TKO Group Holdings, Inc. (NYSE:TKO) Stock Position Decreased by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. cut its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,076 shares of the company’s stock after selling 275 shares during the period. Sumitomo Life Insurance Co.’s holdings in TKO Group were worth $1,290,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Blue Trust Inc. increased its stake in TKO Group by 52.4% in the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after purchasing an additional 89 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of TKO Group in the fourth quarter worth approximately $32,000. First Horizon Advisors Inc. raised its holdings in shares of TKO Group by 491.5% during the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after acquiring an additional 231 shares during the period. UMB Bank n.a. lifted its position in shares of TKO Group by 72.8% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after acquiring an additional 115 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in TKO Group by 39.4% in the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after purchasing an additional 109 shares during the period. 89.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other TKO Group news, CEO Ariel Emanuel acquired 105,038 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was acquired at an average price of $153.04 per share, with a total value of $16,075,015.52. Following the transaction, the chief executive officer now owns 1,257,800 shares of the company’s stock, valued at approximately $192,493,712. This trade represents a 9.11 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Patrick Whitesell bought 89,234 shares of the stock in a transaction on Monday, January 27th. The stock was acquired at an average cost of $153.18 per share, for a total transaction of $13,668,864.12. Following the acquisition, the insider now directly owns 1,347,034 shares in the company, valued at approximately $206,338,668.12. The trade was a 7.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 1,265,894 shares of company stock valued at $185,095,692 and have sold 71,457 shares valued at $10,153,456. Insiders own 53.80% of the company’s stock.

TKO Group Price Performance

TKO Group stock opened at $156.81 on Thursday. TKO Group Holdings, Inc. has a one year low of $78.69 and a one year high of $159.53. The company’s fifty day moving average price is $142.95 and its two-hundred day moving average price is $126.81. 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 (NYSE:TKO) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The company had revenue of $681.20 million for the quarter, compared to analyst estimates of $665.12 million. During the same period in the prior year, the company posted $0.52 EPS. The business’s revenue was up 51.7% on a year-over-year basis. As a group, analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TKO has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Roth Mkm raised their price objective on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Pivotal Research upped their target price on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. TD Cowen raised their price target 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. Finally, UBS Group upped their price objective on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and a consensus price target of $144.77.

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.