Zurcher Kantonalbank Zurich Cantonalbank Lowers Stock Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 23.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,381 shares of the company’s stock after selling 5,113 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in TKO Group were worth $2,026,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after purchasing an additional 89 shares during the period. Quent Capital LLC grew its position in shares of TKO Group by 17.4% during the 3rd quarter. Quent Capital LLC now owns 680 shares of the company’s stock worth $84,000 after buying an additional 101 shares in the last quarter. Signaturefd LLC increased its stake in shares of TKO Group by 39.4% during the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after buying an additional 109 shares during the period. Moran Wealth Management LLC raised its holdings in shares of TKO Group by 0.7% in the third quarter. Moran Wealth Management LLC now owns 19,112 shares of the company’s stock valued at $2,364,000 after acquiring an additional 135 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in TKO Group by 3.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 3,971 shares of the company’s stock worth $491,000 after acquiring an additional 139 shares during the period. Institutional investors own 89.79% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on TKO. Pivotal Research raised their target price on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Roth Mkm boosted their price objective on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. UBS Group increased their target price on TKO Group from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, August 9th. The Goldman Sachs Group boosted their price target on TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley raised their price objective on TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $132.43.

TKO Group Stock Performance

Shares of TKO Group stock opened at $137.07 on Wednesday. The company has a 50 day moving average price of $125.12 and a 200 day moving average price of $116.27. The firm has a market capitalization of $23.41 billion, a P/E ratio of -326.29 and a beta of 1.09. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 52 week low of $72.33 and a 52 week high of $139.45.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). The company had revenue of $681.20 million during the quarter, compared to analysts’ expectations 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 in the prior year, the business posted $0.52 EPS. Sell-side analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

Insiders Place Their Bets

In related news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 42,156 shares in the company, valued at approximately $4,837,822.56. This represents a 42.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 53.80% of the stock is currently 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.