Virtu Financial LLC Makes New $221,000 Investment in TKO Group Holdings, Inc. (NYSE:TKO)

Virtu Financial LLC bought a new stake in TKO Group Holdings, Inc. (NYSE:TKO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,786 shares of the company’s stock, valued at approximately $221,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Coldstream Capital Management Inc. grew its stake in TKO Group by 3.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock valued at $379,000 after purchasing an additional 97 shares during the period. Ashford Capital Management Inc. purchased a new stake in TKO Group during the third quarter worth about $222,000. Geode Capital Management LLC raised its position in TKO Group by 7.4% in the third quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company’s stock worth $153,931,000 after acquiring an additional 85,160 shares during the period. M&T Bank Corp grew its position in shares of TKO Group by 17.1% during the 3rd quarter. M&T Bank Corp now owns 2,669 shares of the company’s stock valued at $330,000 after acquiring an additional 389 shares during the period. Finally, MML Investors Services LLC increased its stake in shares of TKO Group by 3.8% during the 3rd quarter. MML Investors Services LLC now owns 5,604 shares of the company’s stock worth $693,000 after purchasing an additional 207 shares during the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, major shareholder Patrick Whitesell bought 263,200 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average cost of $146.97 per share, for a total transaction of $38,682,504.00. Following the completion of the transaction, the insider now owns 418,587 shares of the company’s stock, valued at approximately $61,519,731.39. The trade was a 169.38 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ariel Emanuel purchased 60,208 shares of the stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the transaction, the chief executive officer now directly owns 1,734,530 shares of the company’s stock, valued at approximately $249,303,996.90. This represents a 3.60 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 600,647 shares of company stock valued at $86,815,728 in the last quarter. Corporate insiders own 53.80% of the company’s stock.

TKO Group Trading Down 3.5 %

Shares of TKO stock opened at $142.14 on Thursday. The company has a market capitalization of $24.27 billion, a PE ratio of -338.43 and a beta of 1.09. TKO Group Holdings, Inc. has a 52-week low of $75.35 and a 52-week high of $149.40. The business’s fifty day moving average is $129.36 and its 200 day moving average is $119.13. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17.

TKO Group (NYSE:TKO) last issued 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 business had revenue of $681.20 million for the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The business’s revenue was up 51.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS. On average, equities research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Pivotal Research upped their price objective on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Guggenheim increased their price target 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. boosted their price objective on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Citigroup lifted their target price on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, The Goldman Sachs Group upped their price target on shares of TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, TKO Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.79.

TKO Group Company 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.