6,114 Shares in TKO Group Holdings, Inc. $TKO Purchased by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. acquired a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 6,114 shares of the company’s stock, valued at approximately $1,282,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its position in shares of TKO Group by 29.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 249 shares of the company’s stock worth $52,000 after purchasing an additional 57 shares during the last quarter. Huntington National Bank increased its position in shares of TKO Group by 1.8% during the 4th quarter. Huntington National Bank now owns 4,199 shares of the company’s stock worth $878,000 after purchasing an additional 76 shares during the last quarter. Severin Investments LLC acquired a new stake in shares of TKO Group during the 4th quarter worth about $604,000. Geode Capital Management LLC increased its position in shares of TKO Group by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 1,855,077 shares of the company’s stock worth $387,072,000 after purchasing an additional 49,486 shares during the last quarter. Finally, Bellwether Advisors LLC acquired a new stake in shares of TKO Group during the 4th quarter worth about $2,766,000. 89.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TKO Group

In other news, CFO Shane Kapral sold 254 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $199.15, for a total transaction of $50,584.10. Following the completion of the transaction, the chief financial officer directly owned 99 shares of the company’s stock, valued at approximately $19,715.85. The trade was a 71.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mark S. Shapiro acquired 10,807 shares of the stock in a transaction dated Wednesday, May 13th. The shares were bought at an average cost of $185.05 per share, with a total value of $1,999,835.35. Following the completion of the transaction, the insider owned 129,207 shares of the company’s stock, valued at approximately $23,909,755.35. This represents a 9.13% increase in their position. The SEC filing for this purchase provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders acquired 24,308 shares of company stock valued at $4,499,679 and sold 19,290 shares valued at $3,711,017. Corporate insiders own 64.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. TD Cowen lifted their target price on TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, March 11th. UBS Group lifted their target price on TKO Group from $235.00 to $238.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Roth Mkm set a $228.00 target price on TKO Group in a research report on Monday, May 4th. Sanford C. Bernstein dropped their target price on TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 27th. Finally, Pivotal Research lifted their target price on TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, TKO Group presently has an average rating of “Moderate Buy” and a consensus target price of $233.73.

TKO Group Stock Performance

Shares of TKO Group stock opened at $204.34 on Wednesday. TKO Group Holdings, Inc. has a one year low of $152.29 and a one year high of $226.94. The company has a market cap of $39.67 billion, a PE ratio of 76.25 and a beta of 0.59. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34. The business has a 50-day simple moving average of $191.91 and a 200-day simple moving average of $199.48.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the previous year, the company posted $0.69 earnings per share. The business’s revenue for the quarter was up 25.9% on a year-over-year basis. On average, equities research analysts forecast that TKO Group Holdings, Inc. will post 5 EPS for the current fiscal year.

About TKO Group

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.