TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. reduced its position in TKO Group Holdings, Inc. (NYSE:TKO) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,210 shares of the company’s stock after selling 194 shares during the period. Ameritas Investment Partners Inc.’s holdings in TKO Group were worth $1,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in TKO. Vanguard Group Inc. acquired a new position in TKO Group during the third quarter worth $419,731,000. Public Employees Retirement System of Ohio acquired a new position in TKO Group during the third quarter worth $1,649,000. Brookstone Capital Management acquired a new position in TKO Group during the fourth quarter worth $208,000. Pacer Advisors Inc. raised its position in TKO Group by 82.6% during the fourth quarter. Pacer Advisors Inc. now owns 10,792 shares of the company’s stock worth $880,000 after acquiring an additional 4,883 shares during the period. Finally, Simon Quick Advisors LLC acquired a new position in TKO Group during the fourth quarter worth $454,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

TKO Group Trading Down 0.0 %

Shares of TKO traded down $0.05 during mid-day trading on Tuesday, reaching $105.58. The stock had a trading volume of 719,478 shares, compared to its average volume of 1,157,421. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.99 and a quick ratio of 0.99. TKO Group Holdings, Inc. has a 52-week low of $72.33 and a 52-week high of $113.30. The business’s fifty day moving average is $107.46 and its 200 day moving average is $94.64. The firm has a market cap of $17.98 billion, a price-to-earnings ratio of -104.35 and a beta of 1.04.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $1.63. TKO Group had a negative net margin of 4.14% and a positive return on equity of 4.15%. The firm had revenue of $629.70 million during the quarter, compared to analyst estimates of $609.28 million. On average, sell-side analysts predict that TKO Group Holdings, Inc. will post 4.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on TKO. TD Cowen upgraded shares of TKO Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $92.00 to $127.00 in a research report on Wednesday, May 15th. Morgan Stanley increased their target price on shares of TKO Group from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, July 15th. Redburn Atlantic started coverage on shares of TKO Group in a research report on Thursday, July 18th. They issued a “buy” rating and a $129.00 target price for the company. Jefferies Financial Group increased their target price on shares of TKO Group from $120.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Finally, JPMorgan Chase & Co. increased their target price on shares of TKO Group from $103.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, May 29th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.64.

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.