Sequoia Financial Advisors LLC Buys New Position in TKO Group Holdings, Inc. (NYSE:TKO)

Sequoia Financial Advisors LLC bought a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 469,879 shares of the company's stock, valued at approximately $38,333,000. Sequoia Financial Advisors LLC owned approximately 0.27% of TKO Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Strengthening Families & Communities LLC bought a new position in TKO Group during the 3rd quarter valued at about $26,000. Quent Capital LLC purchased a new stake in TKO Group during the third quarter worth $27,000. Covestor Ltd purchased a new stake in TKO Group during the third quarter worth $27,000. Fifth Third Bancorp purchased a new position in TKO Group during the third quarter valued at $27,000. Finally, International Assets Investment Management LLC purchased a new position in shares of TKO Group in the fourth quarter worth about $27,000. Institutional investors own 89.79% of the company's stock.

TKO Group Price Performance

TKO Group stock traded up $1.63 during midday trading on Tuesday, reaching $97.50. 1,559,077 shares of the stock were exchanged, compared to its average volume of 1,499,745. The company's fifty day moving average is $85.54 and its 200-day moving average is $81.87. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $16.76 billion, a PE ratio of 143.38 and a beta of 1.06. TKO Group Holdings, Inc. has a 52 week low of $72.33 and a 52 week high of $106.16.

TKO Group (NYSE:TKO - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.50 by ($0.59). The company had revenue of $614.00 million during the quarter, compared to the consensus estimate of $619.48 million. TKO Group had a return on equity of 3.11% and a net margin of 3.02%. On average, sell-side analysts forecast that TKO Group Holdings, Inc. will post 2.39 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on TKO. Citigroup boosted their price objective on shares of TKO Group from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, March 19th. The Goldman Sachs Group assumed coverage on shares of TKO Group in a report on Thursday, March 7th. They issued a "buy" rating and a $102.00 target price on the stock. Northcoast Research assumed coverage on shares of TKO Group in a research report on Tuesday, February 6th. They set a "buy" rating and a $105.00 target price for the company. Jefferies Financial Group assumed coverage on shares of TKO Group in a research report on Monday, February 12th. They set a "buy" rating and a $120.00 target price for the company. Finally, TD Cowen assumed coverage on shares of TKO Group in a research report on Friday, January 12th. They issued a "market perform" rating and a $92.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, TKO Group presently has a consensus rating of "Moderate Buy" and an average price target of $107.46.

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.