Truist Financial Corp Grows Stock Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Truist Financial Corp increased its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 4.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,278 shares of the company’s stock after purchasing an additional 248 shares during the period. Truist Financial Corp’s holdings in TKO Group were worth $570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC purchased a new stake in TKO Group in the 2nd quarter worth approximately $36,000. Quarry LP acquired a new stake in TKO Group during the second quarter valued at $51,000. GAMMA Investing LLC increased its holdings in TKO Group by 388.6% in the second quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock valued at $55,000 after buying an additional 408 shares in the last quarter. Sunbelt Securities Inc. raised its position in shares of TKO Group by 1,384.4% in the first quarter. Sunbelt Securities Inc. now owns 1,143 shares of the company’s stock worth $99,000 after acquiring an additional 1,066 shares during the period. Finally, Checchi Capital Advisers LLC purchased a new stake in shares of TKO Group during the 2nd quarter worth about $212,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TKO has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of TKO Group from $126.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. TD Cowen upped their price target on shares of TKO Group from $127.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Redburn Atlantic initiated coverage on TKO Group in a report on Thursday, July 18th. They issued a “buy” rating and a $129.00 price objective on the stock. Guggenheim increased their target price on TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, Roth Mkm lifted their price target on TKO Group from $121.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $130.93.

TKO Group Trading Down 0.8 %

TKO opened at $125.36 on Wednesday. The business’s 50 day moving average price is $120.10 and its 200 day moving average price is $109.47. TKO Group Holdings, Inc. has a one year low of $72.33 and a one year high of $128.31. 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 stock has a market capitalization of $21.39 billion, a PE ratio of -130.58 and a beta of 1.04.

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

Insiders Place Their Bets

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of TKO Group 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 transaction, the insider now owns 42,156 shares of the company’s stock, valued at $4,837,822.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Nick Khan sold 22,693 shares of the stock in a transaction dated 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 transaction, the director now directly owns 220,018 shares of the company’s stock, valued at $23,218,499.54. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 53.80% of the stock is owned by company insiders.

TKO Group Company 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.