TKO Group Holdings, Inc. $TKO Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC grew its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 35.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,175 shares of the company’s stock after purchasing an additional 23,088 shares during the quarter. Hsbc Holdings PLC’s holdings in TKO Group were worth $16,016,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of TKO Group by 19.4% during the first quarter. Vanguard Group Inc. now owns 7,976,904 shares of the company’s stock valued at $1,218,951,000 after acquiring an additional 1,295,817 shares during the last quarter. Ninety One UK Ltd increased its position in shares of TKO Group by 14.4% during the second quarter. Ninety One UK Ltd now owns 4,850,006 shares of the company’s stock worth $882,459,000 after purchasing an additional 611,233 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in TKO Group by 2.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,003,202 shares of the company’s stock valued at $364,483,000 after purchasing an additional 40,237 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in TKO Group by 242.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,496,462 shares of the company’s stock valued at $228,675,000 after purchasing an additional 1,059,636 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in TKO Group by 569.7% during the 1st quarter. Invesco Ltd. now owns 1,423,052 shares of the company’s stock worth $217,457,000 after purchasing an additional 1,210,563 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TKO shares. Zacks Research cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Citigroup raised their price objective on TKO Group from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Guggenheim upped their target price on shares of TKO Group from $205.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Arete Research upgraded shares of TKO Group to a “hold” rating in a research report on Wednesday, October 15th. Finally, Robert W. Baird boosted their price target on shares of TKO Group from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $222.85.

TKO Group Price Performance

TKO stock opened at $194.62 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $37.97 billion, a P/E ratio of 80.42 and a beta of 0.65. The business has a 50 day simple moving average of $189.21 and a 200-day simple moving average of $180.90. TKO Group Holdings, Inc. has a twelve month low of $133.07 and a twelve month high of $212.49.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.11). TKO Group had a net margin of 5.40% and a return on equity of 2.82%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the company earned $0.28 EPS. The firm’s revenue for the quarter was down 27.3% compared to the same quarter last year. As a group, equities analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group declared that its Board of Directors has initiated a stock repurchase plan on Monday, September 15th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other TKO Group news, Director Nick Khan sold 9,519 shares of TKO Group stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $188.26, for a total value of $1,792,046.94. Following the transaction, the director directly owned 118,504 shares in the company, valued at approximately $22,309,563.04. This trade represents a 7.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Peter C. B. Bynoe purchased 740 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were bought at an average price of $203.00 per share, with a total value of $150,220.00. Following the purchase, the director directly owned 5,187 shares of the company’s stock, valued at approximately $1,052,961. The trade was a 16.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 19,546 shares of company stock valued at $3,767,013 over the last quarter. 53.80% of the stock is currently 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.