Integrated Wealth Concepts LLC Acquires 125 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Integrated Wealth Concepts LLC boosted its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 6.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,126 shares of the company’s stock after purchasing an additional 125 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in TKO Group were worth $263,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after buying an additional 89 shares in the last quarter. Quent Capital LLC boosted its position in shares of TKO Group by 17.4% during the third quarter. Quent Capital LLC now owns 680 shares of the company’s stock worth $84,000 after acquiring an additional 101 shares during the last quarter. Signaturefd LLC grew its stake in TKO Group by 39.4% during the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after acquiring an additional 109 shares in the last quarter. Moran Wealth Management LLC increased its holdings in TKO Group by 0.7% in the 3rd quarter. Moran Wealth Management LLC now owns 19,112 shares of the company’s stock valued at $2,364,000 after acquiring an additional 135 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in TKO Group by 3.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,971 shares of the company’s stock worth $491,000 after purchasing an additional 139 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Stock Performance

Shares of NYSE:TKO opened at $141.96 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $24.24 billion, a price-to-earnings ratio of -338.00 and a beta of 1.09. TKO Group Holdings, Inc. has a 12 month low of $74.25 and a 12 month high of $145.69. The firm’s 50-day moving average is $128.24 and its 200 day moving average is $118.28.

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

Wall Street Analyst Weigh In

TKO has been the topic of several research reports. Guggenheim lifted their target price on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Roth Mkm lifted their price objective on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Bank of America initiated coverage on TKO Group in a research report on Tuesday, August 20th. They set a “buy” rating and a $140.00 target price for the company. Benchmark cut shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group increased their price objective on shares of TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $133.93.

Insiders Place Their Bets

In related news, major shareholder Patrick Whitesell acquired 31,352 shares of the stock in a transaction on Wednesday, December 11th. The stock was bought at an average cost of $142.03 per share, with a total value of $4,452,924.56. Following the transaction, the insider now directly owns 1,674,322 shares in the company, valued at approximately $237,803,953.66. This represents a 1.91 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ariel Emanuel bought 60,208 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was bought at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the purchase, the chief executive officer now directly owns 1,734,530 shares in the company, valued at approximately $249,303,996.90. This represents a 3.60 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 337,447 shares of company stock worth $48,133,224 over the last quarter. Company insiders own 53.80% of the company’s stock.

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.