Sanctuary Advisors LLC Decreases Stock Position in TKO Group Holdings, Inc. (NYSE:TKO)

Sanctuary Advisors LLC lowered its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 12.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,900 shares of the company’s stock after selling 812 shares during the period. Sanctuary Advisors LLC’s holdings in TKO Group were worth $929,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Game Plan Financial Advisors LLC increased its holdings in shares of TKO Group by 172.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after buying an additional 155 shares during the period. New Mexico Educational Retirement Board increased its holdings in shares of TKO Group by 11.5% in the fourth quarter. New Mexico Educational Retirement Board now owns 13,600 shares of the company’s stock worth $1,933,000 after buying an additional 1,400 shares during the period. Blue Trust Inc. increased its holdings in shares of TKO Group by 28.2% in the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $47,000 after buying an additional 73 shares during the period. Louisiana State Employees Retirement System grew its holdings in shares of TKO Group by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company’s stock worth $2,629,000 after acquiring an additional 100 shares during the period. Finally, Portfolio Design Labs LLC purchased a new position in shares of TKO Group during the 4th quarter worth approximately $313,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on TKO. Citigroup upped 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. Pivotal Research upped their target price on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group boosted their price target on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Morgan Stanley boosted their price target on TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, JPMorgan Chase & Co. boosted their price target on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $151.58.

TKO Group Trading Up 2.5 %

TKO Group stock opened at $159.97 on Thursday. The business has a 50-day simple moving average of $153.00 and a two-hundred day simple moving average of $134.78. The company has a market cap of $27.32 billion, a P/E ratio of -380.88 and a beta of 1.06. TKO Group Holdings, Inc. has a 52-week low of $78.69 and a 52-week high of $179.09. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

Insider Buying and Selling at TKO Group

In related news, insider Seth D. Krauss sold 2,438 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $143.80, for a total transaction of $350,584.40. Following the completion of the transaction, the insider now directly owns 7,983 shares in the company, valued at approximately $1,147,955.40. The trade was a 23.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Shane Kapral sold 1,034 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $146,765.96. Following the transaction, the chief accounting officer now owns 2,225 shares of the company’s stock, valued at approximately $315,816.50. This trade represents a 31.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders bought 2,498,297 shares of company stock worth $387,671,461 and sold 71,457 shares worth $10,153,456. Corporate insiders own 53.80% of the company’s stock.

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.