2,202 Shares in TKO Group Holdings, Inc. (NYSE:TKO) Acquired by Portfolio Design Labs LLC

Portfolio Design Labs LLC acquired a new position in TKO Group Holdings, Inc. (NYSE:TKO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,202 shares of the company’s stock, valued at approximately $313,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Ninety One UK Ltd lifted its stake in shares of TKO Group by 4.1% in the fourth quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock worth $589,985,000 after acquiring an additional 163,980 shares during the period. State Street Corp lifted its stake in TKO Group by 10.4% in the third quarter. State Street Corp now owns 2,052,916 shares of the company’s stock valued at $253,966,000 after buying an additional 192,602 shares during the period. Massachusetts Financial Services Co. MA lifted its stake 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 valued at $210,892,000 after buying an additional 383,869 shares during the period. Principal Financial Group Inc. lifted its stake in TKO Group by 1.1% in the third quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock valued at $154,185,000 after buying an additional 13,148 shares during the period. Finally, Geode Capital Management LLC lifted its stake in TKO Group by 7.4% in the third quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company’s stock valued at $153,931,000 after buying an additional 85,160 shares during the period. 89.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on TKO. Roth Mkm boosted their price target on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. TD Cowen boosted their price target on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. boosted their price target on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, UBS Group upped their target price on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.08.

TKO Group Trading Up 0.2 %

Shares of TKO Group stock opened at $176.82 on Thursday. The stock has a fifty day simple moving average of $148.39 and a 200 day simple moving average of $130.87. TKO Group Holdings, Inc. has a 12-month low of $78.69 and a 12-month high of $178.13. The company has a market capitalization of $30.20 billion, a P/E ratio of -421.00 and a beta of 1.06. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

Insider Buying and Selling

In other TKO Group news, major shareholder Patrick Whitesell acquired 31,352 shares of TKO Group stock in a transaction on Wednesday, December 11th. The stock was purchased at an average price of $142.03 per share, for a total transaction of $4,452,924.56. Following the purchase, the insider now directly owns 1,674,322 shares of the company’s stock, valued at $237,803,953.66. This trade represents a 1.91 % increase 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, CFO Andrew M. Schleimer sold 5,419 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $769,172.86. Following the completion of the transaction, the chief financial officer now owns 6,995 shares of the company’s stock, valued at $992,870.30. This trade represents a 43.65 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 2,498,297 shares of company stock worth $387,671,461 and sold 71,457 shares worth $10,153,456. 53.80% of the stock is currently owned by corporate insiders.

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.