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

Principal Financial Group Inc. increased its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 12.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,233,190 shares of the company’s stock after purchasing an additional 137,292 shares during the quarter. Principal Financial Group Inc. owned 0.72% of TKO Group worth $133,172,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TKO. Vanguard Group Inc. increased its stake in TKO Group by 20.1% during the 4th quarter. Vanguard Group Inc. now owns 5,995,356 shares of the company’s stock worth $489,101,000 after buying an additional 1,002,121 shares in the last quarter. XN LP raised its stake in TKO Group by 100.9% in the 1st quarter. XN LP now owns 1,983,346 shares of the company’s stock valued at $171,381,000 after purchasing an additional 996,161 shares during the last quarter. TD Asset Management Inc raised its stake in TKO Group by 215.3% in the 4th quarter. TD Asset Management Inc now owns 1,189,704 shares of the company’s stock valued at $97,056,000 after purchasing an additional 812,336 shares during the last quarter. Ninety One UK Ltd lifted its holdings in TKO Group by 15.9% in the 2nd quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock valued at $439,004,000 after purchasing an additional 557,444 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of TKO Group during the fourth quarter worth $42,998,000. 89.79% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TKO Group

In other news, Director Nick Khan sold 22,693 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $105.53, for a total transaction of $2,394,792.29. Following the completion of the sale, the director now owns 220,018 shares in the company, valued at $23,218,499.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 53.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on TKO shares. JPMorgan Chase & Co. upped their target price on TKO Group from $126.00 to $132.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Roth Mkm boosted their target price on shares of TKO Group from $121.00 to $130.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Redburn Atlantic assumed coverage on shares of TKO Group in a report on Thursday, July 18th. They set a “buy” rating and a $129.00 price target for the company. UBS Group lifted their price target on shares of TKO Group from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, Bank of America started coverage on TKO Group in a research report on Tuesday, August 20th. They issued a “buy” rating and a $140.00 price objective for the company. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $121.93.

TKO Group Price Performance

TKO stock opened at $118.24 on Friday. The business has a 50 day moving average price of $111.67 and a 200 day moving average price of $100.77. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.34. The stock has a market cap of $20.14 billion, a price-to-earnings ratio of -117.07 and a beta of 1.04. TKO Group Holdings, Inc. has a fifty-two week low of $72.33 and a fifty-two week high of $120.70.

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

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.