Spire Wealth Management Buys New Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Spire Wealth Management purchased a new position in TKO Group Holdings, Inc. (NYSE:TKO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 379 shares of the company’s stock, valued at approximately $54,000.

A number of other large investors also recently modified their holdings of the business. Geneos Wealth Management Inc. bought a new position in TKO Group in the 4th quarter valued at about $32,000. Blue Trust Inc. raised its position in shares of 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 buying an additional 89 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of TKO Group by 72.8% in 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. boosted its holdings in shares of TKO Group by 491.5% in the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after acquiring an additional 231 shares in the last quarter. Finally, Brooklyn Investment Group increased its stake in shares of TKO Group by 213.0% during the fourth 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 period. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Stock Up 3.4 %

TKO stock opened at $166.69 on Monday. The company’s 50 day simple moving average is $146.05 and its 200-day simple moving average is $129.60. TKO Group Holdings, Inc. has a 52-week low of $78.69 and a 52-week high of $168.25. 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 firm has a market capitalization of $28.47 billion, a P/E ratio of -396.88 and a beta of 1.06.

Insider Buying and Selling at TKO Group

In related news, CEO Ariel Emanuel purchased 60,208 shares of the stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of $143.73 per share, for a total transaction of $8,653,695.84. Following the acquisition, the chief executive officer now directly owns 1,734,530 shares in the company, valued at approximately $249,303,996.90. The trade was a 3.60 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Patrick Whitesell purchased 31,352 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was bought at an average cost of $142.03 per share, for a total transaction of $4,452,924.56. Following the completion of the purchase, the insider now directly owns 1,674,322 shares of the company’s stock, valued at $237,803,953.66. The trade was a 1.91 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 2,107,826 shares of company stock valued at $319,543,341 and have sold 71,457 shares valued at $10,153,456. Company insiders own 53.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Citigroup upped their target price on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Pivotal Research raised 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. TD Cowen boosted their price target on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. UBS Group raised their price objective on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Finally, Benchmark downgraded shares of TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $148.08.

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.