Choreo LLC Acquires 1,957 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Choreo LLC lifted its position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 32.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,014 shares of the company's stock after purchasing an additional 1,957 shares during the period. Choreo LLC's holdings in TKO Group were worth $1,149,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. raised its position in TKO Group by 52.4% in the third quarter. Blue Trust Inc. now owns 259 shares of the company's stock worth $32,000 after acquiring an additional 89 shares during the period. Geneos Wealth Management Inc. bought a new stake in TKO Group in the fourth quarter worth about $32,000. First Horizon Advisors Inc. raised its position in TKO Group by 491.5% in the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company's stock worth $34,000 after acquiring an additional 231 shares during the period. UMB Bank n.a. raised its position in TKO Group by 72.8% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the company's stock worth $39,000 after acquiring an additional 115 shares during the period. Finally, Signaturefd LLC raised its position in TKO Group by 39.4% in the third quarter. Signaturefd LLC now owns 386 shares of the company's stock worth $48,000 after acquiring an additional 109 shares during the period. 89.79% of the stock is owned by institutional investors.

TKO Group Price Performance

NYSE:TKO traded up $0.29 during mid-day trading on Wednesday, hitting $176.82. 1,558,555 shares of the stock traded hands, compared to its average volume of 981,912. The business's 50-day moving average price is $147.61 and its 200 day moving average price is $130.55. The company has a market cap of $30.20 billion, a PE ratio of -421.00 and a beta of 1.06. TKO Group Holdings, Inc. has a 12-month low of $78.69 and a 12-month high of $178.13. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

Insider Activity at TKO Group

In other TKO Group news, CAO Shane Kapral sold 1,034 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 value of $146,765.96. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew M. Schleimer sold 5,419 shares of the business'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 transaction of $769,172.86. Following the completion of the transaction, the chief financial officer now directly owns 6,995 shares of the company's stock, valued at approximately $992,870.30. This represents a 43.65 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 2,107,826 shares of company stock valued at $319,543,341 and sold 71,457 shares valued at $10,153,456. 53.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have commented on TKO. UBS Group lifted their price objective on shares of TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. TD Cowen lifted their target price on shares of TKO Group from $140.00 to $143.00 and gave the stock a "buy" rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. lifted their target price on shares of TKO Group from $137.00 to $158.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th. Citigroup lifted their target price on shares of TKO Group from $137.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. Finally, Roth Mkm lifted their target price on shares of TKO Group from $146.00 to $148.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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.