TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Ninety One SA PTY Ltd

Ninety One SA PTY Ltd cut its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 57.5% during the 4th quarter, HoldingsChannel reports. The fund owned 108,603 shares of the company’s stock after selling 147,118 shares during the period. TKO Group comprises 1.3% of Ninety One SA PTY Ltd’s portfolio, making the stock its 29th largest position. Ninety One SA PTY Ltd’s holdings in TKO Group were worth $8,860,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Lindsell Train Ltd acquired a new stake in TKO Group in the third quarter valued at $495,949,000. Vanguard Group Inc. acquired a new stake in shares of TKO Group during the third quarter worth $419,731,000. Ninety One UK Ltd raised its holdings in shares of TKO Group by 12.7% during the fourth quarter. Ninety One UK Ltd now owns 4,303,375 shares of the company’s stock worth $351,069,000 after purchasing an additional 485,105 shares during the period. FMR LLC acquired a new stake in shares of TKO Group during the third quarter worth $136,131,000. Finally, Clearbridge Investments LLC acquired a new stake in shares of TKO Group during the third quarter worth $118,378,000. 89.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TKO Group

In related news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the firm’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 transaction of $146,240,759.70. Following the transaction, 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 through this hyperlink. Company insiders own 38.90% of the company’s stock.

TKO Group Price Performance

Shares of NYSE:TKO traded down $0.82 during trading on Thursday, reaching $95.50. The company had a trading volume of 354,817 shares, compared to its average volume of 1,437,485. The firm’s fifty day moving average is $86.94 and its 200 day moving average is $82.51. 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 firm has a market capitalization of $16.42 billion, a PE ratio of 140.88 and a beta of 1.06. TKO Group Holdings, Inc. has a twelve month low of $72.33 and a twelve month high of $106.16.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.09) EPS 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 analyst estimates of $619.48 million. On average, equities analysts forecast that TKO Group Holdings, Inc. will post 2.39 EPS for the current year.

Wall Street Analyst Weigh In

TKO has been the topic of a number of research reports. Jefferies Financial Group increased their target price on shares of TKO Group from $120.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, April 12th. TD Cowen initiated 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. Morgan Stanley initiated coverage on shares of TKO Group in a report on Wednesday, February 14th. They set an “equal weight” rating and a $95.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of TKO Group in a research report on Thursday, March 7th. They set a “buy” rating and a $102.00 price target for the company. Finally, Northcoast Research initiated coverage on shares of TKO Group in a research report on Tuesday, February 6th. They set a “buy” rating and a $105.00 price target 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, TKO Group currently has an average rating of “Moderate Buy” and an average target price of $108.31.

TKO Group 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.