Allspring Global Investments Holdings LLC Decreases Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Allspring Global Investments Holdings LLC lowered its position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 930,722 shares of the company's stock after selling 38,804 shares during the period. Allspring Global Investments Holdings LLC owned about 0.55% of TKO Group worth $132,826,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. acquired a new stake in shares of TKO Group during the fourth quarter worth about $32,000. Blue Trust Inc. increased its position in shares of TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company's stock worth $32,000 after purchasing an additional 89 shares in the last quarter. UMB Bank n.a. increased its position in 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 acquiring an additional 115 shares during the period. First Horizon Advisors Inc. increased its position in TKO Group by 491.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company's stock valued at $34,000 after acquiring an additional 231 shares during the period. Finally, Brooklyn Investment Group increased its position in TKO Group by 213.0% in the 4th quarter. Brooklyn Investment Group now owns 360 shares of the company's stock valued at $51,000 after acquiring an additional 245 shares during the period. Institutional investors and hedge funds own 89.79% of the company's stock.

Insider Activity at TKO Group

In other TKO Group news, CEO Ariel Emanuel purchased 117,769 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was bought at an average cost of $175.40 per share, for a total transaction of $20,656,682.60. Following the acquisition, the chief executive officer now owns 2,579,437 shares of the company's stock, valued at approximately $452,433,249.80. The trade was a 4.78 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Patrick Whitesell acquired 156,446 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were purchased at an average price of $175.60 per share, with a total value of $27,471,917.60. Following the completion of the acquisition, the insider now owns 2,461,668 shares in the company, valued at approximately $432,268,900.80. The trade was a 6.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 2,498,297 shares of company stock valued at $387,671,461 and have sold 71,457 shares valued at $10,153,456. 53.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Pivotal Research boosted 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. Seaport Res Ptn cut TKO Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. UBS Group boosted 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. JPMorgan Chase & Co. boosted their target price on TKO Group from $137.00 to $158.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. Finally, TD Cowen boosted 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. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $148.08.

TKO Group Price Performance

Shares of NYSE:TKO traded up $1.11 during trading on Friday, hitting $175.60. 1,453,471 shares of the stock were exchanged, compared to its average volume of 798,429. The company has a fifty day moving average price of $149.62 and a two-hundred day moving average price of $131.65. 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 current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 12-month low of $78.69 and a 12-month high of $179.09.

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.