TKO Group Holdings, Inc. (NYSE:TKO) Shares Purchased by Ninety One SA PTY Ltd

Ninety One SA PTY Ltd raised its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 9.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,116 shares of the company’s stock after buying an additional 6,089 shares during the period. TKO Group comprises 2.2% of Ninety One SA PTY Ltd’s investment portfolio, making the stock its 12th largest position. Ninety One SA PTY Ltd’s holdings in TKO Group were worth $9,822,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other TKO Group news, CFO Andrew M. Schleimer sold 5,419 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $769,172.86. Following the sale, the chief financial officer now directly owns 6,995 shares of the company’s stock, valued at $992,870.30. This trade represents a 43.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ariel Emanuel purchased 60,208 shares of TKO Group stock in a transaction dated Thursday, December 12th. The shares were purchased at an average cost of $143.73 per share, with a total value of $8,653,695.84. Following the acquisition, 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. In the last 90 days, insiders have purchased 1,775,976 shares of company stock valued at $265,361,587 and have sold 71,457 shares valued at $10,153,456. Company insiders own 53.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TKO. Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. TD Cowen increased their price target on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Citigroup lifted their price objective on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Roth Mkm increased their target price on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, UBS Group lifted their price target on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, TKO Group currently has a consensus rating of “Moderate Buy” and an average target price of $144.77.

TKO Group Trading Up 0.3 %

TKO Group stock opened at $157.55 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. TKO Group Holdings, Inc. has a 1 year low of $78.69 and a 1 year high of $159.72. The firm’s 50-day moving average is $144.56 and its 200-day moving average is $128.40. The company has a market cap of $26.90 billion, a P/E ratio of -375.12 and a beta of 1.06.

TKO Group (NYSE:TKO) last issued its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). The business had revenue of $681.20 million during the quarter, compared to the consensus estimate 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 was up 51.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.52 EPS. On average, equities analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Company 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.