Wilmington Savings Fund Society FSB Makes New $426,000 Investment in TKO Group Holdings, Inc. (NYSE:TKO)

Wilmington Savings Fund Society FSB purchased a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,445 shares of the company's stock, valued at approximately $426,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC increased its stake in TKO Group by 109.8% during the 2nd quarter. SG Americas Securities LLC now owns 3,323 shares of the company's stock worth $359,000 after buying an additional 1,739 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of TKO Group during the second quarter worth $222,000. Envestnet Portfolio Solutions Inc. raised its stake in shares of TKO Group by 10.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,156 shares of the company's stock valued at $341,000 after acquiring an additional 286 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in TKO Group by 8.9% in the second quarter. Nisa Investment Advisors LLC now owns 5,114 shares of the company's stock valued at $552,000 after purchasing an additional 419 shares during the period. Finally, MFA Wealth Advisors LLC acquired a new position in TKO Group during the 2nd quarter worth $36,000. Hedge funds and other institutional investors own 89.79% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TKO shares. JPMorgan Chase & Co. increased their price target on TKO Group from $137.00 to $158.00 and gave the company an "overweight" rating in a research report on Thursday, December 12th. TD Cowen raised their target price on shares of TKO Group from $140.00 to $143.00 and gave the company a "buy" rating in a report on Tuesday, October 29th. The Goldman Sachs Group boosted their price target on shares of TKO Group from $132.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, October 2nd. Benchmark lowered shares of TKO Group from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Finally, Pivotal Research boosted their target price on shares of TKO Group from $145.00 to $165.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, TKO Group currently has an average rating of "Moderate Buy" and an average price target of $136.79.

TKO Group Stock Performance

Shares of TKO traded up $0.20 during midday trading on Tuesday, reaching $147.25. 1,297,200 shares of the stock were exchanged, compared to its average volume of 1,051,169. TKO Group Holdings, Inc. has a twelve month low of $75.35 and a twelve month high of $149.40. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $25.15 billion, a price-to-earnings ratio of -347.31 and a beta of 1.09. The business's 50-day moving average price is $128.66 and its 200 day moving average price is $118.69.

TKO Group (NYSE:TKO - Get Free Report) last released 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). The firm had revenue of $681.20 million for the quarter, compared to analyst estimates of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The company's quarterly revenue was up 51.7% on a year-over-year basis. During the same period last year, the firm earned $0.52 EPS. On average, sell-side analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Insider Activity at TKO Group

In other TKO Group news, major shareholder Patrick Whitesell acquired 245,887 shares of the company's stock in a transaction on Friday, December 13th. The shares were bought at an average cost of $142.45 per share, for a total transaction of $35,026,603.15. Following the completion of the purchase, the insider now owns 1,825,030 shares in the company, valued at $259,975,523.50. This trade represents a 15.57 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ariel Emanuel bought 60,208 shares of the firm's stock in a transaction dated Thursday, December 12th. The shares were acquired at an average price of $143.73 per share, with a total value of $8,653,695.84. Following the purchase, the chief executive officer now directly owns 1,734,530 shares of the company's stock, valued at approximately $249,303,996.90. This trade represents a 3.60 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 337,447 shares of company stock worth $48,133,224 in the last 90 days. 53.80% of the stock is owned by insiders.

TKO Group 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.