TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. cut its stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,286 shares of the company's stock after selling 1,790 shares during the period. Braun Stacey Associates Inc.'s holdings in TKO Group were worth $5,867,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC acquired a new stake in TKO Group in the fourth quarter valued at $384,000. CIBC Asset Management Inc increased its stake in TKO Group by 5.7% during the fourth quarter. CIBC Asset Management Inc now owns 2,529 shares of the company's stock valued at $359,000 after purchasing an additional 136 shares during the last quarter. Game Plan Financial Advisors LLC increased its stake in TKO Group by 172.2% during the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock valued at $35,000 after purchasing an additional 155 shares during the last quarter. New Mexico Educational Retirement Board increased its stake in TKO Group by 11.5% during the fourth quarter. New Mexico Educational Retirement Board now owns 13,600 shares of the company's stock valued at $1,933,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in TKO Group by 28.2% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company's stock valued at $47,000 after purchasing an additional 73 shares during the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TKO Group

In related news, CEO Ariel Emanuel bought 117,769 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average price of $175.40 per share, for a total transaction of $20,656,682.60. Following the transaction, the chief executive officer now directly owns 2,579,437 shares of the company's stock, valued at approximately $452,433,249.80. This represents a 4.78 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew M. Schleimer sold 5,419 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 6,995 shares of the company's stock, valued at $992,870.30. This represents a 43.65 % decrease in their position. The disclosure for this sale can be found here. In 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 insiders.

TKO Group Price Performance

TKO traded down $5.09 on Friday, reaching $158.73. The company had a trading volume of 1,714,360 shares, compared to its average volume of 1,093,437. The company has a fifty day moving average of $152.20 and a 200-day moving average of $133.68. The company has a market capitalization of $27.11 billion, a P/E ratio of -377.92 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 one year low of $78.69 and a one year high of $179.09.

Analysts Set New Price Targets

TKO has been the subject of several recent research reports. Pivotal Research boosted their target price on shares of TKO Group from $145.00 to $165.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. The Goldman Sachs Group boosted their target price on shares of TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Citigroup boosted their target price on shares of TKO Group from $137.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Benchmark lowered shares of TKO Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted 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. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $148.08.

TKO Group 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.