State of New Jersey Common Pension Fund D Has $3.22 Million Stock Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

State of New Jersey Common Pension Fund D lifted its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 52.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 39,451 shares of the company’s stock after buying an additional 13,500 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in TKO Group were worth $3,218,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Lindsell Train Ltd acquired a new stake in TKO Group in the 3rd quarter worth about $495,949,000. Vanguard Group Inc. acquired a new stake in TKO Group in the 3rd quarter worth about $419,731,000. FMR LLC acquired a new stake in TKO Group in the 3rd quarter worth about $136,131,000. Clearbridge Investments LLC acquired a new stake in TKO Group in the 3rd quarter worth about $118,378,000. Finally, Principal Financial Group Inc. acquired a new stake in TKO Group in the 3rd quarter worth about $89,333,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Price Performance

TKO stock opened at $96.76 on Friday. The company has a 50 day simple moving average of $88.23 and a 200 day simple moving average of $83.13. The stock has a market cap of $16.64 billion, a price-to-earnings ratio of 142.29 and a beta of 1.06. TKO Group Holdings, Inc. has a 1 year low of $72.33 and a 1 year high of $106.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.04 and a quick ratio of 1.04.

TKO Group (NYSE:TKO) last announced its quarterly earnings results 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). TKO Group had a net margin of 3.02% and a return on equity of 3.11%. The business had revenue of $614.00 million during the quarter, compared to analyst estimates of $619.48 million. Research analysts anticipate that TKO Group Holdings, Inc. will post 2.38 EPS for the current fiscal year.

Insider Buying and Selling at TKO Group

In other TKO Group news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $89.01, for a total value of $146,240,759.70. Following the completion of the transaction, the insider now directly owns 9,875,129 shares in the company, valued at approximately $878,985,232.29. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 38.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. TD Cowen assumed coverage on shares of TKO Group in a research note on Friday, January 12th. They issued a “market perform” rating and a $92.00 price objective for the company. Morgan Stanley assumed coverage on shares of TKO Group in a research note on Wednesday, February 14th. They issued an “equal weight” rating and a $95.00 price objective for the company. Roth Mkm restated a “buy” rating and issued a $112.00 target price on shares of TKO Group in a research report on Friday, April 12th. Citigroup boosted their target price on shares of TKO Group from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Finally, Bank of America assumed coverage on shares of TKO Group in a research report on Friday, March 15th. They issued a “buy” rating and a $100.00 target price for the company. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TKO Group currently has a consensus rating of “Moderate Buy” and an average price target of $108.31.

TKO Group Company 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.