TKO Group Holdings, Inc. $TKO Shares Purchased by Kodai Capital Management LP

Key Points

• Kodai Capital Management LP increased its holdings in TKO Group Holdings, Inc. by 142% during the first quarter, now owning approximately 0.08% of the company valued at $20.1 million.
• Multiple institutional investors have boosted their stakes in TKO Group, with Vanguard Group Inc. increasing its position by 19.4%, now holding nearly $1.22 billion in shares.
• Analysts have shown positive sentiment towards TKO Group, with the average price target rising to $189.69 and many rates the stock as a "buy."

Kodai Capital Management LP grew its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 142.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 131,537 shares of the company's stock after buying an additional 77,182 shares during the quarter. Kodai Capital Management LP owned 0.08% of TKO Group worth $20,100,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TKO. Sentry Investment Management LLC acquired a new position in shares of TKO Group during the first quarter worth $25,000. Hemington Wealth Management lifted its position in shares of TKO Group by 425.0% during the first quarter. Hemington Wealth Management now owns 168 shares of the company's stock worth $25,000 after purchasing an additional 136 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of TKO Group during the first quarter worth $26,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of TKO Group during the first quarter worth $27,000. Finally, Farther Finance Advisors LLC lifted its position in shares of TKO Group by 129.8% during the first quarter. Farther Finance Advisors LLC now owns 216 shares of the company's stock worth $33,000 after purchasing an additional 122 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Roth Capital upped their price target on shares of TKO Group from $208.00 to $210.00 and gave the company a "buy" rating in a report on Tuesday, August 12th. Sanford C. Bernstein assumed coverage on shares of TKO Group in a report on Wednesday, June 4th. They issued an "outperform" rating and a $190.00 price target on the stock. The Goldman Sachs Group upped their price target on shares of TKO Group from $170.00 to $188.00 and gave the company a "buy" rating in a report on Monday, May 12th. JPMorgan Chase & Co. upped their price target on shares of TKO Group from $182.00 to $212.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Finally, Citigroup upped their price target on shares of TKO Group from $200.00 to $225.00 and gave the company a "buy" rating in a report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $189.69.

TKO Group Stock Performance

Shares of TKO stock traded up $0.69 during trading hours on Wednesday, reaching $186.04. The stock had a trading volume of 235,815 shares, compared to its average volume of 1,247,861. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.30 and a quick ratio of 1.30. TKO Group Holdings, Inc. has a twelve month low of $113.16 and a twelve month high of $194.76. The firm has a 50-day simple moving average of $175.98 and a 200-day simple moving average of $163.49. The firm has a market capitalization of $36.89 billion, a PE ratio of 76.87 and a beta of 0.79.

TKO Group (NYSE:TKO - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $1.17 earnings per share for the quarter, missing analysts' consensus estimates of $1.23 by ($0.06). TKO Group had a return on equity of 2.82% and a net margin of 5.40%.The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the business earned $0.72 EPS. The firm's revenue was up 53.7% on a year-over-year basis. As a group, equities analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Insider Activity

In other TKO Group news, Director Nick Khan sold 45,168 shares of the firm's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $170.82, for a total transaction of $7,715,597.76. Following the transaction, the director owned 156,494 shares of the company's stock, valued at approximately $26,732,305.08. This trade represents a 22.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter C. B. Bynoe bought 980 shares of the stock in a transaction on Thursday, June 5th. The shares were bought at an average cost of $169.59 per share, for a total transaction of $166,198.20. Following the purchase, the director owned 2,747 shares in the company, valued at $465,863.73. This trade represents a 55.46% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 64,206 shares of company stock worth $10,993,180. 53.80% of the stock is owned by corporate insiders.

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.