Sumitomo Mitsui DS Asset Management Company Ltd Sells 551 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Sumitomo Mitsui DS Asset Management Company Ltd decreased its position in TKO Group Holdings, Inc. (NYSE:TKO) by 4.9% during the fourth quarter, HoldingsChannel reports. The firm owned 10,670 shares of the company’s stock after selling 551 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in TKO Group were worth $870,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Strengthening Families & Communities LLC bought a new position in shares of TKO Group in the third quarter valued at approximately $26,000. Covestor Ltd bought a new position in shares of TKO Group in the third quarter valued at approximately $27,000. Fifth Third Bancorp bought a new position in shares of TKO Group in the third quarter valued at approximately $27,000. International Assets Investment Management LLC bought a new position in shares of TKO Group in the fourth quarter valued at approximately $27,000. Finally, Baker Avenue Asset Management LP bought a new position in shares of TKO Group in the third quarter valued at approximately $36,000. Institutional investors own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

TKO has been the topic of a number of research reports. Northcoast Research initiated coverage on shares of TKO Group in a research report on Tuesday, February 6th. They set a “buy” rating and a $105.00 target price on the stock. Roth Mkm reaffirmed a “buy” rating and set a $112.00 target price on shares of TKO Group in a research report on Friday, April 12th. The Goldman Sachs Group initiated coverage on shares of TKO Group in a research report on Thursday, March 7th. They set a “buy” rating and a $102.00 target price on the stock. TD Cowen initiated coverage on shares of TKO Group in a research report on Friday, January 12th. They set a “market perform” rating and a $92.00 target price on the stock. Finally, Morgan Stanley initiated coverage on shares of TKO Group in a research report on Wednesday, February 14th. They set an “equal weight” rating and a $95.00 target price on the stock. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, TKO Group has an average rating of “Moderate Buy” and an average price target of $108.31.

TKO Group Stock Up 0.3 %

TKO opened at $96.18 on Friday. TKO Group Holdings, Inc. has a fifty-two week low of $72.33 and a fifty-two week high of $106.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.04 and a quick ratio of 1.04. The firm’s fifty day moving average price is $88.01 and its two-hundred day moving average price is $83.03. The company has a market capitalization of $16.54 billion, a P/E ratio of 141.44 and a beta of 1.06.

TKO Group (NYSE:TKO) last issued its earnings results on Tuesday, February 27th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.50 by ($0.59). TKO Group had a net margin of 3.02% and a return on equity of 3.11%. The firm had revenue of $614.00 million during the quarter, compared to analyst estimates of $619.48 million. On average, analysts anticipate that TKO Group Holdings, Inc. will post 2.38 EPS for the current year.

Insider Activity

In other news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $89.01, for a total value of $146,240,759.70. Following the sale, the insider now owns 9,875,129 shares in the company, valued at approximately $878,985,232.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 38.90% of the stock is owned by corporate insiders.

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.