TKO Group Holdings, Inc. (NYSE:TKO) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 1.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,246,338 shares of the company’s stock after purchasing an additional 13,148 shares during the period. Principal Financial Group Inc.’s holdings in TKO Group were worth $154,185,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. grew its stake in TKO Group by 52.4% during the 3rd 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. boosted its holdings 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 in the last quarter. Quent Capital LLC grew its stake in shares of TKO Group by 17.4% during the third 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 increased its holdings in shares of TKO Group by 39.4% during the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after acquiring an additional 109 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its position 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 valued at $263,000 after purchasing an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Wall Street Analyst Weigh In

TKO has been the topic of several research analyst reports. The Goldman Sachs Group boosted their target price on shares of TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. upped their target price on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Guggenheim raised their target price on shares of TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Roth Mkm upped their target price on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Benchmark cut shares of TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, TKO Group presently has an average rating of “Moderate Buy” and a consensus target price of $136.79.

Insider Activity

In other news, major shareholder Patrick Whitesell acquired 245,887 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $142.45 per share, with a total value of $35,026,603.15. Following the completion of the purchase, the insider now owns 1,825,030 shares of the company’s stock, valued at $259,975,523.50. This represents a 15.57 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ariel Emanuel acquired 60,208 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the acquisition, the chief executive officer now directly owns 1,734,530 shares in the company, valued at approximately $249,303,996.90. This trade represents a 3.60 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 600,647 shares of company stock valued at $86,815,728. Company insiders own 53.80% of the company’s stock.

TKO Group Trading Up 1.2 %

Shares of TKO Group stock opened at $143.79 on Friday. TKO Group Holdings, Inc. has a fifty-two week low of $75.35 and a fifty-two week high of $149.40. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $24.55 billion, a price-to-earnings ratio of -342.36 and a beta of 1.09. The stock has a 50 day moving average of $129.70 and a 200 day moving average of $119.30.

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

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.