TKO Group Holdings, Inc. (NYSE:TKO) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 17.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 366,442 shares of the company's stock after purchasing an additional 55,662 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.21% of TKO Group worth $29,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Lindsell Train Ltd bought a new stake in shares of TKO Group during the third quarter valued at approximately $495,949,000. Vanguard Group Inc. bought a new stake in shares of TKO Group during the third quarter valued at approximately $419,731,000. FMR LLC purchased a new position in TKO Group during the third quarter valued at approximately $136,131,000. Clearbridge Investments LLC purchased a new position in TKO Group during the third quarter valued at approximately $118,378,000. Finally, Invesco Ltd. purchased a new position in TKO Group during the third quarter valued at approximately $80,249,000. Institutional investors own 89.79% of the company's stock.

Insiders Place Their Bets

In related news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the company'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 can be accessed through the SEC website. Insiders own 53.80% of the company's stock.

TKO Group Price Performance

Shares of TKO Group stock traded down $1.23 during trading hours on Thursday, reaching $105.74. The stock had a trading volume of 537,633 shares, compared to its average volume of 1,294,118. The stock's 50 day moving average is $95.10 and its 200 day moving average is $85.84. The firm has a market capitalization of $18.01 billion, a PE ratio of -104.69 and a beta of 1.03. TKO Group Holdings, Inc. has a twelve month low of $72.33 and a twelve month high of $108.72. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.59). The firm had revenue of $614.00 million during the quarter, compared to analyst estimates of $619.48 million. TKO Group had a positive return on equity of 4.15% and a negative net margin of 4.14%. Equities analysts expect that TKO Group Holdings, Inc. will post 4.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TKO has been the topic of several research reports. TD Cowen raised shares of TKO Group from a "hold" rating to a "buy" rating and lifted their price objective for the company from $92.00 to $127.00 in a report on Wednesday, May 15th. 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 objective on the stock. Citigroup lifted their price target on shares of TKO Group from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, March 19th. Bank of America started 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. Finally, Jefferies Financial Group lifted their price target on shares of TKO Group from $120.00 to $131.00 and gave the stock a "buy" rating in a report on Friday, April 12th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, TKO Group presently has an average rating of "Moderate Buy" and an average target price of $111.69.

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.