48,701 Shares in TKO Group Holdings, Inc. (NYSE:TKO) Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 48,701 shares of the company's stock, valued at approximately $6,921,000.

Other institutional investors also recently bought and sold shares of the company. Park Avenue Securities LLC raised its position in TKO Group by 59.2% during the 4th quarter. Park Avenue Securities LLC now owns 13,004 shares of the company's stock worth $1,848,000 after buying an additional 4,836 shares during the last quarter. Retirement Systems of Alabama raised its holdings in TKO Group by 11.0% in the 3rd quarter. Retirement Systems of Alabama now owns 80,707 shares of the company's stock worth $9,984,000 after purchasing an additional 8,006 shares during the period. HighTower Advisors LLC grew its stake in TKO Group by 177.2% in the 3rd quarter. HighTower Advisors LLC now owns 26,197 shares of the company's stock valued at $3,225,000 after acquiring an additional 16,746 shares during the period. Petrus Trust Company LTA acquired a new stake in shares of TKO Group in the third quarter valued at about $597,000. Finally, Principal Financial Group Inc. lifted its stake in TKO Group by 1.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company's stock valued at $154,185,000 after buying an additional 13,148 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. The Goldman Sachs Group raised their target price on TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. JPMorgan Chase & Co. lifted their price target on TKO Group from $137.00 to $158.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. TD Cowen upped their price target on shares of TKO Group from $140.00 to $143.00 and gave the company a "buy" rating in a report on Tuesday, October 29th. UBS Group raised their target price 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. Finally, Benchmark downgraded shares of TKO Group from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $144.77.

TKO Group Stock Up 1.3 %

Shares of TKO Group stock traded up $2.11 during trading hours on Wednesday, reaching $159.85. The company's stock had a trading volume of 378,760 shares, compared to its average volume of 800,185. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The stock's fifty day simple moving average is $144.56 and its two-hundred day simple moving average is $128.40. The company has a market capitalization of $27.30 billion, a P/E ratio of -380.78 and a beta of 1.06. TKO Group Holdings, Inc. has a one year low of $78.69 and a one year high of $160.92.

TKO Group (NYSE:TKO - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $681.20 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 earnings per share. On average, research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Insider Activity at TKO Group

In related news, insider Mark S. Shapiro sold 31,666 shares of the firm's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $4,494,672.04. Following the completion of the transaction, the insider now directly owns 73,677 shares of the company's stock, valued at approximately $10,457,713.38. This trade represents a 30.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Patrick Whitesell purchased 245,887 shares of the company's stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of $142.45 per share, with a total value of $35,026,603.15. Following the transaction, the insider now owns 1,825,030 shares of the company's stock, valued at $259,975,523.50. This represents a 15.57 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 1,775,976 shares of company stock valued at $265,361,587 and sold 71,457 shares valued at $10,153,456. 53.80% of the stock is owned by corporate insiders.

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.