Tokio Marine Asset Management Co. Ltd. Purchases Shares of 48,701 TKO Group Holdings, Inc. (NYSE:TKO)

Tokio Marine Asset Management Co. Ltd. purchased a new position in TKO Group Holdings, Inc. (NYSE:TKO) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 48,701 shares of the company’s stock, valued at approximately $6,921,000.

A number of other large investors have also made changes to their positions in TKO. Massachusetts Financial Services Co. MA increased its position in shares of TKO Group by 29.1% during 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 purchasing an additional 383,869 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in TKO Group by 59.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock worth $119,940,000 after buying an additional 362,460 shares in the last quarter. State Street Corp increased its holdings in TKO Group by 10.4% in the 3rd 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. Geode Capital Management LLC raised its stake in shares of TKO Group by 7.4% in the 3rd 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of TKO Group by 14.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 452,753 shares of the company’s stock worth $56,010,000 after acquiring an additional 56,312 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Price Performance

Shares of NYSE TKO opened at $155.03 on Friday. TKO Group Holdings, Inc. has a 1-year low of $78.69 and a 1-year high of $159.72. The company has a 50-day moving average of $143.75 and a two-hundred day moving average of $127.50. 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 (NYSE:TKO) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.28). The company had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The business’s revenue for the quarter was up 51.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 EPS. On average, equities research analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Citigroup upped their price objective on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. TD Cowen raised their target price on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Pivotal Research upped their price target on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, The Goldman Sachs Group lifted their price objective on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $144.77.

Insider Activity

In related news, CFO Andrew M. Schleimer sold 5,419 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 transaction of $769,172.86. Following the completion of the sale, the chief financial officer now directly owns 6,995 shares of the company’s stock, valued at $992,870.30. The trade was a 43.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Patrick Whitesell acquired 31,352 shares of TKO Group stock in a transaction on Wednesday, December 11th. The stock was acquired at an average cost of $142.03 per share, for a total transaction of $4,452,924.56. Following the completion of the purchase, the insider now owns 1,674,322 shares of the company’s stock, valued at approximately $237,803,953.66. The trade was a 1.91 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 1,524,470 shares of company stock valued at $225,807,760 and have sold 71,457 shares valued at $10,153,456. 53.80% of the stock is currently owned by insiders.

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.