American International Group Inc. Purchases 7,456 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

American International Group Inc. lifted its position in shares of TKO Group Holdings, Inc. (NYSE:TKOFree Report) by 10.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,579 shares of the company’s stock after acquiring an additional 7,456 shares during the period. American International Group Inc.’s holdings in TKO Group were worth $6,655,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Covestor Ltd bought a new stake in shares of TKO Group during the 3rd quarter worth approximately $27,000. International Assets Investment Management LLC bought a new stake in shares of TKO Group during the 4th quarter worth approximately $27,000. Baker Avenue Asset Management LP bought a new position in TKO Group in the 3rd quarter valued at approximately $36,000. Blue Trust Inc. bought a new position in TKO Group in the 4th quarter valued at approximately $37,000. Finally, Quent Capital LLC lifted its stake in TKO Group by 113.7% in the 4th quarter. Quent Capital LLC now owns 673 shares of the company’s stock valued at $55,000 after purchasing an additional 358 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

Analysts Set New Price Targets

TKO has been the subject of several research reports. Morgan Stanley initiated coverage on shares of TKO Group in a research note on Wednesday, February 14th. They issued an “equal weight” rating and a $95.00 price objective for the company. Roth Mkm increased their price objective on shares of TKO Group from $112.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Bank of America initiated coverage on shares of TKO Group in a research note on Friday, March 15th. They issued a “buy” rating and a $100.00 price objective for the company. The Goldman Sachs Group initiated coverage on shares of TKO Group in a research note on Thursday, March 7th. They issued a “buy” rating and a $102.00 price objective for the company. Finally, Jefferies Financial Group increased their price objective on shares of TKO Group from $120.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TKO Group has an average rating of “Moderate Buy” and a consensus target price of $113.46.

View Our Latest Analysis on TKO

Insider Buying and Selling

In related news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $89.01, for a total transaction of $146,240,759.70. Following the transaction, the insider now directly owns 9,875,129 shares of the company’s stock, valued at $878,985,232.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 53.80% of the stock is owned by insiders.

TKO Group Price Performance

TKO opened at $107.92 on Tuesday. TKO Group Holdings, Inc. has a twelve month low of $72.33 and a twelve month high of $111.07. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average of $100.64 and a 200-day moving average of $88.25.

TKO Group (NYSE:TKOGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $0.51 by $1.63. TKO Group had a negative net margin of 4.14% and a positive return on equity of 4.15%. The company had revenue of $629.70 million during the quarter, compared to analysts’ expectations of $609.28 million. Analysts predict that TKO Group Holdings, Inc. will post 4.19 earnings per share for the current fiscal year.

TKO Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TKO Group (NYSE:TKO)

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