Wilmington Savings Fund Society FSB Makes New $426,000 Investment in TKO Group Holdings, Inc. (NYSE:TKO)

Wilmington Savings Fund Society FSB purchased a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,445 shares of the company’s stock, valued at approximately $426,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC lifted its holdings in TKO Group by 109.8% during the 2nd quarter. SG Americas Securities LLC now owns 3,323 shares of the company’s stock worth $359,000 after purchasing an additional 1,739 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of TKO Group during the second quarter valued at about $222,000. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of TKO Group by 10.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,156 shares of the company’s stock worth $341,000 after buying an additional 286 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of TKO Group by 8.9% in the second quarter. Nisa Investment Advisors LLC now owns 5,114 shares of the company’s stock valued at $552,000 after acquiring an additional 419 shares during the period. Finally, MFA Wealth Advisors LLC purchased a new position in TKO Group during the second quarter valued at approximately $36,000. Institutional investors own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Pivotal Research boosted their price target 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. Guggenheim upped their target price on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. JPMorgan Chase & Co. raised their price target on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. TD Cowen boosted their price objective 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 shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $133.93.

Insider Buying and Selling

In other TKO Group news, CEO Ariel Emanuel purchased 60,208 shares of the stock in a transaction dated Thursday, December 12th. The shares were purchased at an average cost of $143.73 per share, with a total value of $8,653,695.84. Following the completion of the acquisition, the chief executive officer now directly owns 1,734,530 shares in the company, valued at $249,303,996.90. This trade represents a 3.60 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Patrick Whitesell acquired 245,887 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of $142.45 per share, for a total transaction of $35,026,603.15. Following the completion of the transaction, the insider now directly owns 1,825,030 shares of the company’s stock, valued at $259,975,523.50. The trade was a 15.57 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 337,447 shares of company stock worth $48,133,224 in the last three months. Insiders own 53.80% of the company’s stock.

TKO Group Stock Performance

Shares of TKO Group stock opened at $147.05 on Tuesday. TKO Group Holdings, Inc. has a 12 month low of $75.35 and a 12 month high of $149.40. The firm has a market capitalization of $25.11 billion, a P/E ratio of -350.12 and a beta of 1.09. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $128.66 and a two-hundred day simple moving average of $118.69.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The company had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. During the same period in the prior year, the firm earned $0.52 earnings per share. The business’s revenue for the quarter was up 51.7% compared to the same quarter last year. On average, equities analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share 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.