UMB Bank n.a. Increases Stake in TKO Group Holdings, Inc. (NYSE:TKO)

UMB Bank n.a. grew its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 72.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 273 shares of the company’s stock after purchasing an additional 115 shares during the quarter. UMB Bank n.a.’s holdings in TKO Group were worth $39,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of TKO. Blue Trust Inc. boosted its position in shares of TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after purchasing an additional 89 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of TKO Group by 491.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after acquiring an additional 231 shares in the last quarter. Signaturefd LLC lifted its position 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 acquiring an additional 109 shares during the period. Quarry LP bought a new stake in TKO Group during the second quarter worth about $51,000. Finally, Brooklyn Investment Group grew its holdings in TKO Group by 213.0% in the fourth quarter. Brooklyn Investment Group now owns 360 shares of the company’s stock worth $51,000 after purchasing an additional 245 shares during the period. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Shane Kapral sold 1,034 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $146,765.96. Following the transaction, the chief accounting officer now directly owns 2,225 shares in the company, valued at approximately $315,816.50. This represents a 31.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ariel Emanuel acquired 115,952 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were bought at an average price of $143.85 per share, for a total transaction of $16,679,695.20. Following the completion of the acquisition, the chief executive officer now owns 1,031,804 shares in the company, valued at approximately $148,425,005.40. This trade represents a 12.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 950,664 shares of company stock valued at $137,096,831 and sold 71,457 shares valued at $10,153,456. 53.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on TKO. The Goldman Sachs Group lifted their target price on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday. UBS Group boosted their target price on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Guggenheim raised their price target on shares of TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Roth Mkm raised their price objective on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Benchmark downgraded TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $141.21.

TKO Group Trading Up 0.7 %

Shares of TKO opened at $153.06 on Friday. The firm has a market capitalization of $26.14 billion, a P/E ratio of -364.44 and a beta of 1.07. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm’s 50-day moving average is $141.35 and its two-hundred day moving average is $125.85. TKO Group Holdings, Inc. has a twelve month low of $78.69 and a twelve month high of $154.25.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.28). TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The business had revenue of $681.20 million during the quarter, compared to analysts’ expectations of $665.12 million. During the same quarter in the prior year, the firm earned $0.52 earnings per share. TKO Group’s quarterly revenue was up 51.7% on a year-over-year basis. On average, research analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

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.