Venturi Wealth Management LLC Purchases New Position in TKO Group Holdings, Inc. (NYSE:TKO)

Venturi Wealth Management LLC purchased a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,704 shares of the company's stock, valued at approximately $384,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its position in TKO Group by 29.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company's stock valued at $210,892,000 after acquiring an additional 383,869 shares in the last quarter. State Street Corp lifted its position in TKO Group by 10.4% in the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company's stock valued at $253,966,000 after acquiring an additional 192,602 shares in the last quarter. Ninety One UK Ltd lifted its position in TKO Group by 4.1% in the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company's stock valued at $589,985,000 after acquiring an additional 163,980 shares in the last quarter. Geode Capital Management LLC lifted its position in TKO Group by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company's stock valued at $153,931,000 after acquiring an additional 85,160 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in TKO Group by 14.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 452,753 shares of the company's stock valued at $56,010,000 after acquiring an additional 56,312 shares in the last quarter. 89.79% of the stock is owned by institutional investors.

Insider Buying and Selling at TKO Group

In other news, CAO Shane Kapral sold 1,034 shares of the business's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $146,765.96. Following the completion of the sale, the chief accounting officer now directly owns 2,225 shares of the company's stock, valued at $315,816.50. The trade was a 31.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ariel Emanuel bought 60,208 shares of the firm's stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of $143.73 per share, with a total value of $8,653,695.84. Following the completion of the transaction, the chief executive officer now owns 1,734,530 shares of the company's stock, valued at $249,303,996.90. This represents a 3.60 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 2,498,297 shares of company stock valued at $387,671,461 and sold 71,457 shares valued at $10,153,456. Insiders own 53.80% of the company's stock.

Analysts Set New Price Targets

TKO has been the topic of several analyst reports. The Goldman Sachs Group boosted their price target on shares of TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Citigroup boosted their price objective on shares of TKO Group from $137.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Pivotal Research upped their price target 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. JPMorgan Chase & Co. increased their price objective on shares of TKO Group from $137.00 to $158.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th. Finally, Benchmark downgraded shares of TKO Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $148.08.

TKO Group Stock Down 3.1 %

TKO traded down $5.09 during midday trading on Friday, hitting $158.73. The company had a trading volume of 1,714,360 shares, compared to its average volume of 1,093,437. TKO Group Holdings, Inc. has a 52 week low of $78.69 and a 52 week high of $179.09. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $27.11 billion, a price-to-earnings ratio of -377.92 and a beta of 1.06. The stock's 50 day moving average price is $151.86 and its 200 day moving average price is $133.32.

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.