TKO Group Holdings, Inc. (NYSE:TKO) Stake Boosted by California Public Employees Retirement System

California Public Employees Retirement System lifted its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 66.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93,410 shares of the company's stock after purchasing an additional 37,175 shares during the quarter. California Public Employees Retirement System owned approximately 0.05% of TKO Group worth $7,620,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in TKO Group in the third quarter valued at $1,649,000. abrdn plc acquired a new position in TKO Group in the 3rd quarter valued at about $12,921,000. Victory Capital Management Inc. purchased a new stake in TKO Group during the 3rd quarter valued at approximately $10,602,000. Clearbridge Investments LLC acquired a new stake in TKO Group during the 3rd quarter worth approximately $118,378,000. Finally, Rhumbline Advisers purchased a new position in shares of TKO Group in the 3rd quarter valued at approximately $13,324,000. Hedge funds and other institutional investors own 89.79% of the company's stock.

TKO Group Price Performance

TKO traded up $2.99 during trading on Friday, reaching $98.32. 1,323,653 shares of the stock were exchanged, compared to its average volume of 852,350. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $16.91 billion, a price-to-earnings ratio of 144.54 and a beta of 1.03. TKO Group Holdings, Inc. has a 1 year low of $72.33 and a 1 year high of $106.16. The business's 50 day moving average price is $89.26 and its two-hundred day moving average price is $83.69.

TKO Group (NYSE:TKO - Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.59). The firm had revenue of $614.00 million for the quarter, compared to analyst estimates of $619.48 million. TKO Group had a return on equity of 3.11% and a net margin of 3.02%. As a group, equities research analysts anticipate that TKO Group Holdings, Inc. will post 2.38 earnings per share for the current year.

Insider Buying and Selling at TKO Group

In other 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 transaction, the insider now directly owns 9,875,129 shares of the company's stock, valued at approximately $878,985,232.29. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 38.90% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Bank of America assumed coverage on TKO Group in a research note on Friday, March 15th. They set a "buy" rating and a $100.00 price target for the company. TD Cowen assumed coverage on shares of TKO Group in a research note on Friday, January 12th. They issued a "market perform" rating and a $92.00 target price for the company. Citigroup boosted their price target on shares of TKO Group from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, March 19th. The Goldman Sachs Group started coverage on shares of TKO Group in a report on Thursday, March 7th. They set a "buy" rating and a $102.00 price target for the company. Finally, Jefferies Financial Group lifted their price objective on TKO Group from $120.00 to $131.00 and gave the company a "buy" rating in a report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $108.31.

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.