TKO Group Holdings, Inc. (NYSE:TKO) Stake Lifted by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System increased its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,500 shares of the company’s stock after acquiring an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in TKO Group were worth $2,629,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TKO. AQR Capital Management LLC bought a new position in shares of TKO Group in the second quarter valued at approximately $232,000. CWM LLC boosted its holdings in TKO Group by 92.3% during the third quarter. CWM LLC now owns 646 shares of the company’s stock worth $80,000 after buying an additional 310 shares in the last quarter. Sumitomo Life Insurance Co. boosted its holdings in TKO Group by 2.7% during the third quarter. Sumitomo Life Insurance Co. now owns 9,351 shares of the company’s stock worth $1,157,000 after buying an additional 250 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in TKO Group by 2.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,351 shares of the company’s stock worth $1,157,000 after buying an additional 250 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after buying an additional 89 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on TKO shares. Benchmark cut shares of TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Seaport Res Ptn cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday. TD Cowen raised their target price on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Citigroup raised their target price on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Finally, UBS Group raised their target price on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $148.08.

TKO Group Stock Down 1.2 %

TKO stock opened at $174.49 on Friday. TKO Group Holdings, Inc. has a 12-month low of $78.69 and a 12-month high of $179.09. 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 company has a market cap of $29.80 billion, a price-to-earnings ratio of -415.45 and a beta of 1.06. The company has a 50 day moving average of $148.99 and a two-hundred day moving average of $131.18.

Insiders Place Their Bets

In related news, CEO Ariel Emanuel bought 117,769 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was bought at an average price of $175.40 per share, for a total transaction of $20,656,682.60. Following the transaction, the chief executive officer now directly owns 2,579,437 shares in the company, valued at $452,433,249.80. This represents a 4.78 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Patrick Whitesell bought 156,446 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was bought at an average price of $175.60 per share, with a total value of $27,471,917.60. Following the transaction, the insider now owns 2,461,668 shares in the company, valued at approximately $432,268,900.80. This represents a 6.79 % increase in their ownership of the stock. The disclosure for this purchase 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. 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.