Wellington Management Group LLP Acquires 41,898 Shares of TKO Group Holdings, Inc. $TKO

Key Points

• Wellington Management Group LLP increased its stake in TKO Group Holdings, Inc. by 182.6%, acquiring an additional 41,898 shares during the first quarter, resulting in total holdings worth approximately $9.9 million.
• Despite reporting $1.17 EPS which missed analysts' expectations, TKO Group's revenue for the quarter grew by 53.7% year-over-year to $1.31 billion.
• The company's stock is currently seeing increased interest from institutional investors, with 89.79% of shares owned by such entities, and recent price target upgrades from analysts indicating a consensus rating of "Moderate Buy."

Wellington Management Group LLP increased its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 182.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 64,846 shares of the company's stock after purchasing an additional 41,898 shares during the period. Wellington Management Group LLP's holdings in TKO Group were worth $9,909,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TKO. Hemington Wealth Management grew its stake in shares of TKO Group by 425.0% in the first quarter. Hemington Wealth Management now owns 168 shares of the company's stock worth $25,000 after acquiring an additional 136 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in TKO Group in the 1st quarter worth $26,000. Sentry Investment Management LLC acquired a new stake in TKO Group in the 1st quarter worth $25,000. Bartlett & CO. Wealth Management LLC bought a new position in shares of TKO Group during the 1st quarter worth about $27,000. Finally, Farther Finance Advisors LLC raised 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 valued at $33,000 after buying an additional 122 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company's stock.

TKO Group Price Performance

Shares of NYSE:TKO traded down $0.60 during trading on Monday, reaching $189.54. The stock had a trading volume of 559,071 shares, compared to its average volume of 1,062,213. The stock has a market capitalization of $37.59 billion, a PE ratio of 78.32 and a beta of 0.78. TKO Group Holdings, Inc. has a 52 week low of $113.16 and a 52 week high of $194.76. The business's 50-day moving average price is $175.52 and its 200 day moving average price is $163.23. 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 (NYSE:TKO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.06). The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.23 billion. TKO Group had a net margin of 5.40% and a return on equity of 2.82%. The company's revenue for the quarter was up 53.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 EPS. As a group, equities analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Insider Buying and Selling at TKO Group

In related news, Director Nick Khan sold 9,519 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $167.36, for a total value of $1,593,099.84. Following the completion of the sale, the director owned 146,975 shares of the company's stock, valued at $24,597,736. This trade represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Peter C. B. Bynoe acquired 980 shares of TKO Group stock in a transaction on Thursday, June 5th. The shares were purchased at an average cost of $169.59 per share, for a total transaction of $166,198.20. Following the acquisition, the director owned 2,747 shares in the company, valued at approximately $465,863.73. This represents a 55.46% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 64,206 shares of company stock worth $10,993,180. 53.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on TKO shares. Bank of America boosted their price target on TKO Group from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday, August 12th. JPMorgan Chase & Co. upped their target price on TKO Group from $182.00 to $212.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. UBS Group lifted their price target on shares of TKO Group from $195.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Northcoast Research downgraded shares of TKO Group from a "buy" rating to a "neutral" rating in a report on Thursday, July 10th. Finally, The Goldman Sachs Group increased their price target on shares of TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $189.69.

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.