Zurcher Kantonalbank Zurich Cantonalbank Sells 5,113 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 23.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,381 shares of the company’s stock after selling 5,113 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in TKO Group were worth $2,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA lifted its position in shares of TKO Group by 29.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock valued at $210,892,000 after buying an additional 383,869 shares in the last quarter. Central Pacific Bank Trust Division lifted its holdings in TKO Group by 499.8% during the third quarter. Central Pacific Bank Trust Division now owns 5,998 shares of the company’s stock valued at $742,000 after purchasing an additional 4,998 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of TKO Group by 14.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 452,753 shares of the company’s stock worth $56,010,000 after purchasing an additional 56,312 shares during the period. American Century Companies Inc. increased its stake in shares of TKO Group by 1,439.7% in the second quarter. American Century Companies Inc. now owns 307,405 shares of the company’s stock worth $33,197,000 after purchasing an additional 287,440 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its position in shares of TKO Group by 3.8% during the 2nd quarter. Epoch Investment Partners Inc. now owns 1,030,910 shares of the company’s stock valued at $111,328,000 after purchasing an additional 37,576 shares during the period. Institutional investors own 89.79% of the company’s stock.

Insider Buying and Selling

In related news, insider Mark S. Shapiro sold 31,026 shares of the business’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 completion of the transaction, the insider now owns 42,156 shares in the company, valued at $4,837,822.56. The trade was a 42.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 53.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. UBS Group upped 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. 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. The Goldman Sachs Group boosted their price target on TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Guggenheim lifted their price objective on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, Pivotal Research boosted their target price on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and an average price target of $132.43.

TKO Group Price Performance

Shares of TKO Group stock opened at $137.07 on Wednesday. The stock has a market cap of $23.41 billion, a price-to-earnings ratio of -326.29 and a beta of 1.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a 50 day moving average price of $125.12 and a 200-day moving average price of $116.27. TKO Group Holdings, Inc. has a one year low of $72.33 and a one year high of $139.45.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.28). TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The firm had revenue of $681.20 million for the quarter, compared to analysts’ expectations of $665.12 million. During the same period in the previous year, the firm earned $0.52 earnings per share. The firm’s quarterly revenue was up 51.7% compared to the same quarter last year. Equities analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

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.