Sumitomo Mitsui DS Asset Management Company Ltd Sells 275 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Sumitomo Mitsui DS Asset Management Company Ltd lessened its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 2.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,076 shares of the company’s stock after selling 275 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in TKO Group were worth $1,290,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Park Avenue Securities LLC grew its holdings 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 acquiring an additional 4,836 shares during the last quarter. Retirement Systems of Alabama lifted its position in shares of TKO Group by 11.0% during the third 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 in the last quarter. HighTower Advisors LLC grew its stake in shares of TKO Group by 177.2% during the third quarter. HighTower Advisors LLC now owns 26,197 shares of the company’s stock valued at $3,225,000 after purchasing an additional 16,746 shares during the last quarter. Petrus Trust Company LTA acquired a new stake in shares of TKO Group in the third quarter valued at approximately $597,000. Finally, Principal Financial Group Inc. raised its position 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 worth $154,185,000 after purchasing an additional 13,148 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Andrew M. Schleimer sold 5,419 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was 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 of the company’s stock, valued at approximately $992,870.30. This represents a 43.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $146,765.96. Following the completion of the transaction, the chief accounting officer now directly owns 2,225 shares in the company, valued at approximately $315,816.50. The trade was a 31.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 2,107,826 shares of company stock valued at $319,543,341 and have sold 71,457 shares valued at $10,153,456. 53.80% of the stock is currently owned by company insiders.

TKO Group Trading Up 2.0 %

TKO opened at $176.61 on Wednesday. TKO Group Holdings, Inc. has a twelve month low of $78.69 and a twelve month high of $178.13. The firm has a market cap of $30.16 billion, a PE ratio of -420.50 and a beta of 1.06. 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 firm’s fifty day moving average is $147.61 and its two-hundred day moving average is $130.55.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TKO. JPMorgan Chase & Co. increased their price objective on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. The Goldman Sachs Group lifted their price objective on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Pivotal Research raised their target price on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Citigroup boosted their price target on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $148.08.

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.