TKO Group Holdings, Inc. (NYSE:TKO) Shares Purchased by Truist Financial Corp

Truist Financial Corp lifted its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 4.9% during the second quarter, Holdings Channel reports. The fund owned 5,278 shares of the company’s stock after purchasing an additional 248 shares during the quarter. Truist Financial Corp’s holdings in TKO Group were worth $570,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TKO. MFA Wealth Advisors LLC purchased a new stake in TKO Group in the second quarter valued at approximately $36,000. Quarry LP acquired a new stake in TKO Group in the 2nd quarter valued at $51,000. GAMMA Investing LLC boosted its position in shares of TKO Group by 388.6% in the second quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock worth $55,000 after buying an additional 408 shares during the period. Sunbelt Securities Inc. lifted its position in TKO Group by 1,384.4% during the 1st quarter. Sunbelt Securities Inc. now owns 1,143 shares of the company’s stock worth $99,000 after acquiring an additional 1,066 shares in the last quarter. Finally, Checchi Capital Advisers LLC acquired a new position in shares of TKO Group during the second quarter worth $212,000. 89.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Nick Khan sold 22,693 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $105.53, for a total value of $2,394,792.29. Following the completion of the sale, the director now directly owns 220,018 shares in the company, valued at approximately $23,218,499.54. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Nick Khan sold 22,693 shares of TKO Group stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $105.53, for a total value of $2,394,792.29. Following the transaction, the director now owns 220,018 shares in the company, valued at $23,218,499.54. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 sale, the insider now owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 53.80% of the company’s stock.

TKO Group Price Performance

Shares of NYSE:TKO opened at $125.36 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.99. TKO Group Holdings, Inc. has a one year low of $72.33 and a one year high of $128.31. The company has a market capitalization of $21.39 billion, a PE ratio of -130.58 and a beta of 1.04. The stock has a fifty day moving average of $120.10 and a 200-day moving average of $109.47.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.10). TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The business had revenue of $851.20 million for the quarter, compared to analyst estimates of $771.54 million. During the same quarter in the previous year, the business posted $0.91 earnings per share. The company’s revenue was up 178.9% compared to the same quarter last year. As a group, equities analysts anticipate that TKO Group Holdings, Inc. will post 4.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TKO has been the topic of several recent analyst reports. TD Cowen boosted their price target on TKO Group from $127.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. UBS Group raised their price objective on TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Redburn Atlantic started coverage on shares of TKO Group in a research note on Thursday, July 18th. They set a “buy” rating and a $129.00 price objective on the stock. Roth Mkm raised their target price on TKO Group from $121.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, The Goldman Sachs Group lifted their price target on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and a consensus price target of $130.93.

About TKO Group

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.