Kestra Investment Management LLC Makes New Investment in TKO Group Holdings, Inc. (NYSE:TKO)

Kestra Investment Management LLC bought a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 307 shares of the company’s stock, valued at approximately $44,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Venturi Wealth Management LLC bought a new position in TKO Group during the fourth quarter worth about $384,000. CIBC Asset Management Inc boosted its position in TKO Group by 5.7% during the fourth quarter. CIBC Asset Management Inc now owns 2,529 shares of the company’s stock worth $359,000 after purchasing an additional 136 shares during the period. Game Plan Financial Advisors LLC boosted its position in TKO Group by 172.2% during the fourth 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 period. New Mexico Educational Retirement Board boosted its position in TKO Group by 11.5% during the fourth quarter. New Mexico Educational Retirement Board now owns 13,600 shares of the company’s stock worth $1,933,000 after purchasing an additional 1,400 shares during the period. Finally, Blue Trust Inc. boosted its position in TKO Group by 28.2% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $47,000 after purchasing an additional 73 shares during the period. Institutional investors own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Pivotal Research raised their price objective on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. TD Cowen raised their price objective on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. raised their price objective on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Citigroup raised their price objective on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, UBS Group raised their price objective on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $148.08.

TKO Group Trading Down 3.1 %

Shares of TKO opened at $158.73 on Friday. The firm’s 50 day simple moving average is $152.20 and its 200 day simple moving average is $133.68. The company has a market capitalization of $27.11 billion, a P/E ratio of -377.92 and a beta of 1.06. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group Holdings, Inc. has a 1-year low of $78.69 and a 1-year high of $179.09.

Insiders Place Their Bets

In other TKO Group news, CEO Ariel Emanuel acquired 117,769 shares of the stock in a transaction dated Wednesday, February 12th. The stock was purchased at an average cost of $175.40 per share, for a total transaction of $20,656,682.60. Following the acquisition, the chief executive officer now owns 2,579,437 shares in the company, valued at $452,433,249.80. The trade was a 4.78 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Patrick Whitesell acquired 31,352 shares of the stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average price of $142.03 per share, with a total value of $4,452,924.56. Following the completion of the acquisition, the insider now owns 1,674,322 shares in the company, valued at approximately $237,803,953.66. The trade was a 1.91 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 2,498,297 shares of company stock valued at $387,671,461 and have 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.