Stablepoint Partners LLC Invests $232,000 in TKO Group Holdings, Inc. (NYSE:TKO)

Stablepoint Partners LLC purchased a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 1,879 shares of the company’s stock, valued at approximately $232,000.

Other institutional investors have also added to or reduced their stakes in the company. American International Group Inc. lifted its stake in shares of TKO Group by 10.1% in the 4th quarter. American International Group Inc. now owns 81,579 shares of the company’s stock valued at $6,655,000 after acquiring an additional 7,456 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of TKO Group by 20.1% during the fourth quarter. Vanguard Group Inc. now owns 5,995,356 shares of the company’s stock worth $489,101,000 after purchasing an additional 1,002,121 shares during the last quarter. TD Asset Management Inc increased its stake in shares of TKO Group by 23.8% in the first quarter. TD Asset Management Inc now owns 1,473,435 shares of the company’s stock valued at $127,320,000 after buying an additional 283,731 shares during the period. Annex Advisory Services LLC raised its holdings in TKO Group by 20.6% in the 1st quarter. Annex Advisory Services LLC now owns 165,910 shares of the company’s stock valued at $14,336,000 after buying an additional 28,365 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in TKO Group by 29.8% during the 1st quarter. Russell Investments Group Ltd. now owns 113,914 shares of the company’s stock worth $9,843,000 after buying an additional 26,168 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group lifted 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. Pivotal Research started coverage on TKO Group in a research note on Friday, September 13th. They issued a “buy” rating and a $170.00 price target for the company. UBS Group lifted their price objective on TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Bank of America initiated coverage on shares of TKO Group in a research report on Tuesday, August 20th. They set a “buy” rating and a $140.00 target price for the company. Finally, Roth Mkm upped their price objective on shares of TKO Group from $121.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.93.

Insider Buying and Selling at TKO Group

In related news, Director Nick Khan sold 22,693 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $105.53, for a total value of $2,394,792.29. Following the transaction, the director now owns 220,018 shares in the company, valued at approximately $23,218,499.54. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other TKO Group news, Director Nick Khan sold 22,693 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $105.53, for a total transaction of $2,394,792.29. Following the transaction, the director now owns 220,018 shares of the company’s stock, valued at approximately $23,218,499.54. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark S. Shapiro sold 31,026 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the sale, the insider now owns 42,156 shares of the company’s stock, valued at $4,837,822.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 53.80% of the stock is owned by company insiders.

TKO Group Price Performance

TKO opened at $126.24 on Tuesday. TKO Group Holdings, Inc. has a 12-month low of $72.33 and a 12-month high of $128.31. The firm has a market cap of $21.54 billion, a price-to-earnings ratio of -131.50 and a beta of 1.04. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34. The stock’s 50-day moving average price is $119.77 and its 200 day moving average price is $109.19.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.10). TKO Group had a negative net margin of 3.14% and a positive return on equity of 3.10%. The firm had revenue of $851.20 million during the quarter, compared to analyst estimates of $771.54 million. During the same quarter in the previous year, the business earned $0.91 EPS. TKO Group’s revenue for the quarter was up 178.9% on a year-over-year basis. As a group, sell-side analysts expect that TKO Group Holdings, Inc. will post 4.17 earnings per share for the current 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.