PNC Financial Services Group Inc. Sells 530 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

PNC Financial Services Group Inc. trimmed its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKOFree Report) by 13.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,476 shares of the company’s stock after selling 530 shares during the quarter. PNC Financial Services Group Inc.’s holdings in TKO Group were worth $284,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TKO. Vanguard Group Inc. acquired a new stake in TKO Group in the third quarter valued at $419,731,000. TD Asset Management Inc increased its stake in shares of TKO Group by 215.3% in the fourth quarter. TD Asset Management Inc now owns 1,189,704 shares of the company’s stock valued at $97,056,000 after buying an additional 812,336 shares during the period. Ameriprise Financial Inc. acquired a new stake in shares of TKO Group in the third quarter valued at about $64,949,000. Northern Trust Corp acquired a new position in shares of TKO Group in the third quarter worth approximately $53,329,000. Finally, Norges Bank bought a new stake in TKO Group in the fourth quarter valued at approximately $42,998,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 53.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on TKO shares. JPMorgan Chase & Co. raised their price target on shares of TKO Group from $103.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, May 29th. Jefferies Financial Group lifted their target price on shares of TKO Group from $120.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Roth Mkm upped their price target on shares of TKO Group from $112.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. The Goldman Sachs Group began coverage on TKO Group in a research report on Thursday, March 7th. They issued a “buy” rating and a $102.00 price objective for the company. Finally, Citigroup upped their target price on TKO Group from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $113.46.

View Our Latest Report on TKO

TKO Group Trading Down 0.0 %

TKO opened at $107.99 on Monday. The firm has a market capitalization of $18.39 billion, a PE ratio of -106.92 and a beta of 1.02. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.99 and a quick ratio of 0.99. TKO Group Holdings, Inc. has a fifty-two week low of $72.33 and a fifty-two week high of $111.07. The company’s 50-day moving average is $103.72 and its 200 day moving average is $91.29.

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

TKO Group Company 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.

Further Reading

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

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