Spire Wealth Management Acquires Shares of 379 TKO Group Holdings, Inc. (NYSE:TKO)

Spire Wealth Management bought a new position in TKO Group Holdings, Inc. (NYSE:TKO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 379 shares of the company’s stock, valued at approximately $54,000.

A number of other large investors have also modified their holdings of TKO. Park Avenue Securities LLC lifted its position in TKO Group by 59.2% during the 4th quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock worth $1,848,000 after acquiring an additional 4,836 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of TKO Group by 11.0% during the third quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock valued at $9,984,000 after purchasing an additional 8,006 shares during the period. HighTower Advisors LLC lifted its position in shares of TKO Group by 177.2% during the third quarter. HighTower Advisors LLC now owns 26,197 shares of the company’s stock worth $3,225,000 after purchasing an additional 16,746 shares in the last quarter. Petrus Trust Company LTA acquired a new position in shares of TKO Group during the third quarter worth $597,000. Finally, Principal Financial Group Inc. boosted its stake in shares of TKO Group by 1.1% in the third quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock valued at $154,185,000 after purchasing an additional 13,148 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Stock Performance

Shares of TKO opened at $166.69 on Monday. 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 Holdings, Inc. has a 12-month low of $78.69 and a 12-month high of $168.25. The business’s fifty day moving average price is $146.05 and its 200 day moving average price is $129.60. The stock has a market capitalization of $28.47 billion, a PE ratio of -396.88 and a beta of 1.06.

Insider Transactions at TKO Group

In related news, major shareholder Patrick Whitesell purchased 177,861 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average price of $165.99 per share, with a total value of $29,523,147.39. Following the acquisition, the insider now owns 2,188,966 shares in the company, valued at approximately $363,346,466.34. This trade represents a 8.84 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Shane Kapral sold 1,034 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 $146,765.96. Following the transaction, the chief accounting officer now owns 2,225 shares of the company’s stock, valued at approximately $315,816.50. The trade was a 31.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have acquired 2,107,826 shares of company stock worth $319,543,341 and have sold 71,457 shares worth $10,153,456. Insiders own 53.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on TKO shares. Pivotal Research boosted their price objective on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. UBS Group raised their price objective on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group lifted their price objective on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, TD Cowen increased 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. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, TKO Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.08.

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.