TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its position in TKO Group Holdings, Inc. (NYSE:TKO) by 29.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,015 shares of the company’s stock after selling 11,436 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in TKO Group were worth $3,025,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Texas Permanent School Fund Corp boosted its stake in TKO Group by 9.2% during the 2nd quarter. Texas Permanent School Fund Corp now owns 57,243 shares of the company’s stock valued at $6,182,000 after acquiring an additional 4,813 shares during the last quarter. Choreo LLC bought a new position in shares of TKO Group during the second quarter worth about $554,000. Oak Thistle LLC acquired a new position in TKO Group in the second quarter worth about $256,000. Arizona State Retirement System increased its holdings in TKO Group by 15.0% in the second quarter. Arizona State Retirement System now owns 20,741 shares of the company’s stock valued at $2,240,000 after buying an additional 2,699 shares during the last quarter. Finally, Simon Quick Advisors LLC increased its holdings in TKO Group by 43.7% in the second quarter. Simon Quick Advisors LLC now owns 9,606 shares of the company’s stock valued at $1,037,000 after buying an additional 2,921 shares during the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TKO shares. Pivotal Research began coverage on TKO Group in a research report on Friday, September 13th. They issued a “buy” rating and a $170.00 target price for the company. TD Cowen boosted their target price on shares of TKO Group from $127.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Bank of America assumed coverage on shares of TKO Group in a research report on Tuesday, August 20th. They issued a “buy” rating and a $140.00 price target on the stock. Morgan Stanley boosted their price objective on shares of TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Finally, Redburn Atlantic assumed coverage on shares of TKO Group in a report on Thursday, July 18th. They issued a “buy” rating and a $129.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $127.13.

TKO Group Trading Up 1.2 %

Shares of TKO stock opened at $122.45 on Thursday. TKO Group Holdings, Inc. has a 1 year low of $72.33 and a 1 year high of $123.99. The firm has a market capitalization of $20.89 billion, a PE ratio of -121.24 and a beta of 1.04. The stock has a fifty day moving average of $113.32 and a two-hundred day moving average of $103.60. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.99.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.10). The company had revenue of $851.20 million during the quarter, compared to analyst estimates of $771.54 million. TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The business’s revenue for the quarter was up 178.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 EPS. As a group, research analysts expect that TKO Group Holdings, Inc. will post 4.17 EPS for the current year.

Insider Activity

In related news, insider Mark S. Shapiro sold 31,026 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the sale, the insider now owns 42,156 shares of the company’s stock, valued at $4,837,822.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Nick Khan sold 22,693 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $105.53, for a total value of $2,394,792.29. Following the sale, the director now directly owns 220,018 shares in the company, valued at approximately $23,218,499.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark S. Shapiro sold 31,026 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the sale, the insider now owns 42,156 shares of the company’s stock, valued at $4,837,822.56. The disclosure for this sale can be found here. Insiders own 53.80% of the company’s stock.

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.