Shell Asset Management Co. bought a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,466 shares of the company’s stock, valued at approximately $123,000.
A number of other institutional investors have also made changes to their positions in the business. Ninety One UK Ltd bought a new position in TKO Group during the third quarter worth $320,964,000. Principal Financial Group Inc. acquired a new position in TKO Group in the 3rd quarter valued at about $89,333,000. Bank of New York Mellon Corp bought a new position in TKO Group in the 3rd quarter valued at about $44,709,000. Rice Hall James & Associates LLC acquired a new stake in TKO Group during the third quarter worth approximately $37,796,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of TKO Group during the third quarter worth approximately $33,506,000. 66.32% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
TKO has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on TKO Group from $100.00 to $103.00 and gave the stock an “overweight” rating in a report on Wednesday, November 8th. Northcoast Research started coverage on shares of TKO Group in a research report on Tuesday, February 6th. They issued a “buy” rating and a $105.00 target price for the company. Moffett Nathanson started coverage on shares of TKO Group in a research report on Monday, January 29th. They set a “neutral” rating and a $95.00 price target on the stock. Guggenheim cut their price objective on shares of TKO Group from $126.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. Finally, TD Cowen began coverage on shares of TKO Group in a report on Friday, January 12th. They set a “market perform” rating and a $92.00 target price on the stock. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $107.78.
TKO Group Stock Up 1.1 %
TKO stock opened at $87.04 on Tuesday. The firm has a 50-day moving average price of $80.24. TKO Group Holdings, Inc. has a 12 month low of $72.33 and a 12 month high of $106.16. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.33. The company has a market cap of $15.06 billion, a price-to-earnings ratio of 67.47 and a beta of 1.07.
TKO Group Company Profile
TKO Group Holdings, Inc operates as a sports and entertainment company. It operates through four segments: Media and Content, Live Events, Sponsorships, and Consumer Products Licensing. The company produces live events, television programs, and long-form and short-form video content across various platforms, including broadcast, pay television, and streaming, as well as digital and social media across approximately 170 countries.
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