3,445 Shares in TKO Group Holdings, Inc. (NYSE:TKO) Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB bought a new stake in TKO Group Holdings, Inc. (NYSE:TKO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,445 shares of the company’s stock, valued at approximately $426,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. boosted its holdings in shares of TKO Group by 52.4% in the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after buying an additional 89 shares during the last quarter. Coldstream Capital Management Inc. raised its position in TKO Group by 3.3% in the third quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock worth $379,000 after acquiring an additional 97 shares during the period. Quent Capital LLC boosted its stake in shares of TKO Group by 17.4% during the 3rd quarter. Quent Capital LLC now owns 680 shares of the company’s stock worth $84,000 after acquiring an additional 101 shares during the last quarter. Signaturefd LLC grew its position in shares of TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after acquiring an additional 109 shares during the period. Finally, Integrated Wealth Concepts LLC increased its stake in shares of TKO Group by 6.2% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,126 shares of the company’s stock worth $263,000 after purchasing an additional 125 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Stock Up 3.6 %

Shares of NYSE:TKO opened at $147.05 on Tuesday. The company has a 50-day moving average price of $128.66 and a 200 day moving average price of $118.69. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 12 month low of $75.35 and a 12 month high of $149.40. The company has a market cap of $25.11 billion, a price-to-earnings ratio of -350.12 and a beta of 1.09.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.28). The company had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. TKO Group’s revenue for the quarter was up 51.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 earnings per share. As a group, equities research analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Insiders Place Their Bets

In other TKO Group news, CEO Ariel Emanuel purchased 60,208 shares of TKO Group stock in a transaction dated Thursday, December 12th. The shares were purchased at an average cost of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the acquisition, the chief executive officer now owns 1,734,530 shares in the company, valued at $249,303,996.90. This represents a 3.60 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Patrick Whitesell acquired 245,887 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average price of $142.45 per share, with a total value of $35,026,603.15. Following the acquisition, the insider now owns 1,825,030 shares in the company, valued at $259,975,523.50. This trade represents a 15.57 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 337,447 shares of company stock valued at $48,133,224 over the last three months. 53.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TKO. Roth Mkm lifted their target price on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. upped their price target on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Benchmark downgraded shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Guggenheim increased their price target on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, The Goldman Sachs Group raised their price target on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.93.

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.