State of New Jersey Common Pension Fund D Has $3.22 Million Stake in TKO Group Holdings, Inc. (NYSE:TKO)

State of New Jersey Common Pension Fund D raised its holdings in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 52.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,451 shares of the company's stock after purchasing an additional 13,500 shares during the period. State of New Jersey Common Pension Fund D's holdings in TKO Group were worth $3,218,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TKO. Strengthening Families & Communities LLC acquired a new position in TKO Group in the third quarter valued at approximately $26,000. Covestor Ltd bought a new stake in TKO Group during the 3rd quarter valued at $27,000. Fifth Third Bancorp acquired a new position in TKO Group during the 3rd quarter worth $27,000. International Assets Investment Management LLC bought a new position in shares of TKO Group in the fourth quarter worth $27,000. Finally, Baker Avenue Asset Management LP bought a new position in shares of TKO Group in the third quarter worth $36,000. 89.79% of the stock is currently owned by institutional investors.

TKO Group Trading Up 0.6 %

Shares of NYSE:TKO traded up $0.56 during mid-day trading on Friday, hitting $96.76. The stock had a trading volume of 423,293 shares, compared to its average volume of 1,160,051. TKO Group Holdings, Inc. has a 12-month low of $72.33 and a 12-month high of $106.16. 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 company has a market cap of $16.64 billion, a PE ratio of 142.29 and a beta of 1.06. The company's 50 day moving average is $88.23 and its 200-day moving average is $83.15.

TKO Group (NYSE:TKO - Get Free Report) last released 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 business had revenue of $614.00 million during the quarter, compared to analysts' expectations of $619.48 million. On average, sell-side analysts predict that TKO Group Holdings, Inc. will post 2.38 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the firm's stock in a transaction that occurred on 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 sale, the insider now directly owns 9,875,129 shares in the company, valued at $878,985,232.29. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 38.90% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TKO. Moffett Nathanson initiated coverage on shares of TKO Group in a report on Monday, January 29th. They issued a "neutral" rating and a $95.00 price objective for the company. Citigroup raised their price objective on shares of TKO Group from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, March 19th. The Goldman Sachs Group initiated coverage on TKO Group in a research report on Thursday, March 7th. They issued a "buy" rating and a $102.00 target price for the company. Bank of America began coverage on TKO Group in a research report on Friday, March 15th. They set a "buy" rating and a $100.00 price target on the stock. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $112.00 price objective on shares of TKO Group in a research note on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $108.31.

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.