TKO Group Holdings, Inc. (NYSE:TKO) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lifted its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 29.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,704,728 shares of the company’s stock after acquiring an additional 383,869 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.00% of TKO Group worth $210,892,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Moran Wealth Management LLC grew its position in TKO Group by 0.7% during the 3rd quarter. Moran Wealth Management LLC now owns 19,112 shares of the company’s stock worth $2,364,000 after purchasing an additional 135 shares during the period. First Horizon Advisors Inc. grew its holdings in TKO Group by 491.5% during the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after acquiring an additional 231 shares during the period. Prospera Private Wealth LLC acquired a new stake in TKO Group during the third quarter worth about $156,000. Quest Partners LLC purchased a new position in TKO Group during the third quarter valued at approximately $715,000. Finally, Thrivent Financial for Lutherans lifted its holdings in TKO Group by 9.7% in the third quarter. Thrivent Financial for Lutherans now owns 15,608 shares of the company’s stock valued at $1,931,000 after acquiring an additional 1,376 shares during the period. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TKO shares. Morgan Stanley lifted their target price on shares of TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Bank of America began coverage on shares of TKO Group in a research report on Tuesday, August 20th. They issued a “buy” rating and a $140.00 price objective for the company. Guggenheim raised their target price on TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, September 30th. TD Cowen upped their price target on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Finally, Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $131.00.

TKO Group Stock Down 0.8 %

Shares of TKO opened at $135.77 on Friday. The stock has a 50 day moving average price of $123.24 and a 200 day moving average price of $114.54. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a one year low of $72.33 and a one year high of $139.09.

TKO Group (NYSE:TKO) last released 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 business had revenue of $681.20 million for 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%. TKO Group’s quarterly revenue was up 51.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 EPS. As a group, analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Insider Buying and Selling at TKO Group

In other news, insider Mark S. Shapiro sold 31,026 shares of the business’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 transaction, the insider now directly owns 42,156 shares in the company, valued at $4,837,822.56. The trade was 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 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.