Handelsbanken Fonder AB Buys 2,900 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Handelsbanken Fonder AB increased its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 20.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,137 shares of the company’s stock after acquiring an additional 2,900 shares during the period. Handelsbanken Fonder AB’s holdings in TKO Group were worth $2,435,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TKO. Ninety One UK Ltd raised its stake in shares of 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 purchasing an additional 163,980 shares during the period. State Street Corp grew its holdings in shares of TKO Group by 10.4% during the third quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after buying an additional 192,602 shares in the last quarter. Massachusetts Financial Services Co. MA raised 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 buying an additional 383,869 shares during the last quarter. 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 acquiring an additional 13,148 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake 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. 89.79% of the stock is owned by institutional investors.

TKO Group Stock Performance

TKO opened at $161.00 on Tuesday. 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 stock has a market cap of $27.49 billion, a price-to-earnings ratio of -383.33 and a beta of 1.06. TKO Group Holdings, Inc. has a 12-month low of $78.69 and a 12-month high of $179.09. The business has a 50 day moving average of $152.48 and a 200-day moving average of $134.33.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TKO shares. UBS Group raised their price target on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Morgan Stanley lifted their price target on shares of TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday. Seaport Res Ptn cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. raised their price objective on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, Pivotal Research upped their target price on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $151.58.

Insider Buying and Selling at TKO Group

In other TKO Group news, CFO Andrew M. Schleimer sold 5,419 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $769,172.86. Following the completion of the sale, the chief financial officer now directly owns 6,995 shares in the company, valued at $992,870.30. This trade represents a 43.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Patrick Whitesell acquired 31,352 shares of TKO Group stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average price of $142.03 per share, with a total value of $4,452,924.56. Following the acquisition, the insider now owns 1,674,322 shares of the company’s stock, valued at approximately $237,803,953.66. This trade represents a 1.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 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.

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.