TKO Group Holdings, Inc. (NYSE:TKO) Shares Purchased by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board lifted its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 11.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,600 shares of the company’s stock after purchasing an additional 1,400 shares during the quarter. New Mexico Educational Retirement Board’s holdings in TKO Group were worth $1,933,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of TKO. Blue Trust Inc. grew its stake in shares of TKO Group by 52.4% in the third 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. bought a new position in shares of TKO Group in the fourth quarter worth $32,000. First Horizon Advisors Inc. grew its stake in shares of TKO Group by 491.5% in the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after purchasing an additional 231 shares in the last quarter. UMB Bank n.a. grew its stake in shares of TKO Group by 72.8% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after purchasing an additional 115 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of TKO Group by 39.4% in the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after purchasing an additional 109 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

TKO Group Stock Up 0.6 %

Shares of TKO Group stock opened at $175.60 on Monday. The stock has a 50-day moving average price of $149.62 and a 200 day moving average price of $131.96. The company has a market cap of $29.99 billion, a P/E ratio of -418.09 and a beta of 1.06. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 1 year low of $78.69 and a 1 year high of $179.09.

Analyst Ratings Changes

Several research firms have recently issued reports on TKO. Pivotal Research increased their price target on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. TD Cowen raised their target price on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Citigroup raised their target price on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. The Goldman Sachs Group raised their target price on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $148.08.

Insider Buying and Selling

In related news, CAO Shane Kapral sold 1,034 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $146,765.96. Following the completion of the sale, the chief accounting officer now directly owns 2,225 shares of the company’s stock, valued at approximately $315,816.50. This represents a 31.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Patrick Whitesell purchased 31,352 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average cost of $142.03 per share, with a total value of $4,452,924.56. Following the completion of the purchase, the insider now directly owns 1,674,322 shares in the company, valued at approximately $237,803,953.66. This represents a 1.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 2,498,297 shares of company stock valued at $387,671,461 and sold 71,457 shares valued at $10,153,456. Company 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.