Braun Stacey Associates Inc. Sells 1,790 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Braun Stacey Associates Inc. decreased its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 4.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 41,286 shares of the company’s stock after selling 1,790 shares during the period. Braun Stacey Associates Inc.’s holdings in TKO Group were worth $5,867,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Ninety One UK Ltd raised its stake in TKO Group by 4.1% during the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock worth $589,985,000 after buying an additional 163,980 shares during the period. State Street Corp raised its position in TKO Group by 10.4% during the third quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after acquiring an additional 192,602 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in TKO Group by 29.1% in 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 acquiring an additional 383,869 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of TKO Group by 1.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock valued at $154,185,000 after acquiring an additional 13,148 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of TKO Group by 7.4% during 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 during the last quarter. Institutional investors own 89.79% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on TKO. TD Cowen raised 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. Pivotal Research lifted their price target on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Benchmark downgraded shares of TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Seaport Res Ptn cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Finally, The Goldman Sachs Group raised their price target on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, TKO Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.08.

Insider Activity at TKO Group

In other TKO Group news, major shareholder Patrick Whitesell acquired 263,200 shares of TKO Group stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average cost of $146.97 per share, for a total transaction of $38,682,504.00. Following the purchase, the insider now owns 418,587 shares of the company’s stock, valued at approximately $61,519,731.39. This represents a 169.38 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ariel Emanuel acquired 117,769 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were bought at an average cost of $175.40 per share, for a total transaction of $20,656,682.60. Following the acquisition, the chief executive officer now directly owns 2,579,437 shares in the company, valued at $452,433,249.80. This represents a 4.78 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 2,498,297 shares of company stock valued at $387,671,461 and have sold 71,457 shares valued at $10,153,456. 53.80% of the stock is owned by insiders.

TKO Group Stock Up 0.6 %

Shares of TKO opened at $175.60 on Tuesday. TKO Group Holdings, Inc. has a 52 week low of $78.69 and a 52 week high of $179.09. 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 50 day moving average price of $150.34 and a two-hundred day moving average price of $132.42.

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.