TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Xponance Inc.

Xponance Inc. lessened its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 37.3% in the 2nd quarter, Holdings Channel reports. The firm owned 8,026 shares of the company’s stock after selling 4,775 shares during the period. Xponance Inc.’s holdings in TKO Group were worth $867,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TKO. MFA Wealth Advisors LLC purchased a new position in shares of TKO Group during the second quarter worth $36,000. GAMMA Investing LLC boosted its holdings in TKO Group by 388.6% during the 2nd quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock valued at $55,000 after acquiring an additional 408 shares during the period. Scarborough Advisors LLC acquired a new position in TKO Group in the 4th quarter valued at about $79,000. Sunbelt Securities Inc. increased its stake in TKO Group by 1,384.4% during the first quarter. Sunbelt Securities Inc. now owns 1,143 shares of the company’s stock worth $99,000 after purchasing an additional 1,066 shares during the period. Finally, TFO Wealth Partners LLC acquired a new stake in shares of TKO Group during the fourth quarter worth about $124,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Analysts Set New Price Targets

TKO has been the topic of several recent research reports. Morgan Stanley upped their target price on shares of TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Bank of America started coverage on TKO Group in a research report on Tuesday, August 20th. They set a “buy” rating and a $140.00 price objective on the stock. Roth Mkm lifted their target price on TKO Group from $121.00 to $130.00 and gave the company a “buy” rating in a report on Monday, July 22nd. TD Cowen upped their price target on TKO Group from $127.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, UBS Group lifted their price objective on TKO Group from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.13.

TKO Group Stock Performance

Shares of TKO stock opened at $125.00 on Friday. TKO Group Holdings, Inc. has a 1 year low of $72.33 and a 1 year high of $125.49. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $21.33 billion, a price-to-earnings ratio of -123.76 and a beta of 1.04. The stock’s 50-day moving average is $115.80 and its two-hundred day moving average is $105.79.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.10). The firm had revenue of $851.20 million for the quarter, compared to analyst estimates of $771.54 million. TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The company’s quarterly revenue was up 178.9% on a year-over-year basis. During the same period last year, the firm earned $0.91 EPS. Analysts predict that TKO Group Holdings, Inc. will post 4.17 earnings per share for the current year.

Insider Activity at TKO Group

In other TKO Group 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 directly owns 220,018 shares in the company, valued at $23,218,499.54. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Mark S. Shapiro sold 31,026 shares of the company’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 completion of the sale, the insider now owns 42,156 shares in the company, valued at $4,837,822.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $2,394,792.29. Following the completion of the transaction, the director now owns 220,018 shares in the company, valued at $23,218,499.54. The disclosure for this sale can be found here. 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.