Annex Advisory Services LLC Increases Stock Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Annex Advisory Services LLC raised its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 20.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 282,394 shares of the company’s stock after purchasing an additional 47,996 shares during the quarter. TKO Group makes up about 1.2% of Annex Advisory Services LLC’s holdings, making the stock its 20th biggest holding. Annex Advisory Services LLC’s holdings in TKO Group were worth $40,131,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Federated Hermes Inc. lifted its stake in shares of TKO Group by 56.5% in the 2nd quarter. Federated Hermes Inc. now owns 7,525 shares of the company’s stock valued at $813,000 after purchasing an additional 2,718 shares during the period. Oppenheimer Asset Management Inc. lifted its position in TKO Group by 26.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 3,832 shares of the company’s stock valued at $414,000 after buying an additional 799 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of TKO Group by 13.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 113,869 shares of the company’s stock valued at $12,297,000 after buying an additional 13,486 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of TKO Group by 26.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 448,205 shares of the company’s stock worth $48,402,000 after buying an additional 94,944 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of TKO Group by 10.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,021 shares of the company’s stock worth $758,000 after acquiring an additional 689 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.

Insider Transactions at TKO Group

In other news, major shareholder Patrick Whitesell purchased 263,200 shares of the stock in a transaction on Monday, December 16th. The shares were acquired at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the acquisition, the insider now directly owns 418,587 shares of the company’s stock, valued at $61,519,731.39. This trade represents a 169.38 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ariel Emanuel acquired 60,208 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the transaction, the chief executive officer now directly owns 1,734,530 shares in the company, valued at approximately $249,303,996.90. This trade represents a 3.60 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders purchased 600,647 shares of company stock worth $86,815,728 and sold 65,624 shares worth $9,314,671. 53.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TKO shares. Pivotal Research boosted their price objective on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. TD Cowen raised their price objective on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Guggenheim boosted 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. Benchmark downgraded shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $139.29.

TKO Group Stock Up 0.2 %

NYSE TKO opened at $142.06 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group Holdings, Inc. has a 1-year low of $75.35 and a 1-year high of $149.40. The business’s fifty day moving average price is $138.47 and its 200-day moving average price is $124.70.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.28). TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The business had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. During the same quarter last year, the company earned $0.52 EPS. TKO Group’s revenue for the quarter was up 51.7% on a year-over-year basis. As a group, research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

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.