Portfolio Design Labs LLC Acquires Shares of 2,202 TKO Group Holdings, Inc. (NYSE:TKO)

Portfolio Design Labs LLC acquired a new stake in TKO Group Holdings, Inc. (NYSE:TKO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,202 shares of the company’s stock, valued at approximately $313,000.

A number of other institutional investors have also recently bought and sold shares of TKO. Blue Trust Inc. grew its stake in shares of TKO Group by 28.2% during the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $47,000 after acquiring an additional 73 shares during the period. Coldstream Capital Management Inc. grew its stake in shares of TKO Group by 3.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock worth $379,000 after acquiring an additional 97 shares during the period. Signaturefd LLC grew its stake in shares of TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after acquiring an additional 109 shares during the period. UMB Bank n.a. grew its stake in shares of TKO Group by 72.8% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after acquiring an additional 115 shares during the period. Finally, Integrated Wealth Concepts LLC grew its stake in shares of TKO Group by 6.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,126 shares of the company’s stock worth $263,000 after acquiring an additional 125 shares during the period. Institutional investors own 89.79% of the company’s stock.

TKO Group Stock Performance

NYSE:TKO opened at $176.82 on Thursday. The business’s 50-day moving average price is $148.39 and its two-hundred day moving average price is $130.87. TKO Group Holdings, Inc. has a twelve month low of $78.69 and a twelve month high of $178.13. The stock has a market cap of $30.20 billion, a P/E ratio of -421.00 and a beta of 1.06. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

Analyst Ratings Changes

Several research firms have recently weighed in on TKO. Citigroup increased their price target on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Benchmark downgraded TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. The Goldman Sachs Group increased their price target on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. TD Cowen increased their price objective on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Finally, Roth Mkm increased their price objective on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $148.08.

Insider Buying and Selling at TKO Group

In other news, insider Seth D. Krauss sold 2,438 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $143.80, for a total transaction of $350,584.40. Following the transaction, the insider now directly owns 7,983 shares in the company, valued at approximately $1,147,955.40. This represents a 23.40 % decrease in their position. The sale 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 the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $146,765.96. Following the transaction, the chief accounting officer now owns 2,225 shares in the company, valued at $315,816.50. This trade represents a 31.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 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 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.