TKO Group Holdings, Inc. (NYSE:TKO) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. grew its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 28.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 332 shares of the company’s stock after acquiring an additional 73 shares during the quarter. Blue Trust Inc.’s holdings in TKO Group were worth $47,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. bought a new stake in TKO Group during the fourth quarter worth approximately $32,000. First Horizon Advisors Inc. raised 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 buying an additional 231 shares in the last quarter. UMB Bank n.a. lifted its position 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 worth $39,000 after buying an additional 115 shares during the last quarter. Signaturefd LLC boosted its stake in shares of TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after acquiring an additional 109 shares in the last quarter. Finally, Brooklyn Investment Group increased its holdings in shares of TKO Group by 213.0% during the 4th quarter. Brooklyn Investment Group now owns 360 shares of the company’s stock valued at $51,000 after acquiring an additional 245 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

TKO Group Stock Up 3.4 %

Shares of NYSE:TKO opened at $166.69 on Monday. The company’s fifty day moving average is $146.05 and its 200-day moving average is $129.60. 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 52 week low of $78.69 and a 52 week high of $168.25. The company has a market capitalization of $28.47 billion, a PE ratio of -396.88 and a beta of 1.06.

Insider Activity at TKO Group

In related news, CEO Ariel Emanuel purchased 60,208 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of $143.73 per share, with a total value of $8,653,695.84. Following the completion of the purchase, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Patrick Whitesell bought 31,352 shares of the stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average cost of $142.03 per share, with a total value of $4,452,924.56. Following the completion of 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 position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 2,107,826 shares of company stock valued at $319,543,341 and sold 71,457 shares valued at $10,153,456. 53.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Citigroup boosted their target price on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. TD Cowen lifted their target price on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Pivotal Research upped their price target on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. UBS Group lifted their price objective on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Finally, 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. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $148.08.

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.