TKO Group Holdings, Inc. (NYSE:TKO) Holdings Lowered by Wrapmanager Inc.

Wrapmanager Inc. trimmed its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 12.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,587 shares of the company’s stock after selling 231 shares during the period. Wrapmanager Inc.’s holdings in TKO Group were worth $226,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Ninety One UK Ltd raised its position in TKO Group by 4.1% during the fourth quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock valued at $589,985,000 after buying an additional 163,980 shares during the period. State Street Corp raised its position in TKO Group by 10.4% during the third quarter. State Street Corp now owns 2,052,916 shares of the company’s stock valued at $253,966,000 after buying an additional 192,602 shares during the period. Massachusetts Financial Services Co. MA raised its position in TKO Group by 29.1% during the third 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 period. Principal Financial Group Inc. raised its position in TKO Group by 1.1% during the third 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 during the period. Finally, Geode Capital Management LLC raised its position in TKO Group by 7.4% during the third quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company’s stock valued at $153,931,000 after buying an additional 85,160 shares during the period. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Stock Performance

TKO opened at $155.83 on Wednesday. The company has a market cap of $26.61 billion, a PE ratio of -371.02 and a beta of 1.06. The stock has a 50-day moving average of $152.65 and a 200-day moving average of $134.60. TKO Group Holdings, Inc. has a 52-week low of $78.69 and a 52-week high of $179.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17.

Insider Transactions 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 stock was sold at an average price of $141.94, for a total value of $769,172.86. Following the completion of the sale, the chief financial officer now owns 6,995 shares in the company, valued at approximately $992,870.30. This trade represents a 43.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Shane Kapral sold 1,034 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $146,765.96. Following the completion of the sale, the chief accounting officer now owns 2,225 shares of the company’s stock, valued at $315,816.50. This represents a 31.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders purchased 2,498,297 shares of company stock worth $387,671,461 and sold 71,457 shares worth $10,153,456. 53.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TKO has been the topic of several recent analyst reports. UBS Group upped their price target on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Morgan Stanley upped their target price on TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Monday. JPMorgan Chase & Co. upped their target price on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Pivotal Research upped their target price on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Citigroup upped their target price on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Three 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.com, TKO Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.58.

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.