TKO Group Holdings, Inc. (NYSE:TKO) Shares Bought by Ninety One SA PTY Ltd

Ninety One SA PTY Ltd increased its holdings in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 9.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 69,116 shares of the company's stock after purchasing an additional 6,089 shares during the period. TKO Group makes up about 2.2% of Ninety One SA PTY Ltd's holdings, making the stock its 12th biggest holding. Ninety One SA PTY Ltd's holdings in TKO Group were worth $9,822,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Blue Trust Inc. raised its stake in shares of 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 purchasing an additional 89 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of TKO Group during the 4th quarter valued at 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 stake 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 worth $39,000 after buying an additional 115 shares during the period. Finally, Signaturefd LLC increased its stake in shares of TKO Group by 39.4% in the third quarter. Signaturefd LLC now owns 386 shares of the company's stock worth $48,000 after purchasing an additional 109 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Stock Performance

Shares of TKO stock traded up $5.48 during trading hours on Friday, hitting $166.69. The company's stock had a trading volume of 2,463,709 shares, compared to its average volume of 798,429. The stock has a market cap of $28.47 billion, a PE ratio of -396.88 and a beta of 1.06. The company has a 50 day moving average of $146.05 and a 200 day moving average of $129.28. TKO Group Holdings, Inc. has a 12-month low of $78.69 and a 12-month high of $168.25. 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 (NYSE:TKO - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.28). The company had revenue of $681.20 million during the quarter, compared to analysts' expectations of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The firm's quarterly revenue was up 51.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 EPS. On average, sell-side analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Patrick Whitesell bought 263,200 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were acquired at an average price of $146.97 per share, for a total transaction of $38,682,504.00. Following the completion of the transaction, the insider now directly owns 418,587 shares in the company, valued at $61,519,731.39. The trade was 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 link. Also, CFO Andrew M. Schleimer sold 5,419 shares of the business's stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $769,172.86. Following the transaction, the chief financial officer now owns 6,995 shares in the company, valued at $992,870.30. The trade was a 43.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 2,107,826 shares of company stock worth $319,543,341 and have sold 71,457 shares worth $10,153,456. Insiders own 53.80% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on TKO shares. The Goldman Sachs Group lifted their target price on TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Pivotal Research increased their price target on TKO Group from $145.00 to $165.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Benchmark cut TKO Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. TD Cowen raised 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. Finally, Roth Mkm increased their target price on shares of TKO Group from $146.00 to $148.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, TKO Group presently has a consensus 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.