Allspring Global Investments Holdings LLC Trims Stock Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Allspring Global Investments Holdings LLC lowered its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 930,722 shares of the company’s stock after selling 38,804 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.55% of TKO Group worth $132,826,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Ninety One UK Ltd increased its stake in shares of TKO Group by 4.1% in the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock worth $589,985,000 after acquiring an additional 163,980 shares in the last quarter. State Street Corp increased its stake in shares of TKO Group by 10.4% during the third quarter. State Street Corp now owns 2,052,916 shares of the company’s stock valued at $253,966,000 after purchasing an additional 192,602 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of TKO Group by 29.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock valued at $210,892,000 after purchasing an additional 383,869 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of TKO Group by 1.1% during the third quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock valued at $154,185,000 after purchasing an additional 13,148 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of TKO Group by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company’s stock worth $153,931,000 after purchasing an additional 85,160 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

Insider Buying and Selling

In other TKO Group news, CEO Ariel Emanuel purchased 60,208 shares of TKO Group stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of $143.73 per share, with a total value of $8,653,695.84. Following the transaction, the chief executive officer now directly owns 1,734,530 shares of the company’s stock, valued at $249,303,996.90. This trade represents a 3.60 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Patrick Whitesell acquired 31,352 shares of the stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average price of $142.03 per share, for a total transaction of $4,452,924.56. Following the purchase, the insider now directly owns 1,674,322 shares in the company, valued at approximately $237,803,953.66. This trade represents a 1.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 2,107,826 shares of company stock worth $319,543,341 and have sold 71,457 shares worth $10,153,456. 53.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. UBS Group raised their price target on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Citigroup lifted their price target on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Roth Mkm increased their price objective on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, 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 report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $148.08.

TKO Group Stock Performance

Shares of TKO stock opened at $176.61 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average price of $147.61 and a 200-day moving average price of $130.55. TKO Group Holdings, Inc. has a 52 week low of $78.69 and a 52 week high of $178.13. The firm has a market capitalization of $30.16 billion, a PE ratio of -420.50 and a beta of 1.06.

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.