Virtu Financial LLC Purchases New Position in TKO Group Holdings, Inc. (NYSE:TKO)

Virtu Financial LLC bought a new stake in TKO Group Holdings, Inc. (NYSE:TKO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,786 shares of the company’s stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Blue Trust Inc. increased its holdings in TKO Group by 52.4% in the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after purchasing an additional 89 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in TKO Group by 491.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after acquiring an additional 231 shares during the last quarter. Signaturefd LLC increased its position in TKO Group by 39.4% in the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after acquiring an additional 109 shares during the period. Quarry LP bought a new position in shares of TKO Group during the second quarter valued at $51,000. Finally, International Assets Investment Management LLC lifted its holdings in shares of TKO Group by 12,275.0% during the third quarter. International Assets Investment Management LLC now owns 495 shares of the company’s stock worth $61,000 after purchasing an additional 491 shares during the period. Institutional investors own 89.79% of the company’s stock.

Insider Activity

In related news, CEO Ariel Emanuel purchased 60,208 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was acquired at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the purchase, the chief executive officer now owns 1,734,530 shares of the company’s stock, valued at approximately $249,303,996.90. This trade represents a 3.60 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Patrick Whitesell acquired 245,887 shares of the stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of $142.45 per share, with a total value of $35,026,603.15. Following the completion of the purchase, the insider now owns 1,825,030 shares of the company’s stock, valued at approximately $259,975,523.50. The trade was a 15.57 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 600,647 shares of company stock worth $86,815,728 over the last three months. 53.80% of the stock is currently owned by insiders.

TKO Group Stock Down 3.5 %

TKO stock opened at $142.14 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. TKO Group Holdings, Inc. has a fifty-two week low of $75.35 and a fifty-two week high of $149.40. The stock’s 50 day simple moving average is $129.36 and its 200 day simple moving average is $119.13. The company has a market cap of $24.27 billion, a P/E ratio of -338.43 and a beta of 1.09.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.28). The business had revenue of $681.20 million during the quarter, compared to analyst estimates of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The business’s revenue for the quarter was up 51.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 EPS. On average, research analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. TD Cowen raised their target price on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group lifted their price objective on TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Pivotal Research raised their price target on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Guggenheim upped their price objective on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, Roth Mkm lifted their target price on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $136.79.

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.