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

Portfolio Design Labs LLC acquired a new stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,202 shares of the company's stock, valued at approximately $313,000.

Other large investors have also bought and sold shares of the company. Park Avenue Securities LLC boosted its holdings in TKO Group by 59.2% during the fourth quarter. Park Avenue Securities LLC now owns 13,004 shares of the company's stock worth $1,848,000 after buying an additional 4,836 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of TKO Group by 11.0% in the 3rd quarter. Retirement Systems of Alabama now owns 80,707 shares of the company's stock valued at $9,984,000 after acquiring an additional 8,006 shares during the period. HighTower Advisors LLC raised its position in shares of TKO Group by 177.2% in the 3rd quarter. HighTower Advisors LLC now owns 26,197 shares of the company's stock valued at $3,225,000 after acquiring an additional 16,746 shares during the period. Petrus Trust Company LTA bought a new stake in TKO Group in the third quarter valued at approximately $597,000. Finally, Principal Financial Group Inc. increased 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 purchasing an additional 13,148 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TKO Group news, CFO Andrew M. Schleimer sold 5,419 shares of the firm's stock in a transaction that occurred on Friday, January 3rd. The stock was 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 directly owns 6,995 shares in the company, valued at $992,870.30. This trade represents a 43.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mark S. Shapiro sold 31,666 shares of the 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 $4,494,672.04. Following the completion of the sale, the insider now directly owns 73,677 shares of the company's stock, valued at approximately $10,457,713.38. The trade was a 30.06 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have acquired 2,498,297 shares of company stock valued at $387,671,461 and have sold 71,457 shares valued at $10,153,456. Insiders own 53.80% of the company's stock.

Analysts Set New Price Targets

TKO has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of TKO Group from $137.00 to $158.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Citigroup lifted 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. Benchmark lowered TKO Group from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. The Goldman Sachs Group raised 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. Finally, Pivotal Research raised 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. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $148.08.

TKO Group Stock Up 0.6 %

Shares of TKO traded up $1.11 during mid-day trading on Friday, hitting $175.60. 1,453,471 shares of the company's stock were exchanged, compared to its average volume of 798,429. TKO Group Holdings, Inc. has a 52 week low of $78.69 and a 52 week high of $179.09. The company has a 50-day simple moving average of $149.62 and a 200 day simple moving average of $131.96. The company has a market cap of $29.99 billion, a PE ratio of -418.09 and a beta of 1.06. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17.

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.