 704,412. TKO Group Holdings, Inc. has a fifty-two week low of $75.35 and a fifty-two week high of $149.40. 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 stock has a market capitalization of $24.26 billion, a price-to-earnings ratio of -338.23 and a beta of 1.07. The stock's 50 day simple moving average is $138.47 and its 200 day simple moving average is $124.62.

TKO Group (NYSE:TKO - Get Free Report) last issued its quarterly 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 positive return on equity of 3.39% and a negative net margin of 1.26%. The business had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. During the same period in the prior year, the firm earned $0.52 earnings per share. The business's quarterly revenue was up 51.7% on a year-over-year basis. As a group, research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Shane Kapral sold 1,034 shares of the company's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $146,765.96. Following the completion of the transaction, the chief accounting officer now directly owns 2,225 shares in the company, valued at approximately $315,816.50. This represents a 31.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Patrick Whitesell purchased 31,352 shares of the firm's stock in a transaction on Wednesday, December 11th. The shares were 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 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 ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 600,647 shares of company stock worth $86,815,728 and have sold 65,624 shares worth $9,314,671. Company insiders own 53.80% of the company's stock.

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.