TKO Group Holdings, Inc. (NYSE:TKO) Stock Holdings Lowered by Wellington Management Group LLP

Wellington Management Group LLP decreased its holdings in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 58.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,741 shares of the company's stock after selling 31,158 shares during the quarter. Wellington Management Group LLP's holdings in TKO Group were worth $2,690,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sora Investors LLC acquired a new position in shares of TKO Group in the 3rd quarter valued at approximately $2,474,000. State Street Corp increased its stake in shares of TKO Group by 10.4% in the third quarter. State Street Corp now owns 2,052,916 shares of the company's stock worth $253,966,000 after buying an additional 192,602 shares during the last quarter. Stifel Financial Corp raised its holdings in TKO Group by 3.0% in the third quarter. Stifel Financial Corp now owns 24,837 shares of the company's stock valued at $3,073,000 after acquiring an additional 729 shares in the last quarter. Quantinno Capital Management LP boosted its stake in TKO Group by 0.7% during the 3rd quarter. Quantinno Capital Management LP now owns 28,675 shares of the company's stock valued at $3,547,000 after acquiring an additional 207 shares during the last quarter. Finally, Petrus Trust Company LTA acquired a new position in TKO Group during the 3rd quarter worth $597,000. Hedge funds and other institutional investors own 89.79% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TKO shares. Pivotal Research upped their target price 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. Benchmark cut TKO Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. TD Cowen lifted their target price on TKO Group from $140.00 to $143.00 and gave the stock a "buy" rating in a research report on Tuesday, October 29th. Roth Mkm boosted their price target on TKO Group from $146.00 to $148.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group raised their price objective on TKO Group from $132.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $136.79.

Insiders Place Their Bets

In related news, major shareholder Patrick Whitesell acquired 31,352 shares of the stock in a transaction that occurred 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 completion of the purchase, the insider now directly owns 1,674,322 shares of the company's stock, valued at $237,803,953.66. The trade was a 1.91 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ariel Emanuel bought 60,208 shares of the business's stock in a transaction on Thursday, December 12th. The stock was purchased at an average price 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 directly owns 1,734,530 shares of the company's stock, valued at $249,303,996.90. This trade represents a 3.60 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 600,647 shares of company stock worth $86,815,728. 53.80% of the stock is owned by company insiders.

TKO Group Stock Performance

NYSE:TKO traded down $5.11 during mid-day trading on Wednesday, hitting $142.14. The stock had a trading volume of 867,622 shares, compared to its average volume of 1,050,575. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The company has a 50 day simple moving average of $129.36 and a 200-day simple moving average of $119.13. The stock has a market capitalization of $24.27 billion, a price-to-earnings ratio of -338.43 and a beta of 1.09. TKO Group Holdings, Inc. has a 52 week low of $75.35 and a 52 week high of $149.40.

TKO Group (NYSE:TKO - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $665.12 million. During the same period last year, the firm posted $0.52 EPS. The business's quarterly revenue was up 51.7% on a year-over-year basis. On average, research analysts expect 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.