First Citizens Bank & Trust Co. Invests $221,000 in TKO Group Holdings, Inc. (NYSE:TKO)

First Citizens Bank & Trust Co. purchased a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 1,557 shares of the company’s stock, valued at approximately $221,000.

Several other institutional investors also recently bought and sold shares of the stock. Blue Trust Inc. increased its holdings in shares of TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after purchasing an additional 89 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in TKO Group in the fourth quarter valued at $32,000. First Horizon Advisors Inc. raised its position in shares of TKO Group by 491.5% in the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after acquiring an additional 231 shares during the period. UMB Bank n.a. boosted its stake in shares of TKO Group by 72.8% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after acquiring an additional 115 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after acquiring an additional 109 shares in the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TKO has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price target on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. The Goldman Sachs Group lifted their target price on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Pivotal Research raised their price target on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. UBS Group upped their price objective on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Finally, Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, TKO Group has an average rating of “Moderate Buy” and an average target price of $141.21.

Insider Activity

In other news, CAO Shane Kapral sold 1,034 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $146,765.96. Following the completion of the transaction, the chief accounting officer now owns 2,225 shares of the company’s stock, valued at approximately $315,816.50. This trade represents a 31.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Patrick Whitesell acquired 263,200 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the acquisition, the insider now directly owns 418,587 shares of the company’s stock, valued at approximately $61,519,731.39. This represents a 169.38 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 1,265,894 shares of company stock valued at $185,095,692 and sold 71,457 shares valued at $10,153,456. Insiders own 53.80% of the company’s stock.

TKO Group Trading Up 3.2 %

NYSE TKO opened at $158.34 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 stock has a market capitalization of $27.04 billion, a P/E ratio of -377.00 and a beta of 1.07. The firm’s 50-day moving average is $142.47 and its two-hundred day moving average is $126.60. TKO Group Holdings, Inc. has a 12 month low of $78.69 and a 12 month high of $159.53.

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

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.