Sumitomo Mitsui DS Asset Management Company Ltd Has $1.29 Million Position in TKO Group Holdings, Inc. (NYSE:TKO)

Sumitomo Mitsui DS Asset Management Company Ltd lessened its position in TKO Group Holdings, Inc. (NYSE:TKO) by 2.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,076 shares of the company’s stock after selling 275 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in TKO Group were worth $1,290,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Choreo LLC raised its holdings in shares of TKO Group by 32.3% in the fourth quarter. Choreo LLC now owns 8,014 shares of the company’s stock valued at $1,149,000 after purchasing an additional 1,957 shares during the last quarter. Retirement Systems of Alabama grew its position in TKO Group by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 80,911 shares of the company’s stock valued at $11,498,000 after purchasing an additional 204 shares in the last quarter. Ninety One SA PTY Ltd increased its stake in TKO Group by 9.7% in the 4th quarter. Ninety One SA PTY Ltd now owns 69,116 shares of the company’s stock valued at $9,822,000 after buying an additional 6,089 shares during the last quarter. Ninety One UK Ltd lifted its position in TKO Group by 4.1% during the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock worth $589,985,000 after buying an additional 163,980 shares in the last quarter. Finally, Spire Wealth Management acquired a new position in shares of TKO Group during the 4th quarter worth about $54,000. Institutional investors own 89.79% of the company’s stock.

TKO Group Trading Up 2.0 %

TKO stock opened at $176.61 on Wednesday. The company’s 50-day simple moving average is $147.61 and its 200 day simple moving average is $130.55. TKO Group Holdings, Inc. has a 52 week low of $78.69 and a 52 week high of $178.13. The company has a market capitalization 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.

Insider Activity at TKO Group

In other news, CEO Ariel Emanuel acquired 60,208 shares of the stock in a transaction on Thursday, December 12th. The stock was acquired at an average cost of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the transaction, the chief executive officer now directly owns 1,734,530 shares in the company, valued at approximately $249,303,996.90. This trade represents a 3.60 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Andrew M. Schleimer sold 5,419 shares of the company’s stock in a transaction 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 sale, the chief financial officer now owns 6,995 shares of the company’s stock, valued at $992,870.30. The trade was a 43.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 2,107,826 shares of company stock worth $319,543,341 and sold 71,457 shares worth $10,153,456. 53.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. UBS Group upped their target price on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. The Goldman Sachs Group increased their price objective on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 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. JPMorgan Chase & Co. upped their price target on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Citigroup lifted 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. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.08.

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.