abrdn plc reduced its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 145,137 shares of the company's stock after selling 8,575 shares during the quarter. abrdn plc owned 0.08% of TKO Group worth $11,840,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Lindsell Train Ltd purchased a new position in shares of TKO Group in the third quarter valued at $495,949,000. Vanguard Group Inc. acquired a new stake in TKO Group in the third quarter valued at $419,731,000. FMR LLC acquired a new stake in TKO Group in the third quarter valued at $136,131,000. Clearbridge Investments LLC acquired a new stake in TKO Group in the third quarter valued at $118,378,000. Finally, Principal Financial Group Inc. acquired a new stake in TKO Group in the third quarter valued at $89,333,000. 89.79% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the firm's stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $89.01, for a total transaction of $146,240,759.70. Following the completion of the transaction, the insider now owns 9,875,129 shares in the company, valued at approximately $878,985,232.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 38.90% of the company's stock.
TKO Group Price Performance
TKO traded up $0.57 on Friday, reaching $96.77. The company had a trading volume of 423,109 shares, compared to its average volume of 1,385,518. The company has a fifty day moving average of $88.23 and a 200-day moving average of $83.13. The company has a market capitalization of $16.64 billion, a P/E ratio of 142.31 and a beta of 1.06. 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 one year low of $72.33 and a one year high of $106.16.
TKO Group (NYSE:TKO - Get Free Report) last announced its earnings results on Tuesday, February 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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. As a group, equities research analysts anticipate that TKO Group Holdings, Inc. will post 2.38 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the stock. Bank of America initiated coverage on shares of TKO Group in a report on Friday, March 15th. They issued a "buy" rating and a $100.00 price target on the stock. Northcoast Research initiated coverage on shares of TKO Group in a report on Tuesday, February 6th. They set a "buy" rating and a $105.00 target price on the stock. TD Cowen initiated coverage on shares of TKO Group in a report on Friday, January 12th. They set a "market perform" rating and a $92.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of TKO Group in a report on Thursday, March 7th. They set a "buy" rating and a $102.00 target price on the stock. Finally, Roth Mkm reissued a "buy" rating and set a $112.00 target price on shares of TKO Group in a report on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $108.31.
Check Out Our Latest Report on TKO Group
About TKO Group
(
Free Report)
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.
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