UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in TKO Group Holdings, Inc. (NYSE:TKO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 3.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,864 shares of the company's stock after buying an additional 6,770 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.12% of TKO Group worth $24,601,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TKO. Massachusetts Financial Services Co. MA increased its position in shares of TKO Group by 267.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,320,859 shares of the company's stock worth $142,640,000 after acquiring an additional 961,880 shares in the last quarter. Ninety One UK Ltd boosted its stake in TKO Group by 15.9% during the 2nd quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company's stock valued at $439,004,000 after purchasing an additional 557,444 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in TKO Group by 59.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company's stock worth $119,940,000 after purchasing an additional 362,460 shares in the last quarter. American Century Companies Inc. raised its stake in shares of TKO Group by 1,439.7% in the second quarter. American Century Companies Inc. now owns 307,405 shares of the company's stock worth $33,197,000 after purchasing an additional 287,440 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of TKO Group by 9.5% in the second quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company's stock valued at $194,467,000 after purchasing an additional 155,940 shares in the last quarter. Institutional investors own 89.79% of the company's stock.

TKO Group Stock Performance

TKO traded up $0.04 during trading hours on Friday, hitting $144.20. The stock had a trading volume of 1,391,765 shares, compared to its average volume of 1,051,165. The stock has a market cap of $24.63 billion, a PE ratio of -343.31 and a beta of 1.09. TKO Group Holdings, Inc. has a 1 year low of $72.33 and a 1 year 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 company's fifty day simple moving average is $126.18 and its 200 day simple moving average is $116.83.

TKO Group (NYSE:TKO - Get Free Report) last posted 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 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 analysts' expectations of $665.12 million. During the same quarter in the previous year, the business earned $0.52 EPS. TKO Group's revenue for the quarter was up 51.7% on a year-over-year basis. Equities analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TKO shares. Roth Mkm increased their price target on TKO Group from $146.00 to $148.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Bank of America started coverage on shares of TKO Group in a report on Tuesday, August 20th. They issued a "buy" rating and a $140.00 target price for the company. Guggenheim boosted their price target on shares of TKO Group from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, September 30th. Pivotal Research increased their price objective on shares of TKO Group from $145.00 to $165.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, JPMorgan Chase & Co. boosted their target price on TKO Group from $132.00 to $137.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, TKO Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $132.43.

Insider Transactions at TKO Group

In other news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $114.76, for a total value of $3,560,543.76. Following the sale, the insider now directly owns 42,156 shares of the company's stock, valued at approximately $4,837,822.56. This represents a 42.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate 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.