Ninety One UK Ltd Has $589.99 Million Position in TKO Group Holdings, Inc. (NYSE:TKO)

Ninety One UK Ltd lifted its holdings in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,151,608 shares of the company's stock after purchasing an additional 163,980 shares during the period. TKO Group accounts for about 1.6% of Ninety One UK Ltd's investment portfolio, making the stock its 19th biggest holding. Ninety One UK Ltd owned approximately 2.43% of TKO Group worth $589,985,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company's stock valued at $32,000 after acquiring an additional 89 shares during the period. Geneos Wealth Management Inc. acquired a new stake in TKO Group in the 4th quarter valued at approximately $32,000. 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 worth $34,000 after buying an additional 231 shares during the period. UMB Bank n.a. lifted its holdings in shares of TKO Group by 72.8% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the company's stock worth $39,000 after buying an additional 115 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of TKO Group by 39.4% in the third quarter. Signaturefd LLC now owns 386 shares of the company's stock valued at $48,000 after acquiring an additional 109 shares during the period. 89.79% of the stock is currently owned by institutional investors.

TKO Group Price Performance

TKO stock traded up $5.48 during midday trading on Friday, reaching $166.69. 2,463,709 shares of the company's stock traded hands, compared to its average volume of 798,429. The company has a 50-day simple moving average of $146.05 and a two-hundred day simple moving average of $129.28. 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 1-year low of $78.69 and a 1-year high of $168.25. The company has a market cap of $28.47 billion, a price-to-earnings ratio of -396.88 and a beta of 1.06.

TKO Group (NYSE:TKO - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.28). The business had revenue of $681.20 million during the quarter, compared to analyst estimates of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The business's quarterly revenue was up 51.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 earnings per share. On average, analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. TD Cowen boosted their target price on shares of TKO Group from $140.00 to $143.00 and gave the stock a "buy" rating in a research report on Tuesday, October 29th. Pivotal Research boosted their price objective on shares of TKO Group from $145.00 to $165.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. UBS Group increased their target price on shares of TKO Group from $135.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. The Goldman Sachs Group boosted their price target on TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Finally, Benchmark downgraded TKO Group from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $148.08.

Insider Buying and Selling at TKO Group

In related news, major shareholder Patrick Whitesell purchased 263,200 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the acquisition, the insider now directly owns 418,587 shares in the company, valued at approximately $61,519,731.39. This trade represents a 169.38 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Shane Kapral sold 1,034 shares of the company's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $146,765.96. Following the transaction, the chief accounting officer now directly owns 2,225 shares in the company, valued at approximately $315,816.50. This represents a 31.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 2,107,826 shares of company stock worth $319,543,341 and sold 71,457 shares worth $10,153,456. Corporate insiders own 53.80% of the company's stock.

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.