Envestnet Portfolio Solutions Inc. Takes Position in TKO Group Holdings, Inc. (NYSE:TKO)

Envestnet Portfolio Solutions Inc. acquired a new stake in TKO Group Holdings, Inc. (NYSE:TKO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,859 shares of the company’s stock, valued at approximately $233,000.

Several other large investors have also made changes to their positions in TKO. Lindsell Train Ltd purchased a new stake in shares of TKO Group in the 3rd quarter valued at $495,949,000. Vanguard Group Inc. acquired a new position in shares of TKO Group in the 3rd quarter valued at $419,731,000. FMR LLC acquired a new position in shares of TKO Group in the 3rd quarter valued at $136,131,000. Clearbridge Investments LLC acquired a new position in shares of TKO Group in the 3rd quarter valued at $118,378,000. Finally, Invesco Ltd. acquired a new position in shares of TKO Group in the 3rd quarter valued at $80,249,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Price Performance

TKO Group stock opened at $107.49 on Friday. TKO Group Holdings, Inc. has a 52-week low of $72.33 and a 52-week high of $108.72. The firm has a market capitalization of $18.31 billion, a price-to-earnings ratio of -106.43 and a beta of 1.03. The company has a fifty day simple moving average of $95.66 and a 200-day simple moving average of $86.00. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO) last released its earnings results on Tuesday, February 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.59). TKO Group had a positive return on equity of 4.15% and a negative net margin of 4.14%. The business had revenue of $614.00 million for the quarter, compared to analysts’ expectations of $619.48 million. On average, equities analysts anticipate that TKO Group Holdings, Inc. will post 4.51 EPS for the current fiscal year.

Insider Transactions at TKO Group

In related news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now owns 9,875,129 shares of the company’s stock, valued at $878,985,232.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 53.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Citigroup boosted their target price on shares of TKO Group from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. TD Cowen upgraded shares of TKO Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $92.00 to $127.00 in a research note on Wednesday, May 15th. The Goldman Sachs Group assumed coverage on shares of TKO Group in a research note on Thursday, March 7th. They issued a “buy” rating and a $102.00 target price for the company. Jefferies Financial Group boosted their target price on shares of TKO Group from $120.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Finally, Moffett Nathanson assumed coverage on shares of TKO Group in a research report on Monday, January 29th. They set a “neutral” rating and a $95.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and an average target price of $111.69.

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.