Ensign Peak Advisors Inc Decreases Stock Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Ensign Peak Advisors Inc decreased its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 7.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,600 shares of the company’s stock after selling 1,800 shares during the quarter. Ensign Peak Advisors Inc’s holdings in TKO Group were worth $2,549,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. MFA Wealth Advisors LLC purchased a new stake in TKO Group during the second quarter valued at $36,000. GAMMA Investing LLC raised its stake in TKO Group by 388.6% during the second quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock valued at $55,000 after purchasing an additional 408 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in TKO Group during the fourth quarter valued at $79,000. Sunbelt Securities Inc. raised 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 valued at $99,000 after purchasing an additional 1,066 shares in the last quarter. Finally, TFO Wealth Partners LLC purchased a new stake in TKO Group during the fourth quarter valued at $124,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TKO. Roth Mkm boosted their price objective on shares of TKO Group from $121.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Morgan Stanley boosted their price objective on shares of TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. boosted their price objective on shares of TKO Group from $126.00 to $132.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. The Goldman Sachs Group reiterated a “buy” rating and set a $132.00 price objective on shares of TKO Group in a research report on Thursday, September 12th. Finally, Bank of America began coverage on shares of TKO Group in a research report on Tuesday, August 20th. They set a “buy” rating and a $140.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.13.

Insiders Place Their Bets

In other TKO Group news, Director Nick Khan sold 22,693 shares of the stock in a transaction dated 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 transaction, the director now directly owns 220,018 shares in the company, valued at approximately $23,218,499.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction dated Monday, September 16th. The shares were 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 directly owns 42,156 shares of the company’s stock, valued at $4,837,822.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Nick Khan sold 22,693 shares of the stock in a transaction dated 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 sale, the director now directly owns 220,018 shares of the company’s stock, valued at $23,218,499.54. The disclosure for this sale can be found here. 53.80% of the stock is owned by company insiders.

TKO Group Stock Up 1.1 %

Shares of TKO Group stock opened at $125.00 on Friday. 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 1 year low of $72.33 and a 1 year high of $125.49. The firm’s 50-day moving average is $115.80 and its two-hundred day moving average is $105.62. The stock has a market cap of $21.33 billion, a price-to-earnings ratio of -123.76 and a beta of 1.04.

TKO Group (NYSE:TKO) last issued its earnings results on Thursday, August 8th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $771.54 million. During the same quarter in the previous year, the company earned $0.91 earnings per share. The firm’s revenue was up 178.9% on a year-over-year basis. As a group, research analysts expect that TKO Group Holdings, Inc. will post 4.17 earnings per share for the current fiscal year.

TKO Group Company 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.