Ninety One SA PTY Ltd grew its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO – Free Report) by 9.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 69,116 shares of the company’s stock after buying an additional 6,089 shares during the quarter. TKO Group accounts for approximately 2.2% of Ninety One SA PTY Ltd’s portfolio, making the stock its 12th biggest position. Ninety One SA PTY Ltd’s holdings in TKO Group were worth $9,822,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the business. Blue Trust Inc. lifted its position in TKO Group by 52.4% in the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after purchasing an additional 89 shares during the period. Geneos Wealth Management Inc. bought a new stake in shares of TKO Group in the 4th quarter worth $32,000. First Horizon Advisors Inc. lifted its holdings 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 valued at $34,000 after buying an additional 231 shares during the period. UMB Bank n.a. boosted its stake in TKO Group by 72.8% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after buying an additional 115 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in TKO Group by 39.4% during the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after acquiring an additional 109 shares during the period. 89.79% of the stock is owned by institutional investors and hedge funds.
TKO Group Trading Up 0.3 %
NYSE:TKO opened at $157.55 on Wednesday. The stock’s 50-day moving average is $144.56 and its two-hundred day moving average is $128.40. 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 cap of $26.90 billion, a PE ratio of -375.12 and a beta of 1.06. TKO Group Holdings, Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $159.72.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the stock. TD Cowen upped their price target on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. The Goldman Sachs Group upped their price target on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. Roth Mkm raised their price objective on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Citigroup boosted their target price on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $144.77.
View Our Latest Stock Report on TKO Group
Insiders Place Their Bets
In other news, CEO Ariel Emanuel acquired 76,587 shares of TKO Group stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average price of $157.13 per share, with a total value of $12,034,115.31. Following the completion of the transaction, the chief executive officer now owns 1,857,116 shares in the company, valued at approximately $291,808,637.08. This trade represents a 4.30 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Patrick Whitesell bought 94,161 shares of the stock in a transaction on Monday, February 3rd. The stock was purchased at an average price of $157.79 per share, for a total transaction of $14,857,664.19. Following the purchase, the insider now directly owns 1,780,529 shares of the company’s stock, valued at approximately $280,949,670.91. This represents a 5.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 1,775,976 shares of company stock worth $265,361,587 and sold 71,457 shares worth $10,153,456. Insiders own 53.80% of the company’s stock.
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.
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