American International Group Inc. Sells 1,742 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

American International Group Inc. lowered its position in TKO Group Holdings, Inc. (NYSE:TKO) by 2.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,837 shares of the company’s stock after selling 1,742 shares during the quarter. American International Group Inc.’s holdings in TKO Group were worth $6,899,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. First Trust Bank Ltd. bought a new stake in shares of TKO Group in the 4th quarter worth approximately $3,034,000. Charles Schwab Investment Management Inc. lifted its position in shares of TKO Group by 17.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 366,442 shares of the company’s stock worth $29,894,000 after acquiring an additional 55,662 shares during the period. Vanguard Group Inc. lifted its position in shares of TKO Group by 20.1% in the 4th quarter. Vanguard Group Inc. now owns 5,995,356 shares of the company’s stock worth $489,101,000 after acquiring an additional 1,002,121 shares during the period. Alberta Investment Management Corp bought a new stake in shares of TKO Group in the 4th quarter worth approximately $5,111,000. Finally, Wells Fargo & Company MN raised its holdings in shares of TKO Group by 15.2% in the 4th quarter. Wells Fargo & Company MN now owns 148,677 shares of the company’s stock worth $12,129,000 after buying an additional 19,632 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

TKO Group Stock Up 0.6 %

TKO stock opened at $107.70 on Friday. The business’s 50-day moving average price is $107.63 and its two-hundred day moving average price is $95.00. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 1-year low of $72.33 and a 1-year high of $113.30.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, May 8th. The company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $1.63. TKO Group had a positive return on equity of 4.15% and a negative net margin of 4.14%. The firm had revenue of $629.70 million for the quarter, compared to the consensus estimate of $609.28 million. On average, research analysts expect that TKO Group Holdings, Inc. will post 4.03 earnings per share for the current year.

Analyst Ratings Changes

TKO has been the subject of a number of recent research reports. Morgan Stanley increased their target price on TKO Group from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, July 15th. TD Cowen raised TKO Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $92.00 to $127.00 in a report on Wednesday, May 15th. Jefferies Financial Group increased their target price on TKO Group from $120.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Roth Mkm increased their target price on TKO Group from $121.00 to $130.00 and gave the stock a “buy” rating in a report on Monday. Finally, JPMorgan Chase & Co. increased their target price on TKO Group from $103.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, May 29th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, TKO Group presently has an average rating of “Moderate Buy” and a consensus target price of $116.64.

Insider Buying and Selling at TKO Group

In other TKO Group news, Director Nick Khan sold 22,693 shares of TKO Group stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $105.53, for a total value of $2,394,792.29. Following the sale, the director now owns 220,018 shares of the company’s stock, valued at approximately $23,218,499.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 53.80% of the company’s stock.

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.