TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by abrdn plc

abrdn plc decreased its position in TKO Group Holdings, Inc. (NYSE:TKO) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,137 shares of the company’s stock after selling 8,575 shares during the quarter. abrdn plc’s holdings in TKO Group were worth $11,840,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TKO. Strengthening Families & Communities LLC acquired a new stake in shares of TKO Group during the third quarter worth approximately $26,000. Covestor Ltd acquired a new stake in shares of TKO Group during the third quarter worth approximately $27,000. Fifth Third Bancorp acquired a new stake in shares of TKO Group during the third quarter worth approximately $27,000. International Assets Investment Management LLC acquired a new stake in shares of TKO Group during the fourth quarter worth approximately $27,000. Finally, Baker Avenue Asset Management LP acquired a new stake in shares of TKO Group during the third quarter worth approximately $36,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

Insider Activity 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 shares were sold at an average price of $89.01, for a total transaction of $146,240,759.70. Following the sale, the insider now directly owns 9,875,129 shares in the company, valued at $878,985,232.29. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 38.90% of the company’s stock.

TKO Group Stock Performance

TKO stock opened at $96.18 on Friday. TKO Group Holdings, Inc. has a 1 year low of $72.33 and a 1 year high of $106.16. The stock’s fifty day moving average is $88.01 and its two-hundred day moving average is $83.03. 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 stock has a market capitalization of $16.54 billion, a price-to-earnings ratio of 141.44 and a beta of 1.06.

TKO Group (NYSE:TKO) 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). TKO Group had a net margin of 3.02% and a return on equity of 3.11%. The company had revenue of $614.00 million for the quarter, compared to the consensus estimate of $619.48 million. On average, research analysts predict that TKO Group Holdings, Inc. will post 2.38 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TKO. Morgan Stanley began coverage on shares of TKO Group in a research report on Wednesday, February 14th. They set an “equal weight” rating and a $95.00 price target for the company. Moffett Nathanson began coverage on TKO Group in a research note on Monday, January 29th. They set a “neutral” rating and a $95.00 price objective on the stock. 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 price objective on the stock. Northcoast Research began coverage on TKO Group in a research note on Tuesday, February 6th. They set a “buy” rating and a $105.00 price objective on the stock. Finally, Citigroup raised their price objective on TKO Group from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and an average price target of $108.31.

About TKO Group

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.