Venturi Wealth Management LLC Makes New $384,000 Investment in TKO Group Holdings, Inc. (NYSE:TKO)

Venturi Wealth Management LLC acquired a new stake in TKO Group Holdings, Inc. (NYSE:TKO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,704 shares of the company’s stock, valued at approximately $384,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Blue Trust Inc. lifted its stake in 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 acquiring an additional 89 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of TKO Group in the 4th quarter valued at $32,000. First Horizon Advisors Inc. raised its holdings in shares of TKO Group by 491.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after purchasing an additional 231 shares in the last quarter. Game Plan Financial Advisors LLC lifted its position in shares of TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after purchasing an additional 155 shares during the last quarter. Finally, UMB Bank n.a. grew its stake 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 purchasing an additional 115 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TKO has been the topic of a number of analyst reports. TD Cowen raised their price target on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. UBS Group raised their target price on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Seaport Res Ptn downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 11th. The Goldman Sachs Group raised their price objective on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, Pivotal Research upped their target price on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Three research 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, TKO Group currently has a consensus rating of “Moderate Buy” and an average price target of $148.08.

TKO Group Stock Down 1.8 %

Shares of NYSE:TKO opened at $163.58 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $27.93 billion, a P/E ratio of -389.46 and a beta of 1.06. TKO Group Holdings, Inc. has a 1-year low of $78.69 and a 1-year high of $179.09. The firm has a fifty day moving average price of $151.86 and a 200 day moving average price of $133.32.

Insider Transactions at TKO Group

In related news, major shareholder Patrick Whitesell acquired 31,352 shares of TKO Group stock in a transaction on Wednesday, December 11th. The stock was purchased at an average cost of $142.03 per share, with a total value of $4,452,924.56. Following the purchase, the insider now directly owns 1,674,322 shares in the company, valued at approximately $237,803,953.66. The trade was a 1.91 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Shane Kapral sold 1,034 shares of TKO Group stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $146,765.96. Following the completion of the transaction, the chief accounting officer now owns 2,225 shares in the company, valued at $315,816.50. This trade represents a 31.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 2,498,297 shares of company stock worth $387,671,461 and sold 71,457 shares worth $10,153,456. Insiders own 53.80% of the company’s stock.

About TKO Group

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.