Allspring Global Investments Holdings LLC Grows Stock Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Allspring Global Investments Holdings LLC lifted its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 32.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 527,787 shares of the company's stock after buying an additional 129,196 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.31% of TKO Group worth $43,057,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TKO. Strengthening Families & Communities LLC acquired a new stake in TKO Group in the third quarter worth approximately $26,000. Quent Capital LLC acquired a new position in TKO Group during the third quarter worth about $27,000. Covestor Ltd bought a new stake in TKO Group in the third quarter worth about $27,000. Fifth Third Bancorp acquired a new stake in TKO Group in the 3rd quarter valued at about $27,000. Finally, International Assets Investment Management LLC acquired a new stake in TKO Group in the 4th quarter valued at about $27,000. Institutional investors own 89.79% of the company's stock.

TKO Group Stock Performance

NYSE:TKO traded up $0.38 during trading hours on Friday, hitting $98.04. 1,509,180 shares of the company traded hands, compared to its average volume of 1,477,678. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33. TKO Group Holdings, Inc. has a twelve month low of $72.33 and a twelve month high of $106.16. The firm has a 50-day moving average of $86.06 and a 200 day moving average of $82.08. The stock has a market capitalization of $16.86 billion, a price-to-earnings ratio of 142.91 and a beta of 1.06.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on TKO shares. Northcoast Research assumed coverage on TKO Group in a report on Tuesday, February 6th. They issued a "buy" rating and a $105.00 target price on the stock. Citigroup lifted their target price 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. Jefferies Financial Group upped their price target on shares of TKO Group from $120.00 to $131.00 and gave the company a "buy" rating in a research report on Friday. Moffett Nathanson started coverage on shares of TKO Group in a research report on Monday, January 29th. They set a "neutral" rating and a $95.00 price objective on the stock. Finally, Roth Mkm restated a "buy" rating and issued a $112.00 target price on shares of TKO Group in a report on Friday. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $108.31.

Insider Transactions at TKO Group

In related news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the firm's stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $89.01, for a total value of $146,240,759.70. Following the completion of the transaction, the insider now directly owns 9,875,129 shares of the company's stock, valued at $878,985,232.29. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 38.90% of the stock is owned by insiders.

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.