Oppenheimer Asset Management Inc. Has $491,000 Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Oppenheimer Asset Management Inc. raised its position in TKO Group Holdings, Inc. (NYSE:TKO) by 3.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,971 shares of the company’s stock after purchasing an additional 139 shares during the period. Oppenheimer Asset Management Inc.’s holdings in TKO Group were worth $491,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Blue Trust Inc. raised its position in TKO Group by 52.4% in 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 during the last quarter. MFA Wealth Advisors LLC bought a new position in shares of TKO Group during the 2nd quarter worth approximately $36,000. Signaturefd LLC raised its holdings in shares of TKO Group by 39.4% in the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after purchasing an additional 109 shares during the last quarter. Quarry LP acquired a new stake in shares of TKO Group in the second quarter valued at approximately $51,000. Finally, GAMMA Investing LLC lifted its position in shares of TKO Group by 388.6% in the second quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock worth $55,000 after purchasing an additional 408 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.

TKO Group Stock Performance

Shares of NYSE TKO opened at $130.91 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $22.36 billion, a price-to-earnings ratio of -311.69 and a beta of 1.06. The stock’s fifty day moving average price is $122.01 and its two-hundred day moving average price is $113.99. TKO Group Holdings, Inc. has a one year low of $72.33 and a one year high of $130.96.

TKO Group (NYSE:TKO) last released its quarterly 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). The business had revenue of $681.20 million for the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. TKO Group’s revenue was up 51.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 earnings per share. On average, equities analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

Insider Activity

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 42,156 shares in the company, valued at $4,837,822.56. This trade represents a 42.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 53.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TKO has been the subject of a number of analyst reports. UBS Group raised their target price on shares of TKO Group from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, August 9th. The Goldman Sachs Group raised their price objective on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Morgan Stanley raised their price target on TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. upped their price objective on TKO Group from $132.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Three 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, TKO Group has a consensus rating of “Moderate Buy” and a consensus price target of $131.00.

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.