Swiss National Bank Has $10.56 Million Position in TKO Group Holdings, Inc. (NYSE:TKO)

Swiss National Bank grew its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 35.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 129,400 shares of the company's stock after acquiring an additional 34,000 shares during the quarter. Swiss National Bank owned approximately 0.07% of TKO Group worth $10,556,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in TKO. Commonwealth Equity Services LLC acquired a new stake in TKO Group during the third quarter worth about $619,000. Cambridge Investment Research Advisors Inc. acquired a new position in TKO Group during the 3rd quarter valued at approximately $263,000. Bank of New York Mellon Corp bought a new position in TKO Group during the 3rd quarter worth $44,709,000. New York State Teachers Retirement System bought a new position in TKO Group during the 3rd quarter worth $4,609,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in TKO Group in the third quarter worth $872,000. 89.79% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TKO Group

In related news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of TKO Group stock in a transaction dated 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 transaction, the insider now owns 9,875,129 shares of the company's stock, valued at approximately $878,985,232.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 53.80% of the company's stock.

TKO Group Price Performance

TKO Group stock traded down $0.61 during midday trading on Monday, hitting $99.39. The company's stock had a trading volume of 694,504 shares, compared to its average volume of 1,333,940. TKO Group Holdings, Inc. has a 12 month low of $72.33 and a 12 month high of $106.16. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.34. The stock's 50-day moving average price is $90.75 and its 200-day moving average price is $84.47. The company has a market capitalization of $17.09 billion, a PE ratio of -99.01 and a beta of 1.03.

TKO Group (NYSE:TKO - Get Free Report) last released its earnings results on Tuesday, February 27th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.50 by ($0.59). The business had revenue of $614.00 million for the quarter, compared to analyst estimates of $619.48 million. TKO Group had a negative net margin of 4.14% and a positive return on equity of 4.15%. Analysts anticipate that TKO Group Holdings, Inc. will post 3.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Moffett Nathanson began coverage on shares of TKO Group in a report on Monday, January 29th. They issued a "neutral" rating and a $95.00 price objective on the stock. Citigroup lifted their price target on TKO Group from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, March 19th. The Goldman Sachs Group began coverage on TKO Group in a report on Thursday, March 7th. They issued a "buy" rating and a $102.00 price objective for the company. Bank of America began coverage on TKO Group in a research note on Friday, March 15th. They set a "buy" rating and a $100.00 target price on the stock. Finally, Jefferies Financial Group boosted their price target on TKO Group from $120.00 to $131.00 and gave the stock a "buy" rating in a research report on Friday, April 12th. Three equities research 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 currently has an average rating of "Moderate Buy" and an average price target of $109.00.

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.