Massachusetts Financial Services Co. MA Grows Position in TKO Group Holdings, Inc. (NYSE:TKO)

Massachusetts Financial Services Co. MA raised its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 267.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,320,859 shares of the company’s stock after buying an additional 961,880 shares during the period. Massachusetts Financial Services Co. MA owned about 0.78% of TKO Group worth $142,640,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TKO. MFA Wealth Advisors LLC purchased a new stake in shares of TKO Group during the second quarter valued at approximately $36,000. GAMMA Investing LLC increased its stake in TKO Group by 388.6% during the 2nd quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock worth $55,000 after buying an additional 408 shares during the period. Scarborough Advisors LLC acquired a new position in TKO Group in the 4th quarter worth $79,000. Sunbelt Securities Inc. boosted its holdings in TKO Group by 1,384.4% in 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 during the last quarter. Finally, TFO Wealth Partners LLC purchased a new stake in TKO Group during the 4th quarter worth approximately $124,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TKO Group

In other news, insider Mark S. Shapiro sold 31,026 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $114.76, for a total value 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 approximately $4,837,822.56. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Mark S. Shapiro sold 31,026 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the sale, the insider now owns 42,156 shares of the company’s stock, valued at $4,837,822.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Nick Khan sold 22,693 shares of the stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $105.53, for a total value of $2,394,792.29. Following the transaction, 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 corporate insiders.

TKO Group Stock Up 1.2 %

TKO Group stock opened at $122.45 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.99. The company has a 50-day simple moving average of $113.32 and a 200-day simple moving average of $103.60. The firm has a market capitalization of $20.89 billion, a P/E ratio of -121.24 and a beta of 1.04. TKO Group Holdings, Inc. has a one year low of $72.33 and a one year high of $123.99.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $771.54 million. During the same period last year, the company earned $0.91 earnings per share. The business’s quarterly revenue was up 178.9% compared to the same quarter last year. As a group, equities analysts expect that TKO Group Holdings, Inc. will post 4.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TKO shares. Redburn Atlantic assumed coverage on shares of TKO Group in a report on Thursday, July 18th. They issued a “buy” rating and a $129.00 price target on the stock. The Goldman Sachs Group reissued a “buy” rating and issued a $132.00 price objective on shares of TKO Group in a report on Thursday, September 12th. Bank of America began coverage on TKO Group in a report on Tuesday, August 20th. They set a “buy” rating and a $140.00 target price on the stock. Roth Mkm boosted their price target on TKO Group from $121.00 to $130.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Finally, TD Cowen raised their price objective on TKO Group from $127.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and an average target price of $127.13.

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.