Blue Trust Inc. Increases Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Blue Trust Inc. boosted its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 28.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 332 shares of the company’s stock after buying an additional 73 shares during the period. Blue Trust Inc.’s holdings in TKO Group were worth $47,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Ninety One UK Ltd grew its position in shares of TKO Group by 4.1% in 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 grew its holdings in TKO Group by 10.4% in the third quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after purchasing an additional 192,602 shares during the period. Massachusetts Financial Services Co. MA grew its holdings 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 worth $210,892,000 after purchasing an additional 383,869 shares during the period. Principal Financial Group Inc. increased its stake in shares of TKO Group by 1.1% during the third quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock valued at $154,185,000 after purchasing an additional 13,148 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of TKO Group by 7.4% during the third quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company’s stock valued at $153,931,000 after purchasing an additional 85,160 shares during the last quarter. 89.79% of the stock is owned by institutional investors.

TKO Group Stock Performance

Shares of TKO opened at $159.97 on Thursday. TKO Group Holdings, Inc. has a one year low of $78.69 and a one year high of $179.09. The business has a fifty day moving average of $153.00 and a 200 day moving average of $134.78. 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 $27.32 billion, a P/E ratio of -380.88 and a beta of 1.06.

Insider Buying and Selling at TKO Group

In other TKO Group news, insider Seth D. Krauss sold 2,438 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 7,983 shares of the company’s stock, valued at approximately $1,147,955.40. The trade was a 23.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Shane Kapral sold 1,034 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $146,765.96. Following the completion of the transaction, the chief accounting officer now directly owns 2,225 shares in the company, valued at $315,816.50. This trade represents a 31.73 % decrease in their position. 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.

Analysts Set New Price Targets

Several research firms recently weighed in on TKO. JPMorgan Chase & Co. upped their price target on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Citigroup increased their target price on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Pivotal Research lifted their price target on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Seaport Res Ptn downgraded shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Finally, UBS Group lifted their target price on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, TKO Group currently has a consensus rating of “Moderate Buy” and an average target price of $151.58.

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.