TKO Group Holdings, Inc. (NYSE:TKO) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 26.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,832 shares of the company’s stock after purchasing an additional 799 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in TKO Group were worth $414,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. MFA Wealth Advisors LLC acquired a new position in shares of TKO Group during the second quarter worth about $36,000. GAMMA Investing LLC boosted its holdings in TKO Group by 388.6% in the 2nd quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock worth $55,000 after acquiring an additional 408 shares during the period. Scarborough Advisors LLC purchased a new position in TKO Group in the 4th quarter worth approximately $79,000. Sunbelt Securities Inc. grew its position 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 acquiring an additional 1,066 shares in the last quarter. Finally, TFO Wealth Partners LLC purchased a new stake in shares of TKO Group during the fourth quarter valued at approximately $124,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Insiders Place Their Bets

In other news, Director Nick Khan sold 22,693 shares of the business’s stock in a transaction on 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 completion of the transaction, the director now owns 220,018 shares of the company’s stock, valued at $23,218,499.54. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Nick Khan sold 22,693 shares of TKO Group stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $105.53, for a total transaction of $2,394,792.29. Following the sale, the director now owns 220,018 shares of the company’s stock, valued at $23,218,499.54. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 value of $3,560,543.76. Following the transaction, the insider now owns 42,156 shares of the company’s stock, valued at $4,837,822.56. The disclosure for this sale can be found here. 53.80% of the stock is owned by corporate insiders.

TKO Group Trading Down 2.1 %

NYSE TKO opened at $121.94 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.99. TKO Group Holdings, Inc. has a one year low of $72.33 and a one year high of $125.49. The company has a 50-day simple moving average of $114.08 and a 200-day simple moving average of $104.16. The firm has a market capitalization of $20.77 billion, a PE ratio of -120.73 and a beta of 1.04.

TKO Group (NYSE:TKO) last issued its earnings results on Thursday, August 8th. The company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.10). The company had revenue of $851.20 million during the quarter, compared to analyst estimates of $771.54 million. TKO Group had a negative net margin of 3.14% and a positive return on equity of 3.10%. The business’s revenue was up 178.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 earnings per share. On average, equities analysts forecast that TKO Group Holdings, Inc. will post 4.17 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on TKO. 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 objective on the stock. UBS Group lifted their target price on TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Pivotal Research initiated coverage on TKO Group in a report on Friday, September 13th. They issued a “buy” rating and a $170.00 price target for the company. Bank of America began coverage on TKO Group in a report on Tuesday, August 20th. They set a “buy” rating and a $140.00 price objective on the stock. Finally, JPMorgan Chase & Co. increased their target price on TKO Group from $126.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $127.13.

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.