Sax Wealth Advisors LLC Acquires New Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Sax Wealth Advisors LLC bought a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,115 shares of the company’s stock, valued at approximately $443,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TKO. Blue Trust Inc. boosted its holdings in shares of TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after buying an additional 89 shares during the period. First Horizon Advisors Inc. lifted its position in TKO Group by 491.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after acquiring an additional 231 shares during the last quarter. Signaturefd LLC lifted its position in TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after acquiring an additional 109 shares during the last quarter. Quarry LP bought a new stake in TKO Group during the second quarter valued at about $51,000. Finally, International Assets Investment Management LLC grew its position in shares of TKO Group by 12,275.0% in the third quarter. International Assets Investment Management LLC now owns 495 shares of the company’s stock valued at $61,000 after purchasing an additional 491 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Trading Up 0.2 %

TKO stock opened at $142.06 on Friday. TKO Group Holdings, Inc. has a 1-year low of $75.35 and a 1-year high of $149.40. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $138.47 and its 200-day moving average is $124.62. The firm has a market cap of $24.26 billion, a P/E ratio of -338.23 and a beta of 1.07.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). The company had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The business’s revenue was up 51.7% on a year-over-year basis. During the same quarter last year, the company earned $0.52 earnings per share. Equities analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TKO shares. JPMorgan Chase & Co. boosted their price objective on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Citigroup upped their target price on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. The Goldman Sachs Group raised their price target on shares of TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. UBS Group upped their price objective on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Finally, Guggenheim lifted their target price on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $139.29.

Insider Buying and Selling

In other news, major shareholder Patrick Whitesell acquired 31,352 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was bought at an average price of $142.03 per share, with a total value of $4,452,924.56. Following the completion of the acquisition, the insider now owns 1,674,322 shares in the company, valued at approximately $237,803,953.66. This represents a 1.91 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Shane Kapral sold 1,034 shares of TKO Group stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $146,765.96. Following the completion of the transaction, the chief accounting officer now owns 2,225 shares of the company’s stock, valued at $315,816.50. This trade represents a 31.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders bought 600,647 shares of company stock worth $86,815,728 and sold 65,624 shares worth $9,314,671. 53.80% of the stock is currently owned by corporate insiders.

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.