KBC Group NV Increases Stock Position in TKO Group Holdings, Inc. (NYSE:TKO)

KBC Group NV grew its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 12.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,858 shares of the company’s stock after acquiring an additional 202 shares during the period. KBC Group NV’s holdings in TKO Group were worth $230,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. XN LP raised its position in TKO Group by 100.9% in the first quarter. XN LP now owns 1,983,346 shares of the company’s stock valued at $171,381,000 after purchasing an additional 996,161 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of TKO Group by 267.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,320,859 shares of the company’s stock valued at $142,640,000 after buying an additional 961,880 shares during the period. Ninety One UK Ltd raised its holdings in shares of TKO Group by 15.9% in the 2nd quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock valued at $439,004,000 after buying an additional 557,444 shares during the period. Fairview Capital Investment Management LLC acquired a new position in TKO Group during the 1st quarter worth about $43,999,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in TKO Group by 59.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock valued at $119,940,000 after acquiring an additional 362,460 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TKO. JPMorgan Chase & Co. boosted their price target on shares of TKO Group from $132.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. UBS Group increased their target price on shares of TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Benchmark downgraded shares of TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. The Goldman Sachs Group increased their price objective on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Finally, Guggenheim boosted their target price on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.00.

Insiders Place Their Bets

In related news, insider Mark S. Shapiro sold 31,026 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $114.76, for a total value of $3,560,543.76. Following the completion of the sale, the insider now directly owns 42,156 shares of the company’s stock, valued at $4,837,822.56. This represents a 42.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 53.80% of the company’s stock.

TKO Group Stock Performance

Shares of TKO Group stock opened at $130.91 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 52 week low of $72.33 and a 52 week high of $130.96. The firm’s 50 day moving average is $122.01 and its two-hundred day moving average is $113.99. The firm has a market capitalization of $22.36 billion, a P/E ratio of -311.69 and a beta of 1.06.

TKO Group (NYSE:TKO) last posted 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 company had revenue of $681.20 million during the quarter, compared to analysts’ expectations of $665.12 million. During the same period last year, the business earned $0.52 earnings per share. The company’s quarterly revenue was up 51.7% on a year-over-year basis. Research analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal 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.