TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $89.01, for a total transaction of $146,240,759.70. Following the sale, the insider now owns 9,875,129 shares in the company, valued at approximately $878,985,232.29. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
TKO Group Trading Up 0.1 %
TKO opened at $97.69 on Friday. TKO Group Holdings, Inc. has a 1-year low of $72.33 and a 1-year high of $106.16. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33. The company has a market cap of $16.80 billion, a P/E ratio of 143.66 and a beta of 1.06. The company has a fifty day moving average price of $86.06 and a two-hundred day moving average price of $82.08.
TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.59). TKO Group had a net margin of 3.02% and a return on equity of 3.11%. The company had revenue of $614.00 million during the quarter, compared to the consensus estimate of $619.48 million. Analysts predict that TKO Group Holdings, Inc. will post 2.39 EPS for the current fiscal year.
Institutional Inflows and Outflows
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A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of TKO Group by 20.1% during the fourth quarter. Vanguard Group Inc. now owns 5,995,356 shares of the company's stock valued at $489,101,000 after buying an additional 1,002,121 shares during the last quarter. Lindsell Train Ltd acquired a new position in shares of TKO Group during the third quarter valued at about $495,949,000. Ninety One UK Ltd grew its holdings in shares of TKO Group by 12.7% during the fourth quarter. Ninety One UK Ltd now owns 4,303,375 shares of the company's stock valued at $351,069,000 after buying an additional 485,105 shares during the last quarter. Darlington Partners Capital Management LP grew its holdings in shares of TKO Group by 17.9% during the fourth quarter. Darlington Partners Capital Management LP now owns 2,120,406 shares of the company's stock valued at $172,983,000 after buying an additional 322,126 shares during the last quarter. Finally, FMR LLC purchased a new position in TKO Group during the third quarter worth about $136,131,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the stock. Bank of America began coverage on shares of TKO Group in a research report on Friday, March 15th. They set a "buy" rating and a $100.00 price target on the stock. Northcoast Research began coverage on shares of TKO Group in a research report on Tuesday, February 6th. They issued a "buy" rating and a $105.00 target price on the stock. Jefferies Financial Group began coverage on shares of TKO Group in a research report on Monday, February 12th. They issued a "buy" rating and a $120.00 target price on the stock. TD Cowen began coverage on shares of TKO Group in a research report on Friday, January 12th. They issued a "market perform" rating and a $92.00 target price on the stock. Finally, Morgan Stanley started coverage on shares of TKO Group in a research note on Wednesday, February 14th. They set an "equal weight" rating and a $95.00 price target for the company. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, TKO Group has an average rating of "Moderate Buy" and an average target price of $107.46.
View Our Latest Research Report on TKO Group
TKO Group Company Profile
(
Get 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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