Xponance Inc. Acquires 2,909 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Xponance Inc. increased its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 27.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,488 shares of the company’s stock after acquiring an additional 2,909 shares during the period. Xponance Inc.’s holdings in TKO Group were worth $1,100,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TKO. Lindsell Train Ltd bought a new position in shares of TKO Group in the third quarter valued at approximately $495,949,000. Vanguard Group Inc. purchased a new position in TKO Group in the third quarter valued at approximately $419,731,000. FMR LLC purchased a new position in TKO Group in the third quarter valued at approximately $136,131,000. Clearbridge Investments LLC purchased a new position in TKO Group in the third quarter valued at approximately $118,378,000. Finally, Principal Financial Group Inc. purchased a new position in TKO Group in the third quarter valued at approximately $89,333,000. 89.79% of the stock is owned by institutional investors.

Insider Buying and Selling at TKO Group

In other TKO Group news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $89.01, for a total transaction of $146,240,759.70. Following the sale, the insider now owns 9,875,129 shares in the company, valued at $878,985,232.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 38.90% of the company’s stock.

TKO Group Price Performance

NYSE:TKO opened at $95.88 on Thursday. The firm has a market capitalization of $16.49 billion, a price-to-earnings ratio of 141.00 and a beta of 1.06. TKO Group Holdings, Inc. has a 52-week low of $72.33 and a 52-week high of $106.16. The stock has a fifty day moving average of $87.82 and a 200 day moving average of $82.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.04.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.09) earnings per share (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 the consensus estimate of $619.48 million. TKO Group had a net margin of 3.02% and a return on equity of 3.11%. On average, research analysts expect that TKO Group Holdings, Inc. will post 2.39 EPS for the current fiscal year.

Analyst Ratings Changes

TKO has been the topic of several research analyst reports. Morgan Stanley initiated coverage on TKO Group in a research note on Wednesday, February 14th. They issued an “equal weight” rating and a $95.00 price objective on the stock. Jefferies Financial Group upped their price objective on TKO Group from $120.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Citigroup raised their price target on TKO Group from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. The Goldman Sachs Group assumed coverage on TKO Group in a report on Thursday, March 7th. They issued a “buy” rating and a $102.00 price target for the company. Finally, Bank of America assumed coverage on TKO Group in a report on Friday, March 15th. They issued a “buy” rating and a $100.00 price target for the company. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently 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.