Moran Wealth Management LLC Increases Position in TKO Group Holdings, Inc. (NYSE:TKO)

Moran Wealth Management LLC grew its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 0.7% during the third quarter, Holdings Channel reports. The firm owned 19,112 shares of the company’s stock after acquiring an additional 135 shares during the quarter. Moran Wealth Management LLC’s holdings in TKO Group were worth $2,364,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. XN LP increased its stake in TKO Group by 100.9% during the first quarter. XN LP now owns 1,983,346 shares of the company’s stock worth $171,381,000 after purchasing an additional 996,161 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in TKO Group by 267.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,320,859 shares of the company’s stock worth $142,640,000 after buying an additional 961,880 shares in the last quarter. Ninety One UK Ltd boosted its position in TKO Group by 15.9% in the 2nd quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock valued at $439,004,000 after buying an additional 557,444 shares during the period. Fairview Capital Investment Management LLC purchased a new stake in shares of TKO Group during the first quarter worth $43,999,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of TKO Group by 59.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock valued at $119,940,000 after acquiring an additional 362,460 shares in the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Guggenheim lifted their price objective on TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Pivotal Research boosted their price target on shares of TKO Group from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Roth Mkm raised their price objective on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Bank of America started coverage on shares of TKO Group in a research note on Tuesday, August 20th. They set a “buy” rating and a $140.00 target price for the company. Finally, The Goldman Sachs Group raised their price target on TKO Group from $132.00 to $138.00 and gave the company 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $131.00.

Insider Buying and Selling at TKO Group

In other news, insider Mark S. Shapiro sold 31,026 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the completion of the transaction, the insider now directly owns 42,156 shares of the company’s stock, valued at $4,837,822.56. This trade represents a 42.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 53.80% of the stock is currently owned by insiders.

TKO Group Trading Up 3.1 %

TKO Group stock opened at $136.89 on Friday. The business has a fifty day moving average of $122.83 and a two-hundred day moving average of $114.28. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group Holdings, Inc. has a one year low of $72.33 and a one year high of $137.25.

TKO Group (NYSE:TKO) last issued its 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 negative net margin of 1.26% and a positive return on equity of 3.39%. The company’s quarterly revenue was up 51.7% on a year-over-year basis. During the same period last year, the business posted $0.52 earnings per share. Research analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

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.