Argonautica Private Wealth Management Inc. Grows Position in TKO Group Holdings, Inc. (NYSE:TKO)

Argonautica Private Wealth Management Inc. lifted its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,729 shares of the company’s stock after purchasing an additional 123 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in TKO Group were worth $388,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Blue Trust Inc. lifted its position in TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after purchasing an additional 89 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of TKO Group during the 4th quarter worth $32,000. First Horizon Advisors Inc. grew its position in 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 acquiring an additional 231 shares in the last quarter. Game Plan Financial Advisors LLC increased its stake in TKO Group by 172.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after acquiring an additional 155 shares during the last quarter. Finally, UMB Bank n.a. raised its position in TKO Group by 72.8% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after purchasing an additional 115 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.

TKO Group Stock Performance

TKO Group stock opened at $155.83 on Wednesday. TKO Group Holdings, Inc. has a 1-year low of $78.69 and a 1-year high of $179.09. The firm has a market cap of $26.61 billion, a P/E ratio of -371.02 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. The firm has a 50-day moving average of $152.65 and a 200-day moving average of $134.60.

Insider Transactions at TKO Group

In related news, major shareholder Patrick Whitesell acquired 263,200 shares of the stock in a transaction on Monday, December 16th. The stock was acquired at an average cost of $146.97 per share, for a total transaction of $38,682,504.00. Following the completion of the acquisition, the insider now directly owns 418,587 shares of the company’s stock, valued at approximately $61,519,731.39. This represents a 169.38 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Shane Kapral sold 1,034 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $315,816.50. This trade represents a 31.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have acquired 2,498,297 shares of company stock worth $387,671,461 and have sold 71,457 shares worth $10,153,456. Corporate insiders own 53.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TKO shares. 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 research report on Friday, January 24th. TD Cowen increased their price target on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Seaport Res Ptn lowered shares of TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 11th. Pivotal Research upped their price objective 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. Finally, Citigroup lifted their target price on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $151.58.

TKO Group Company 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.