Lindsell Train Ltd Has $516.34 Million Stock Position in TKO Group Holdings, Inc. (NYSE:TKO)

Lindsell Train Ltd trimmed its position in TKO Group Holdings, Inc. (NYSE:TKO) by 19.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,633,367 shares of the company’s stock after selling 888,188 shares during the quarter. TKO Group makes up about 12.9% of Lindsell Train Ltd’s investment portfolio, making the stock its biggest holding. Lindsell Train Ltd’s holdings in TKO Group were worth $516,338,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. lifted its stake 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 acquiring an additional 89 shares during the period. First Horizon Advisors Inc. lifted its position in TKO Group by 491.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after purchasing an additional 231 shares during the period. UMB Bank n.a. boosted 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 valued at $39,000 after purchasing an additional 115 shares during the last quarter. Signaturefd LLC grew its position in shares of TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after buying an additional 109 shares during the period. Finally, Quarry LP bought a new stake in shares of TKO Group during the second quarter worth approximately $51,000. 89.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Shane Kapral sold 1,034 shares of the business’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 $146,765.96. Following the sale, the chief accounting officer now owns 2,225 shares of the company’s stock, valued at $315,816.50. The trade was a 31.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Patrick Whitesell bought 245,887 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of $142.45 per share, with a total value of $35,026,603.15. Following the transaction, the insider now owns 1,825,030 shares of the company’s stock, valued at $259,975,523.50. This represents a 15.57 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders bought 950,664 shares of company stock worth $137,096,831 and sold 71,457 shares worth $10,153,456. 53.80% of the stock is owned by corporate insiders.

TKO Group Stock Up 6.3 %

TKO Group stock opened at $151.93 on Friday. The company has a 50 day moving average of $140.68 and a 200-day moving average of $125.46. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a twelve month low of $78.69 and a twelve month high of $153.89. The stock has a market capitalization of $25.94 billion, a PE ratio of -361.73 and a beta of 1.07.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $681.20 million during the quarter, compared to analyst estimates of $665.12 million. During the same period in the previous year, the company posted $0.52 earnings per share. TKO Group’s revenue for the quarter was up 51.7% on a year-over-year basis. On average, equities research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Benchmark cut shares of TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. TD Cowen raised their price target on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Roth Mkm lifted 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. Citigroup increased their target price on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, Pivotal Research boosted their target price on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $141.21.

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.