TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC trimmed its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 6.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 364,598 shares of the company's stock after selling 23,894 shares during the quarter. TKO Group comprises 2.8% of Rice Hall James & Associates LLC's portfolio, making the stock its 3rd biggest holding. Rice Hall James & Associates LLC owned 0.21% of TKO Group worth $51,813,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TKO. Blue Trust Inc. grew its position in shares of TKO Group by 52.4% in the third quarter. Blue Trust Inc. now owns 259 shares of the company's stock valued at $32,000 after purchasing an additional 89 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of TKO Group in the fourth quarter valued at about $32,000. First Horizon Advisors Inc. grew its position in shares of TKO Group by 491.5% in the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company's stock valued at $34,000 after purchasing an additional 231 shares during the last quarter. Game Plan Financial Advisors LLC grew its position in shares of TKO Group by 172.2% in 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. Finally, UMB Bank n.a. grew its position in shares of TKO Group by 72.8% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the company's stock valued at $39,000 after purchasing an additional 115 shares during the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder Patrick Whitesell bought 31,352 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was bought at an average price 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ariel Emanuel bought 117,769 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was purchased at an average price of $175.40 per share, with a total value of $20,656,682.60. Following the purchase, the chief executive officer now directly owns 2,579,437 shares of the company's stock, valued at $452,433,249.80. The trade was a 4.78 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 2,498,297 shares of company stock worth $387,671,461 and sold 71,457 shares worth $10,153,456. Corporate insiders own 53.80% of the company's stock.

TKO Group Price Performance

TKO traded down $5.09 during midday trading on Friday, reaching $158.73. 1,714,360 shares of the company's stock were exchanged, compared to its average volume of 1,093,437. The firm has a market capitalization of $27.11 billion, a price-to-earnings ratio of -377.92 and a beta of 1.06. 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 Holdings, Inc. has a one year low of $78.69 and a one year high of $179.09. The business has a 50-day simple moving average of $152.20 and a two-hundred day simple moving average of $133.68.

Analyst Ratings Changes

Several brokerages have recently issued reports on TKO. UBS Group raised their price target on TKO Group from $135.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. Benchmark downgraded TKO Group from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. TD Cowen raised their price target on TKO Group from $140.00 to $143.00 and gave the company a "buy" rating in a research report on Tuesday, October 29th. Citigroup increased 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. Finally, Seaport Res Ptn cut shares of TKO Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $148.08.

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.