Allspring Global Investments Holdings LLC Sells 38,804 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Allspring Global Investments Holdings LLC cut its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 930,722 shares of the company’s stock after selling 38,804 shares during the period. Allspring Global Investments Holdings LLC’s holdings in TKO Group were worth $132,826,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. purchased a new position in shares of TKO Group during the 4th quarter valued at about $32,000. Blue Trust Inc. increased its holdings in TKO Group by 52.4% in the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after acquiring an additional 89 shares in the last quarter. UMB Bank n.a. raised its stake in 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 during the period. First Horizon Advisors Inc. lifted its holdings in TKO Group by 491.5% during the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after purchasing an additional 231 shares in the last quarter. Finally, Brooklyn Investment Group boosted its position in shares of TKO Group by 213.0% in the fourth quarter. Brooklyn Investment Group now owns 360 shares of the company’s stock worth $51,000 after purchasing an additional 245 shares during the period. Institutional investors own 89.79% of the company’s stock.

Insiders Place Their Bets

In other TKO Group news, CAO Shane Kapral sold 1,034 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $146,765.96. Following the transaction, the chief accounting officer now owns 2,225 shares in the company, valued at $315,816.50. The trade was a 31.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ariel Emanuel bought 60,208 shares of TKO Group stock in a transaction dated Thursday, December 12th. The stock was purchased at an average cost of $143.73 per share, for a total transaction of $8,653,695.84. Following the purchase, the chief executive officer now owns 1,734,530 shares of the company’s stock, valued at approximately $249,303,996.90. This trade represents a 3.60 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 2,107,826 shares of company stock valued at $319,543,341 and have sold 71,457 shares valued at $10,153,456. 53.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TKO has been the topic of a number of analyst reports. TD Cowen lifted their target price on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Benchmark downgraded TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Citigroup upped their price objective on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Pivotal Research lifted their target price on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, UBS Group upped their price target on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, TKO Group presently has an average rating of “Moderate Buy” and an average price target of $148.08.

TKO Group Stock Up 2.0 %

Shares of NYSE TKO opened at $176.61 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 12-month low of $78.69 and a 12-month high of $178.13. The firm’s 50-day moving average price is $147.61 and its 200-day moving average price is $130.55. The stock has a market capitalization of $30.16 billion, a price-to-earnings ratio of -420.50 and a beta of 1.06.

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.